Tesco Share Discussion Threads

[philanderer] 20/12/2017 18:05

Shares in UK supermarket Tesco (TSCO) were flat at 206.4p despite the Competition and Markets Authority giving the green light for its merger with Booker (BOK). Investors could be worried about whether the deal represents good value for money and if it would impact the supermarket's recovery. Tesco said it expects the deal to complete in March 2018.

[johnwise] 20/12/2017 17:09

The Government begins the death of the small food retailer.

Tesco, the UK’s largest supermarket chain, has received final approval from the country’s competition regulator for its £3.7bn takeover of wholesaler Booker

This is not right, Tesco is taking control of the downward supply chain, and this chain also supplies smaller competitors, these competitors will either have to find another supplier or be at the mercy of Tesco and her prices.

The merger will turn Tesco into a major supplier to small shopkeepers, serving 125,000 independent convenience stores as well as 468,000 restaurants and pubs.

[philanderer] 20/12/2017 13:58

There’s little trepidation over the shareholder vote expected at the end of February.

“There are some smaller Booker shareholders wanting to negotiate a better price, but they won’t have enough votes,” said Bruno Monteyne of Bernstein.

In March, however, two of Tesco’s biggest investors came out against the acquisition, with Schroders urging Tesco chairman John Allan to stop the deal.

[ladeside] 20/12/2017 13:43

Yeah, Yeah, change the record................

[alphorn] 20/12/2017 09:07

Tesco’s £3.7bn takeover of wholesaler Booker has been fully cleared by the UK’s competition watchdog despite widespread concern that the deal will hand the supermarket an even greater grip on the market...........

However, the Competition and Markets Authority (CMA) has announced, following a seven-month review, that it has concluded the deal does not raise competition concerns and have rubber-stamped their decision.

[philanderer] 20/12/2017 08:57

"..Tesco said it expects the votes to occur in February, ahead of full completion in March"

[toon1966] 20/12/2017 08:55

Article on the Booker take-over from the Telegraph www.telegraph.co.uk/business/2017/12/20/tescos-37bn-booker-takeover-waved-competition-regulator/

[filmster] 20/12/2017 08:11

They did but today is their final decision. Now we just need shareholders approval

[shanieboy01] 20/12/2017 07:34

Thought this deal was approved weeks ago

[philanderer] 20/12/2017 00:18

Second 2 Sisters chicken processing plant may have breached food regulations


A factory inspection for the supermarket giant Tesco shows that a second chicken processing plant in the 2 Sisters Food Group was potentially breaching food regulations designed to protect consumers

Leaked documents show that the supermarket’s audit team gave a “red” warning to the Coupar Angus factory in Scotland after uncovering “major” issues of non-compliance in five different areas.

The report was part of a series of emergency inspections carried out by Tesco after ITV News and the Guardian uncovered problems at the 2 Sisters factory in West Bromwich, Site D, which lead to its temporary closure.

The results raise serious questions about how widespread bad practice was at 2 Sisters poultry operations. The company runs 12 chicken-processing plants and is the UK’s largest supplier of supermarket chicken.

[retsius] 19/12/2017 12:40

Share price seems curiously subdued. Must be awaiting Booker News.

[buywell3] 18/12/2017 20:00

Sub $50 in 6 months

Won't post again till it does

[philanderer] 18/12/2017 17:40

Tesco To Invest €70 Million In Irish Stores

[its top up time] 18/12/2017 15:53

Get stuck in chaps.

Have no fear, goods are flying off the shelves.

[retsius] 18/12/2017 15:45

Errrr.............

[retsius] 18/12/2017 11:42

tree shake over,onwards and upwards from now on![I hope!]

[johnwise] 15/12/2017 18:04

Friday 15 December 2017

Tesco ‘fake farm’ brands called out as farmers come forward

Mr Baugh told Farmers Weekly he didn’t think Tesco should be putting lower-welfare imported meat in a package with a UK-sounding farm name.

[philanderer] 15/12/2017 13:50

The Queen gives a Tesco Christmas pudding to every member of her staff each year

[vaneric1] 14/12/2017 12:47

Looking around my local Tesco yesterday I found lots of Christmas goodies selling at a discount many at half price.

The shop was the busiest I've ever seen it, had to queue for a space in the carpark for the first time ever.

Obviously much of that is down to the few days of snow keeping customers at home but we also lost another supermarket, Tuffins, this year just around the corner and the only other close competition is the dreadfully expensive Co-op.

[philanderer] 14/12/2017 12:31

'Christmas squeeze as food prices reach four-year high'

[alphorn] 14/12/2017 11:36

Sales of electrical household appliances were the biggest contributor to growth, much of which the ONS attributes to Black Friday activity in the final week of the month, which took household goods sales growth to +2.9%.

Annual retail sales growth was 1.6% in November, while total average store selling prices were up 3.1%, with prices rising across all store categories. Food stores had the largest increase in selling prices for the month at +3.6%.

[philanderer] 13/12/2017 23:24

Final report from CMA is 26th of this month.

Then there has to be a shareholders vote.

Tesco has said that it expected the deal to be completed early next year.

[wynmck] 13/12/2017 20:41

thanks-wasn't on the list at Thisismoney
any idea when the Booker deal is set to complete?

[wynmck] 13/12/2017 15:04

where do you see that phil?