Tesco Share Discussion Threads

[johnwise] 09/2/2024 19:38

Maxed out credit cards ? Are Tesco customers rich enough to have accounts with Barclays? , I wonder how long it will before Barclays starts closing these accounts? "700 million down the drain just like Argos in Sainsburys".Brilliant move by Tesco as it sees its bank customers struggling with Mortgage and the cost of living crisis..

[superiorshares] 09/2/2024 16:59

pus
There you go, Gecko knows the score.
The Guvnor of Maersk states the shipping rates had increased 100 per cent
That's doubled for you pus.

SS

[geckotheglorious] 09/2/2024 13:48

”Mediterranean, Black Sea eastbound Suezmax rates surging on Red Sea turmoil”
Freight rates for Suezmax voyages loading in the Mediterranean and Black Sea and discharging in the Far East are rising significantly due to the shipping disruptions in the Red Sea region, S&P Global reported Thursday.

Platts, part of S&P Global Commodity Insights, assessed freight on the 135K mt Caspian Pipeline Consortium terminal-Far East route, via the Suez Canal, at a $7.5M lump sum on February 7, its highest level in nearly 10 months, after the rate for the route had averaged a $6.4M lump sum in January.

Shipbrokers have found it difficult to assess the rate for CPC-East Suezmax runs since the start of the Red Sea crisis, but S&P Global said the market was finally confirmed at higher levels after it was reported on February 5 that a 130K mt Libya-Ningbo fixture had been settled at a $6.5M lump sum via the Suez Canal.
The premium for a CPC-East Suezmax voyage is usually $1M over the cost of fixing a Med-East Suezmax voyage, according to S&P Global.





Last I saw prior to this was 10th Jan 2024
10th Jan'24:-”Surging freight rates mean U.S. crude no longer competitive in Asia”

[konradpuss] 09/2/2024 09:49

Subperior, if I cannot read, how come Maersk's share price tanked after the annoucement?

[helen troy] 09/2/2024 08:58

Shipping rates haven't increased. The cost of shipping round South Africa is more than the cost of shipping through the Suez Canal. End of story.

[superiorshares] 09/2/2024 08:49

pus
You can't read can you 😁.
Shipping rates have increased 100 per cent
Pool your thoughts with the other hapless Students on here.
You will all go far!

SS

[eigthwonder] 09/2/2024 08:47

Interesting that TSCO quit banking soon after SBRY announce they want out too - suggests something has happened in the underlying banking model which makes it less attractive

[thamestrader] 09/2/2024 08:47

yes, hazl, I do wonder about the 'mid' or current' price, not just on this share. It is often outside the spread and is therefore meaningless. As the gain/loss and %gain/loss are based on this meaningless figure, they too are meaningless.

[superiorshares] 09/2/2024 08:42

Haz ale
What you wowing about?
SS

[hazl] 09/2/2024 08:19

Ah it has!

[hazl] 09/2/2024 08:18

The mid price seems out of kilter.

It is less than the bid price!

Likely alter as soon as I write this.

[adrian j boris] 09/2/2024 08:05

Barclays agrees to buy Tesco Bank

9 February 2024, 07:34
Tesco Bank
Tesco Bank launch. Picture: PA

Barclays expects to pay roughly £600 million for Tesco Bank’s credit cards, unsecured personal loans, deposits and operating systems.

Barclays has agreed to buy the retail banking business of Tesco Bank, including acquiring its 2,800 staff, the companies have announced.

The banking giant expects to pay roughly £600 million for Tesco Bank’s credit cards, unsecured personal loans, deposits and operating systems.

Tesco Bank employees will also transfer to Barclays over time.

As we look to the future, our aim is to be the best provider of financial services in the UK, with this strategic transaction and partnership with Barclays unlocking greater value for customers and for our business

Ken Murphy, Tesco chief executive

Tesco said the “partnership” with Barclays will occur initially for a 10-year period, helping it to reduce debts and focus on its core retail business.

Ken Murphy, Tesco chief executive, said: “Tesco Bank is a strong business that has helped millions of loyal customers to manage their money for more than 25 years.

“As we look to the future, our aim is to be the best provider of financial services in the UK, with this strategic transaction and partnership with Barclays unlocking greater value for customers and for our business.”

CS Venkatakrishnan, Barclays group chief executive, said: “This partnership with Tesco is a further demonstration of the investment we continue to make in our UK consumer business.”

By Press Association

[helen troy] 09/2/2024 08:04

https://news.sky.com/story/tesco-bank-sold-to-barclays-in-deal-worth-up-to-700m-13067201I have 600m, 700m, and deal up to 1bn.Anyway, seems good news for the share price.

[konradpuss] 09/2/2024 07:33

Sorry that should be £600 million - not enough noughts - must have been the Special Brew!

[konradpuss] 09/2/2024 07:32

'Barclays buys Tesco's Bank - £600,000'

If that is true I think there will be a write down from memory.

[konradpuss] 09/2/2024 06:45

Subperior, I suggest you reread the Maersk press release.

Too many Special Brews!

[superiorshares] 09/2/2024 03:59

pus.
Shipping rates are higher
SS

[hazl] 08/2/2024 19:50

Look at that incredible rise from before 2023 though!

We have done well here,whatever.

[hazl] 08/2/2024 19:48

Yes he reads things and thinks we don't and then takes it for his own.

Funny really.

Still I like him, he is very entertaining.

[konradpuss] 08/2/2024 18:44

Subperior, from my reading it's about oversupply and therefore lower shipping rates.

Share price of Maersk well down today on the Denmark exchange.

This might be good for Tesco, lower container rates?

Now you go easy on the cans of Newcastle Brown or Special Brew.

[superiorshares] 08/2/2024 18:07

Chuzzlewits
I'm just having a glass or 6
When I'm able I wish to educate
Pus, Troy and Hamazel.
Your homework read the report from Maersk.
And I will get back to you chuzzlewits in the morning to educate you.
SS

[johnwise] 08/2/2024 13:15

VIDEO

My thoughts on last nights meeting. Saving our family farms #farming #food #protest #supportfarmers

[hazl] 08/2/2024 10:50

TSCO Rises again.

[hazl] 08/2/2024 07:37

Amusing if nothing else. 8-)