News Page for: TESCO, TSCO (graph)

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Item
Date
Source & Article
1
13th June 2000
 RNS:Tesco will be holding their AGM on 15th June 2000 (This Thursday). Watch the share price!
2
15th June 2000
 Statement made @ AGM : "In the 52 weeks to 26 February 2000 total group sales rose by 9.8% to £20.4bn and Group profit before tax is up by 8.4% to £955m. Our full year dividend is 4.48p up 8.7% on last year. These results demonstrate both focused strategy and innovative management in some of the toughest ever trading conditions. In the first quarter of our new financial year group sales have grown by 10.1%. This growth is driven by all four elements of our strategy, the core UK, international expansion, our move into non-foods, and following the customer into new areas of spending such as services and the internet. Total UK sales for the 12 weeks ending 20 May 2000 were up 7.1%, like-for-like sales were up by 3.7% driven by a strong sales volume of 3.9%. We continue to see deflation in our core business resulting from our significantprice cuts."
3
24th JULY 2000
 TESCO CCF Charterhouse gave a glowing appraisal of its long-term growth prospects. Rating the stock a "long term buy", CCF's food retail team of Clive Black, Andrew Marsh and Darren Shirley set a 2000 stock price target of £2.50 and cast by the end of 2005 it could be worth more than £4.00. The company remains a key holding as part of any retail portfolio. It is believed sustained revenue and earnings growth will be underpinned by international expansion, increased non-food sales and growing domestic market shares.
4
5th Sep 2000
 Tesco:- Large block sale of 500,000 shares @ 216.50p. Transaction value £1,082,500.
5
19 Sep 2000
 RNS news: Interim Results show imcreased growth:- - GROUP SALES #10.1bn, UP 10.7% - UNDERLYING GROUP PROFIT BEFORE TAX* UP 10.2% to #422m - ADJUSTED DILUTED EPS* UP 10.1% TO 4.48p - DIVIDEND PER SHARE UP 10.4% TO 1.48p - UK SALES UP 7.5 % TO #8.9bn INCLUDING LIKE-FOR-LIKE GROWTH OF 3.9% - INTERNATIONAL SALES UP STRONGLY: - Total International sales up 42% to #1,176m - Sales from rest of Europe up 27% to #806m - Sales in Asia up 90% to #370m - 20,000 JOBS TO BE CREATED WORLD-WIDE THIS YEAR The results make very good reading. Dividend:- DIVIDEND AMOUNT 1.48p PERIOD 24 Weeks ended 12-08-00 PROVISIONAL EX DATE 25-09-00 RECORD DATE 29-09-00 PAYMENT DATE 01-12-00 ---------------------------------------------------------------------------
6
14th Oct 2000
 FT: TESCO Directors Dealings: 100K SOLD by 1 director for £245K
7
18 DEC 2000
 18/12/00 06:58 GMT Marks & Spencer reportedly targets the convenience store sector LONDON (AFX) - Marks & Spencer PLC is to open new format convenience stores in a bid to win market share from Tesco PLC's Tesco Metro stores and J Sainsbury PLC's Sainsbury's Local, the Daily Telegraph reported, without citing sources. The retail company, which has been hit by falling sales at its larger high street outlets, will open trial shops in Twickenham and Surbiton in south west London in May. If the pilot is successful, the UK's biggest clothing retailer could open a chain of 100 or more stores to attack the 36 bln stg convenience market, the report said.
8
12 Feb 2001
 12/2/01 00:01 GMT UK Grocers set to conquer 16.4 pct of non-food market by 2005 -- report LONDON (AFX) - Specialist retailers are facing a "full-scale war" as supermarkets get ready to grab an even larger stake of the non-food market, according to a report by retail consultancy Verdict. Verdict estimates the likes of Tesco PLC, Asda and Safeway PLC will increase their non-food market share to 22.5 bln stg or 16.4 pct by 2005 from last year's 14.5 bln stg -- 13.2 pct. Non-food goods, for example clothing, electric appliances, health and beauty products, homewares, music and videos, are seen as, "offering great potential sales growth," by the big grocers, the report states. "The effect on specialist retailers in all these markets will be dramatic," the report argues. It says that non-food products have already played a disproportionately important part in driving big supermarkets' growth, before adding, "it will be increasingly difficult for a grocery retailer to drive market share growth without a non-food offer." The report estimates grocers will increase their market share of health and beauty products to 49 pct by 2005 from 44 pct, while their share of clothing retailing will by the same date grow by an estimated 3.1 percentage points to 7.8 pct from 4.7 pct. The electric goods sector will prove more difficult for the grocers to crack, the report said, but added supermarket groups' overall share is envisaged to climb to 4.8 pct from 3 pct in the next five years. Grocers will be able to capitalise on their "high footfall" and "consumers' growing propensity to one-stop shop", the report added.
9
19 Feb 2001
 19/2/01 07:23 GMT Tesco confident will report FY results in line with current forecasts LONDON (AFX) - Tesco PLC said it is confident that its full year results, to be announced April 10, will meet current forecasts. The group said it is to hold pre-close season analyst meetings on Feb 24.