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Tesco PLC (TSCO.L)

TSCO.L on London Stock Exchange

224.40GBp
14 Jun 2019
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224.40
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19,633,698
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266.80
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Thu, Jun 13 2019

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Tesco warns October Brexit much more problematic than March

LONDON Tesco, Britain's biggest retailer, has warned that getting ready for a possible disorderly no-deal Brexit in October would be far more problematic than preparations it made for the original planned departure date in March.

Tesco warns October Brexit much more problematic than March

LONDON, June 13 Tesco, Britain's biggest retailer, has warned that getting ready for a possible disorderly no-deal Brexit in October would be far more problematic than preparations it made for the original planned departure date in March.

Tesco CEO not ready to check out in tough UK retail climate

LONDON The boss of Tesco said he had unfinished business at Britain's biggest retailer after its quarterly sales growth slowed in a subdued grocery market under a cloud from poor early summer weather.

UPDATE 3-Tesco CEO not ready to check out in tough UK retail climate

* Shares recover early losses, up 0.9% at 0955 GMT (Adds detail, CEO comment, updates shares)

Tesco's UK sales growth slows in latest quarter

LONDON, June 13 Tesco, Britain's biggest retailer, said underlying sales growth slowed in its latest quarter, partly reflecting a tough comparative number in the same period last year.

Britain's Tesco to raise store staff wages by 10.45% over two years

LONDON, June 10 Tesco, Britain's biggest retailer, said on Monday it will implement a 10.45% pay rise for store and distribution centre staff by October 2020, though they will lose an annual bonus.

UPDATE 3-UK's Tesco to sell $4.7 bln mortgage book as competition bites

* More lenders could quit mortage market -Fitch (Adds Fitch comment)

Britain's Tesco to stop mortgage lending at bank unit

LONDON, May 21 Britain's biggest supermarket chain Tesco plc said its banking unit will stop mortgage lending, amid cut-throat competition and tough market conditions that have pressured profits for lenders across the sector.

Tesco says new accounting standard would have increased 2018-19 operating profit

LONDON, April 29 Tesco, Britain's biggest retailer, said on Monday a new accounting standard related to the treatment of leases would have increased its operating profit and margin in the last financial year, while decreasing pretax profit and earnings per share.

Tesco profits jump as Britons keep spending despite 'Brexit fatigue'

LONDON Britons have carried on spending despite their "Brexit fatigue," Tesco said on Wednesday, as a forecast-beating rise in profits confirmed a turnaround at Britain's biggest retailer. | Video

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