Tesco share price steady as group offloads opticians business
Supermarket looks to simplify operations
Bestway director argues tie-up will put ‘enormous amount of pressure’ on convenience stores
Grocer posts rise in operating profits and sales as recovery continues
UK like-for-like sales up 0.9%
Tesco share price: Judge approves grocer’s deal with SFO
Move comes ahead of group’s full-year results3 weeks ago
Tesco share price: Analysts flag full-year profit rise
Deutsche Bank warns of disappointment in international business3 weeks ago
Tesco share price: City fund manager backs deal with Booker
Blue-chip grocer plans to axe some night shifts3 weeks ago
Tesco share price: Nisa boss warns of Booker deal consequences
Comments seen as significant with takeover pending regulatory approval3 weeks ago
Tesco share price: Grocer’s sales and market share dip
Supermarket continues to see growth in own-label farm brands4 weeks ago
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Tesco share price: Group faces hefty fine as SFO deal nears
Grocer said to be close to agreeing deal with prosecutors over accounting scandal5 weeks ago
Tesco share price: Grocer fined £129m for accounting scandal
Company reaches deferred prosecution settlement with SFO5 weeks ago
Tesco share price: Grocer’s boss defends Booker deal
Comments follow investor warnings over £3.7-billion tie-up4 weeks ago
Tesco share price: HSBC expects fine to draw line under accounting scandal
Analysts positive on Booker takeover despite investor concerns4 weeks ago
Tesco share price: Influential shareholder group flags Booker deal concerns
Hermes Fund Managers says deal could trigger backlash against grocer4 weeks ago
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About Tesco PLC
Tesco PLC, headquartered in Cheshunt, Hertfordshire, England, is the UK's largest grocery and general merchandise retailer with operations in the United Kingdom, the Czech Republic, Hungary, Poland, the Republic of Ireland, Slovakia, Turkey, China, Japan, Malaysia, South Korea, Thailand and the United States.
Over the years the company has diversified its offering to provide books, clothing, electronics, furniture, petrol, software, DVD rental, music downloads, telecoms and internet services. Tesco's stores also provide services such as optician, pharmacy, phone shop or customer restaurant. The company's subsidiary, Tesco Personal Finance, provides retail banking and insurance services.
In September 2012 Tesco acquired e-book platform Mobcast and in March 2013 it acquired restaurant group Giraffe. Through the Click&Collect component of its multi-channel offering, available at 45 stores, Tesco offers its customers the opportunity to choose among products from over 770 stores, close to where they live and work, to be ready-bagged for pick-up.
The company was founded in 1919 by Jack Cohen as a group of market stalls, while the first Tesco store opened in 1929 in the London suburb of Burnt Oak, Middlesex. The business has expanded rapidly to employ at present around 530,000 people across the globe.
Tesco has been listed on the London Stock Exchange since 1947 and is a constituent of the FTSE 100 Index. The company has a secondary listing on the NASDAQ.