Tesco PLC

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  • 166.03p
  • 2.75p (1.68%)

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Tesco share price: Group scraps 5p shopping bags

Tesco share price: Group scraps 5p shopping bags

Move follows successful 10-week trial in Aberdeen

2 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.

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