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Tesco PLC

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  • Tesco: On the way back up   Thursday, 8 Jan 2015 | 5:15 AM ET
    Tesco: On the way back up

    The recent scandals at Tesco do not reflect the overall business, and now we are seeing Tesco pick itself back up, says Bruno Monteyne, senior analyst of European food retail at Sanford Bernstein.

  • Tesco fights to revamp reputation   Thursday, 8 Jan 2015 | 4:15 AM ET
    Tesco fights to revamp reputation

    After last year's reputation hit, Tesco is focusing on improving customers' shopping experience and affordability, says Bryan Roberts, retail insights director at Kantar Retail.

  • Tesco has 'lost its way' on pricing: Pro   Thursday, 8 Jan 2015 | 2:00 AM ET
    Tesco has 'lost its way' on pricing: Pro

    Rahul Sharma, managing director at Neev Capital, says the slight improvement in Tesco's results might not be a trend. The supermarket reported that like-for-like sales, excluding fuel, fell 2.9 percent in the last 19 weeks.

  • Prices wars in UK Supermarkets   Wednesday, 7 Jan 2015 | 4:40 AM ET
    Prices wars in UK Supermarkets

    Sainsburys sales at Christmas did better than expected despite the bad press U.K. supermarkets have received recently. Richard Hunter, head of UK equities at Hargreaves Lansdown discusses the future landscape of UK supermarkets.

  • Microsoft is rushing to catch Amazon in the cloud Tuesday, 23 Dec 2014 | 11:32 AM ET
    A pedestrian walks past the Microsoft campus in Redmond, Wash.

    Microsoft won the software game by selling its Windows suite to the biggest companies. Scott Guthrie's job is to reach some of the smallest.

  • All of Buffett's bad bets add up to a big year Tuesday, 23 Dec 2014 | 8:00 AM ET
    Warren Buffett

    If you think Buffett has lost his touch—with IBM, Coke and Exxon bets all dogs—then why is Berkshire Hathaway crushing the S&P 500 in 2014?

  • Tesco troubles ahead   Tuesday, 9 Dec 2014 | 1:12 PM ET
    Tesco troubles ahead

    CNBC's Seema Mody has an update on the accounting scandal within the UK's biggest grocery chain.

  • Europe closes down 2% after oil hits $65   Tuesday, 9 Dec 2014 | 11:30 AM ET
    Europe closes down 2% after oil hits $65

    European shares closed sharply lower on Tuesday as a slide in the oil price and Chinese and U.S. equities weighed on investor sentiment.

  • No more shenanigans from Tesco?   Tuesday, 9 Dec 2014 | 11:15 AM ET
    No more shenanigans from Tesco?

    Tesco has issued another profit warning, but CEO Dave Lewis says he is "quietly optimistic". Bruno Monteyne, an analyst at Bernstein, discusses.

  • Tesco issues another profit warning   Monday, 8 Dec 2014 | 7:00 PM ET
    Tesco issues another profit warning

    Tesco's woeful year continued on Tuesday after the U.K. supermarket issued another profit warning saying that it did not expect full year profit to exceed £1.4 billion ($2.2 billion).

  • Black Friday blame? It's your own fault Monday, 1 Dec 2014 | 1:16 PM ET
    Shoppers outside Best Buy in Newport, New Jersey.

    Retailers including Best Buy and Cabela's experienced major glitches over the Black Friday shopping period.

  • Black Friday web sales 'biggest in history': Firm Saturday, 29 Nov 2014 | 11:30 AM ET
    Online shopping on tablet computer

    Internet sales were up 20.6 percent on Black Friday compared to 2013, making it "the biggest shopping day in U.S. history," Custora said Saturday.

  • Black Friday (literally): Best Buy site goes dark Saturday, 29 Nov 2014 | 8:02 AM ET
    Best Buy

    Best Buy's website was down on Friday morning, during one of the busiest shopping days of the year, and again in the evening.

  • Tesco's error was an easy mistake: Accountant   Thursday, 23 Oct 2014 | 11:45 AM ET
    Tesco¿s error was an easy mistake: Accountant

    Noel Tagoe, executive director at the Chartered Institute of Management Accountants (CIMA), says what happened at Tesco was an "easy" mistake, as it used historical data to overestimate volumes, which had been falling.

  • Tesco is a very important company for UK: CEO   Thursday, 23 Oct 2014 | 11:20 AM ET
    Tesco is a very important company for UK: CEO

    CEO of Kingfisher says Tesco is still a very important company for the UK and it can be turned around.

  • Tesco in 'huge turmoil': Pro   Thursday, 23 Oct 2014 | 4:30 AM ET
    Tesco in 'huge turmoil': Pro

    Stephen Springham, senior retail analyst at Planet Retail, says new Tesco CEO Dave Lewis has a "massive task ahead of him" to turn around the struggling U.K. supermarket.

  • Tesco profits crash as overstatement worsens   Thursday, 23 Oct 2014 | 2:00 AM ET
    Tesco profits crash as overstatement worsens

    Tesco reported pre-tax profit fell by 91.9 percent to £112 million in the first half of 2014, as it confirmed that previously profits had been overstated by £263 million, more than the £250 million originally estimated.

  • What to expect from Tesco H1 earnings release   Thursday, 23 Oct 2014 | 12:31 AM ET
    What to expect from Tesco H1 earnings release

    Matthew Stych, Research Director, Asia Pacific at Planet Retail, outlines his expectations for the earnings and explains why CEO Dave Lewis may more time to come up with a turnaround plan.

  • 'Underestimate Tesco at your peril': Pro   Tuesday, 7 Oct 2014 | 3:00 AM ET
    'Underestimate Tesco at your peril': Pro

    Jessica Ground, U.K. equities fund manager at Schroders, says Tesco still has a large market share and the stock has fallen to prices at which it is an attractive buy.

  • Warren Buffett: Tesco was a 'huge mistake'   Thursday, 2 Oct 2014 | 8:23 AM ET
    Warren Buffett: Tesco was a 'huge mistake by me'

    Even Warren Buffett can make mistakes. The 'Oracle of Omaha' told CNBC on Thursday that he made a big one by investing in British supermarket chain Tesco.