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Tesco PLC

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  • 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.

  • Tesco mistake 'very serious': Accountant Tuesday, 23 Sep 2014 | 2:15 AM ET
    Tesco mistake 'very serious': Accountant

    Michael Izza, CEO of the Institute of Chartered Accountants, says the accounting mistake by Tesco is "very serious".

  • Tesco in 'really tricky situation': Pro Monday, 22 Sep 2014 | 11:00 AM ET
    Tesco in 'really tricky situation': Pro

    Bruno Monteyne, senior analyst at Bernstein, says Tesco's accounting error was not a big surprise and that the group is in a "really tricky situation".

  • Tesco investigating profit overstatement Monday, 22 Sep 2014 | 4:35 AM ET
    Tesco investigating profit overstatement

    Tesco's stock price fell to its lowest level since 2003 after the group announced it had launched an investigation into a misstated profit, CNBC's Catherine Boyle reports.

  • Tesco profit probe 'clearing of the decks': Pro Monday, 22 Sep 2014 | 3:00 AM ET
    Tesco profit probe 'clearing of the decks': Pro

    Ewen Cameron Watt, chief investment strategist at BlackRock Investment Institute, says that the Tesco announcement that it has overstated its half-year profits could be the start of a clean-up of the business as new management steps in.

  • Will China Resources benefit from Tesco venture? Friday, 22 Aug 2014 | 12:34 AM ET
    Will China Resources benefit from Tesco venture?

    While the venture with Tesco will weigh on its profits in the near term, China Resources Enterprise will gain expertise from the partnership, says Charles Yan, Head of Greater China Consumer Research at Standard Chartered Bank.

  • Tesco's strategy 'still the same': Pro Friday, 27 Jun 2014 | 4:40 AM ET
    Tesco's strategy 'still the same': Pro

    Bruno Monteyne, senior analyst for European food retail at Sanford C. Bernstein, says Tesco's management is not dealing well with a changing U.K. food retail environment.

  • Tesco has 'issues', be patient: Shareholder Friday, 27 Jun 2014 | 1:15 AM ET
    Tesco has 'issues', be patient: Shareholder

    David Herro, chief investment officer at Harris Associates and one of the biggest shareholders in Tesco, says the supermarket chain has "issues" but is a "turnaround" story.

  • Tesco reports steep sales fall, blames price cuts Wednesday, 4 Jun 2014 | 12:13 PM ET

    U.K. supermarket chain Tesco on Wednesday reported a sharp fall in first-quarter sales, hurt by price cuts and subdued consumer spending.

  • 'More pain to come' for Morrisons: Pro Thursday, 8 May 2014 | 7:03 AM ET
    'More pain to come' for Morrisons: Pro

    Bruno Monteyne, senior European food retail analyst at Sanford C. Bernstein, says there will be no major improvement from Morrisons after it posted very weak results.

  • Tesco has 'a lot more to do': Pro Wednesday, 16 Apr 2014 | 4:35 AM ET
    Tesco has 'a lot more to do': Pro

    David Gray, retail analyst at Planet Retail, says Tesco faces "fairly big" problems and need to focus on getting its food offering right, innovate and tighten margins on core products.

  • Supermarket wars: Is Morrisons losing out? Thursday, 13 Mar 2014 | 3:45 AM ET
    Supermarket wars: Is Morrisons losing out?

    The U.K.'s supermarket battleground is heating up as the biggest companies are looking to invest and grab customers.

  • Tesco: Is it really going wrong? Tuesday, 25 Feb 2014 | 11:45 AM ET
    Tesco: Is it really going wrong?

    Paul Kavanagh, senior market strategist at Killik & Co., discusses Tesco following the supermarket chain's results, and says the it is doing "most of the positive things quite well", including its online offering.

  • Bet on cyclical rally in Europe: Pro Thursday, 9 Jan 2014 | 1:36 PM ET

    "We think that Europe has turned the corner," Deutsche Bank Asset Management's Randy Brown says.