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Tesco PLC

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  • 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.

  • Christmas trade: Battle of the Retailers   Thursday, 9 Jan 2014 | 2:56 AM ET
    Christmas trade: Battle of the Retailers

    Christmas is the busiest time of year for most retailers, but which British stores had the best performance?

  • Wal-Mart recalls donkey product in China Thursday, 2 Jan 2014 | 12:55 AM ET
    A Wal-Mart store in the Shekou district of Shenzhen, China.

    Wal-Mart Stores has recalled donkey meat sold at some outlets in China after tests showed the product contained the DNA of other animals.

  • Wal-Mart bails on India, a sign of things to come? Friday, 11 Oct 2013 | 6:35 AM ET
    Walmart Storefront

    Walmart's decision to end a joint venture with Bharti Enterprises could force other global retailers to re-think their expansion plans into India.

  • Tesco, BSkyB and Sports Direct among top stock picks: Pro

    Russ Mould, investment research director at AJ Bell, says that Tesco, BSkyB and Sports Direct are among his top stock picks.

  • Tesco gearing up for 'destination shopping'   Friday, 9 Aug 2013 | 11:45 AM ET
    Tesco gearing up for 'destination shopping'

    Richard Perks, director of retail research at Mintel International, talks about Tesco's new supermarkets and how they are gearing up for a trend towards out-of-town shopping.

  • What's in Store for Tesco?   Tuesday, 4 Jun 2013 | 11:40 AM ET
    What's in Store for Tesco?

    Richard Perks, director of retail research at Mintel International, says Tesco has been doing "all the right things", but these measures won't have paid off yet, due to the horse meat scandal.

  • Go Long on Tesco: Pro   Thursday, 9 May 2013 | 11:20 AM ET
    Go Long on Tesco: Pro

    Joe Rundle, head of trading at ETX Capital, talks about the U.K.'s supermarket business, and advises going long on Tesco, due to its restructuring program.