Tesco PLC (TSCDY) Upgraded to Strong Buy: What Does It Mean for the Stock?

Tesco PLC (TSCDY) has been upgraded to a Zacks Rank #1 (Strong Buy), reflecting growing optimism about the company's earnings prospects. This might drive the stock higher in the near term.

Tesco to report “another impressive year” – broker

Tesco PLC (LSE:TSCO) is expected to report “another impressive year” of trading after analysts predicted underlying profits would come in ahead of guidance. Jefferies said it reckons Tesco will rep...

Britain's Tesco to raise store workers pay to 12.02 pounds an hour

Tesco , Britain's biggest retailer, said on Tuesday it will from April increase the hourly pay rate for store workers from 11.02 pounds ($13.98) to 12.02 pounds, in a move that reflects the rise in...

Should Value Investors Buy Tesco (TSCDY) Stock?

Here at Zacks, our focus is on the proven Zacks Rank system, which emphasizes earnings estimates and estimate revisions to find great stocks. Nevertheless, we are always paying attention to the lat...

Tesco changes Clubcard pricing displays after watchdog probe

Tesco is changing the way it displays its Clubcard deals after complaints they are misleading and confusing. Unit pricing will now be rolled out across all its Clubcard price labels, said the groce...

Tesco's banking sale shows shift back to basics

Tesco's banking sale is the latest sign UK food retailers are shifting their focus back to the 'bread and butter' of their core business. Russ Mould at AJ Bell said: "We're in an era where companie...

Barclays Acquires Tesco's Banking Operations

Barclays has agreed to buy Tesco's retail banking branch for a consideration of around $760 million.

Tesco to ramp up buyback after striking banking deal with Barclays

Tesco PLC (LSE:TSCO) has sold the majority of its banking operations to Barclays PLC (LSE:BARC) for up to £700 million after striking a long-term strategic partnership. Tesco will receive an initia...

Barclays to buy retail banking arm of supermarket chain Tesco for £600 million

Tesco on Friday said it was selling the retailing banking business of Tesco Bank to Barclays for £600 million initially, and then another £100 million after the settlement of certain regulatory cap...

Tesco to sell banking operations to Barclays for up to 700 mln pounds

British supermarket group Tesco said on Friday it would sell its existing Tesco Banking operations to lender Barclays for up to 700 million pounds ($883.26 million).

Tesco top pick as US bank warms to European retail

Tesco PLC (LSE:TSCO) is the top pick in European Retail in a wide-ranging note by Morgan Stanley. J Sainsbury also gets an upgrade but there are downgrades for H&M, AB Foods and Kingfisher.

TSCDY vs. WMT: Which Stock Should Value Investors Buy Now?

Investors looking for stocks in the Retail - Supermarkets sector might want to consider either Tesco PLC (TSCDY) or Walmart (WMT). But which of these two stocks is more attractive to value investors?

Morrisons owner hires Tesco turnaround boss Dave Lewis

Dave Lewis, the former Tesco PLC (LSE:TSCO) boss, has joined Morrisons' private equity owner as an advisor, in a bid for the supermarket to regain its lost market share. Clayton, Dubilier & Rice (C...

Tesco latest to warn abut Red Sea disruption as tensions mount

Tensions in the Red Sea have continued to escalate with reports that an oil tanker that was embroiled in a dispute between the US and Iran has been seized off the coast of Oman. According to report...

Partying Britons boost Tesco and M&S at Christmas but cautious for new year

Britons splashed out on premium and party food at Tesco and Marks & Spencer over Christmas, prioritising treats at home over eating out, and favouring the biggest retailers for their festive spendi...


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