Tesco PLC

Tesco Plc engages in the retailing and retail banking. It operates through the following segments: UK and ROI, and Central Europe. The UK and ROI segment caters to the United Kingdom and Republic of Ireland. The Central Europe segment covers the Czech Republic, Hungary, Poland, and Slovakia. The company was founded by John Edward Cohen in 1919 and is headquartered in Welwyn Garden City, the United Kingdom.

Tesco PLC has announced a pilot with rapid-delivery startup Gorillas to trial the service on its customers. As of Thursday, Tesco products will be available to purchase on the Gorillas app and delivered to customers in a selected area.

Tesco to trial fast-delivery service Gorillas

Consumers were unable to order groceries or track deliveries in outage that started on Saturday

Tesco website and app back online after hack attempt

Tesco PLC got its online grocery system back up and running on Monday after it was taken out of action over most of the weekend due to a cyber attack. On Saturday website and app of Britain's largest supermarket group crashed, following what the company later said were attempts by unknown parties "to interfere with our systems".

Tesco back online after weekend cyber attack

British supermarket chain Tesco said on Sunday that its website and app had been disrupted by an attempt to interfere with its systems.

Tesco says online services disrupted by interference 'attempt'

Consumers unable to book or amend deliveries after ‘attempt made to interfere with systems'

Tesco website hit by hackers, leaving thousands of customers frustrated

The U.K.'s largest supermarket chain, Tesco, this week launched its first checkout-free store to the public in High Holborn, Central London as the battle for frictionless shopping ramps up.

Tesco GetGo Learns From Amazon To Debut London Shop-And-Go Store

Amazon's hold on the frictionless checkout space is weakening. On Monday (Oct. 18), Tesco, the largest grocery chain in the United Kingdom by market share and one of the top 10 grocery chains in the world by sales, announced plans to open its first checkout-free, computer vision-powered grocery store in the style of Amazon's “Just […]

Tesco Announces Frictionless Checkout Store as Brick-and-Mortar Grocers Tap Self-Service

Britain's biggest retailer Tesco will on Tuesday open its first checkout-free store in central London, allowing customers to shop and pay without scanning a product or interacting with a cashier.

Britain's Tesco opens checkout-free store in London

GetGo store uses weight sensors and skeleton outlines to track shoppers, who are billed when they leave

Tesco takes on Amazon Go with launch of ‘just walk out' store

Supermarket giant Tesco PLC has installed barriers in the alcohol section of one if its supermarkets in a trial aimed at cracking down on shoplifting. If the trial at the Tesco Extra branch in Sutton Coldfield, Birmingham is successful, the scheme could be rolled out to other stores, according to a report in the Sun newspaper.

Tesco trials security barriers for alcohol aisles to prevent shoplifting

Tesco PLC is performing well and looks likely to maintain its leadership of the sector, says Credit Suisse, which upped its share price target for the grocery chain.   The new target has been set at 306p (previously 283p) and the investment bank has maintained its ‘outperform' rating.

Tesco target hiked by Credit Suisse

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Tesco PLC shares reacted well to yesterday's update but there is “plenty of valuation upside from here”, according to long-time cheerleader, Jefferies. “What a difference four months make.

Tesco starting to win over the sceptics

Tesco PLC looks to be “investable again”, said analysts in the wake of its better than expected first-half results. Full-year forecasts have been upgraded, while investors are to be rewarded with £500mln share buyback.

Tesco investable again after ten long years, say analysts after bumper first half results that included £500mln share buyback

Tesco lifts FY guidance, launches $680 million share buyback

Tesco, Britain's biggest retailer, raised its full-year outlook as it reported a 16.6% rise in first-half core retail profit and increased sales despite labour and supply chain disruption and tough COVID-19 related comparisons a year ago.

Tesco raises full-year outlook after strong first half

Tesco PLC once made a hubristic attempt to conquer the USA but now there is growing speculation it could end up in US hands. After US private equity group Fortress was defeated by Clayton, Dubilier & Rice in its attempt to buy Wm Morrison Supermarkets last weekend, pundits are wondering whether Fortress will seek other targets in the UK's supermarket sector.

Tesco takeover is not out of the question but there are significant obstacles

Britain's biggest retailer Tesco plans to expand its use of a train service to bring goods from Spain into the country which helped it cut emissions and protect deliveries through a truck drivers' shortage, its CEO told Reuters.

Tesco lets UK-Spain train take the strain to counter trucker crisis

Supermarket group Tesco PLC and online shopping giant Amazom.com Inc. have warned the UK government that the shortage of lorry drivers could cause severe disruption to deliveries and even panic buying in the run-up to Christmas.

Tesco and Amazon warn lorry driver shortage could disrupt Christmas

Tesco will report 1H earnings next month which should show further strong performance. Sales of non-core assets produce excess cash to deleverage and return funds to shareholders.

Tesco: Strong And Stable

UK grocery giant Tesco has had an awful decade-plus as it had to adjust to the ultra-competitive domestic environment.

Tesco Still Faces Challenges But Current Valuation Is Not Too Demanding

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UK Value: Tesco - Every Little Bit Helps

Britain's biggest supermarket group Tesco launched a trial on Monday that allows customers to buy food, drink, household and beauty products in reusable packaging, part of its strategy to cut plastic waste.

Britain's Tesco joins refillable revolution with in-store trial

Tesco PLC is expected to report a “clearly positive” set of half-year results by Barclays next month, despite the company facing tough comparatives. The results cover the six months to the end of August, a period that last year encompassed that mercifully brief period when there was a spate of panic buying as the first lockdown started.

Tesco to report a "clearly positive" set of interims but will Christmas be cancelled?

Another day, another tale of food shortages in the UK, this time featuring lorry drivers working for Tesco PLC's cash-and-carry business, Booker. A dispute between the Unite union, which represents heavy goods vehicle (HGV) drivers, and Booker has been rumbling on for days and the two parties are still at loggerheads.

News for Tesco PLC Stock (TSCDY)