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 (LON: TSCO) said on Friday that its underlying sales in the United Kingdom came in 8.7% higher in the first quarter. The rising costs attributed to the Coronavirus lockdown, however, saw Britain’s largest retailer signalling a flat profit outlook for the upcoming months.

Tesco reports an 8.7% increase in Q1 underlying sales amidst the Coronavirus pandemic

Tesco (LON: TSCO) announced on Thursday that it has finalised an agreement to sell its business in Poland for roughly £181 million. Following the completion of the transaction, the British supermarket group will have its operations in central Europe primarily confined to Slovakia, Hungary, and the Czech Republic.

Tesco sells its Polish business to Salling Group for £181 million

In an announcement on Tuesday, Tesco (LON: TSCO) revealed its Chief Financial Officer Alan Stewart’s plans of retiring in April 2021. Stewart’s credentials include his central role in guiding the largest British retailer out of a massive accounting scandal that originated in 2014.

Tesco says its CFO Alan Stewart will retire next year in April

In the annual modern slavery statement, Tesco (LON: TSCO) said that it found evidence of abuse against migrant employees at its distribution centres and stores located in Thailand and Malaysia. Tesco conducted interviews with 187 foreign workers in Thailand and 168 in Malaysia.

Tesco finds evidence of abuse against migrant workers in Malaysia and Thailand

U.K.-based multinational groceries chain Tesco PLC  has found abuses against migrant workers at its stores and distribution centres in Malaysia and Thailand, it said in its annual modern slavery statement.

British grocer Tesco's slavery review reports abuses in Malaysia

Tesco today announced group operating profit before exceptional items was up 13.5% to £2.9 billion for the fifty two weeks to February 29 2020, U. K. sales for the same period were up 0.1%.

Tesco Profits Soar As Costs Rise

Tesco  has defended its decision to pay investors a 635 million pound ($782 million) dividend while accepting business tax relief from the British government aimed at helping distressed retailers through the coronavirus crisis.

Tesco defends dividend payout as warns coronavirus costs could top $1 billion

In its statement on Wednesday, UK’s largest retailer, Tesco PLC (LON:TSCO), said that it expects a massive £650 million to £925 million hit due to the ongoing Coronavirus pandemic. The retailer also said that the rising uncertainty ascribed to the health crisis makes it impossible for the company to give meaningful profit guidance for fiscal 2020.

Tesco estimates an up to £925 million hit due to the Coronavirus pandemic

Britain's biggest retailer Tesco  expects to take a hit of up to 925 million pounds ($1.1 billion) from the costs of dealing with the coronavirus pandemic and warned it was unable to give a profit forecast for this financial year.

Britain's Tesco says coronavirus costs could reach $1.1 billion

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Britain's biggest retailer Tesco  said on Tuesday it had recruited 35,000 additional workers in the last 10 days to help get it through the coronavirus emergency, which has triggered a dramatic increase in demand for groceries.

Britain's Tesco recruits 35,000 workers to get through coronavirus crisis

Britain's biggest supermarket group Tesco will limit the number of items customers can order in an online shop to 80 during the coronavirus emergency, it said on Friday.

Britain's Tesco limits online shop to 80 items during coronavirus crisis

Britain's biggest supermarket Tesco  does not expect to see anything more than short-term shortages of certain products as customers stockpile over coronavirus, its chairmain said on Thursday.

Tesco does not expect more than short-term shortages over coronavirus

Tesco  plans to return $6.6 billion to shareholders after agreeing to sell its supermarket businesses in Thailand and Malaysia to Charoen Pokphand Group as part of plans to refocus on Britain.

Tesco plans $6.6 billion shareholder return from Asia disposals

CP Group's $10 billion deal to buy Tesco PLC's  2,000 Thai retail outlets marks the end of a three-way tycoon tussle - and the beginning of the first engagement for Thailand's newly powerful antitrust watchdog.

CP Group's $10 billion Tesco deal to test mettle of Thailand's new antitrust watchdog

The Queen has managed without it for years, but for most of us, carrying cash is still a necessary part of everyday life.

Does Tesco Risk Marginalising The Elderly And Vulnerable With The Opening Of First Cashless Store?

British retailer Tesco  has asked bidders to submit binding offers for its Asian business by Friday, in a deal that will see Thai billionaires fight for an asset valued at up to $9 billion, sources with direct knowledge of the matter said.

Thai tycoons in fray as Tesco sets bid deadline for $9 billion Asia business: sources

Britain's biggest retailer Tesco  has completed its exit from China with the 275 million pound ($357 million) sale of its joint venture stake to state-run partner China Resources Holdings (CRH).

Tesco completes China exit with $357 million stake sale

Britain's biggest retailer Tesco  has completed its exit from China with the sale of a 20% stake in a joint venture to a unit of its state-run partner China Resources Holdings (CRH), raising 275 million pounds ($357 million).

Tesco completes China exit with joint venture stake sale

Tesco , Britain's biggest retailer, unlawfully stopped major supermarket rivals from opening shops near its stores, the country's competition regulator said on Friday.

UK regulator raps Tesco for unlawfully preventing rival store openings

Tesco unlawfully stopped rivals from opening stores: UK regulator

Tesco: Sale Of Asian Assets To Unlock Significant Upside

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A Chinese printing company has denied allegations that it forced prisoners to pack Christmas cards that were sold by British retailer Tesco.

Tesco's Chinese Christmas card maker denies using forced prison labor

British supermarket giant Tesco plc (OTC: TSCDY) on Sunday said that it had suspended a Chinese supplier of Christmas cards after a secretive letter in one of the cards alleged forced labor.

News for Tesco PLC Stock (TSCDY)