What the analysts say: City view of Tesco FY and turnaround plan
Tesco today (18 April) said that it would spend GBP1bn (US$1.55bn) in a bid to revitalise its domestic business as it confirmed that full-year like-for-like sales and profits in the UK have dropped. Nevertheless, a strong international performance enabled the UK's largest retailer to book a 1.6% increase in pre-tax profit. While the disappointing UK performance held no surprises, details on the turnaround plan have been broadly welcomed by the market.
Get full access to all content, just $1 for 30 days
A Message From The Editor
just-food gives you the widest food market coverage.
Paid just-food members have unlimited access to all our exclusive content - including 15 years of archives.
I am so confident you will love complete access to our content that today I can offer you 30 days access for $1.
It’s our best ever membership offer – just for you.
Dean Best, editor of just-food
- Why Heinz-Kraft merger could herald more deals
- The challenges awaiting ConAgra's new CEO
- Focus: Can Mars gain share in Indian chocolate?
- Analysis: Is Heinz, Kraft merger "a growth story"?
- Interview: FrieslandCampina eyes Gulf expansion
- Mondelez coy on Philadelphia sale rumours
- Fatal explosion at French desserts firm Senagral
- Aryzta buys 49% of French retailer Picard
- Infographic: Heinz, Kraft unveil combined business
- Buffett: Kraft Heinz to withstand health focus