Blog: Dean BestBemusement at investor concern over Tesco

Dean Best | 21 April 2010

'Every little helps' say the ads. Tesco boss Terry Leahy does not tend to give too much away but, yesterday (20 April), as the UK retail giant published its annual results, he gave a few nuggets to the assembled press.

The Tesco chief executive insisted the retailer's core UK food business was "back in the lead", insisted the company would continue to open more stores in the US - and was pretty forthright about arch-rival Asda's plans to expand in non-food.

Analysts gave the numbers a cautious welcome but insisted they had a number of caveats about the results.

Looking at the bigger picture, however, investors need to feel more confident about the breadth of Tesco's business at home and abroad. Yesterday, Tesco's shares were the biggest fallers on the London FTSE.


BLOG

We wish you a merry Christmas

Today (23 December) is just-food's last day before closing for Christmas. We'll return, raring to go on Tuesday 3 January - but of course there's been plenty of top-notch content that has gone live in...

BLOG

UK food associations come together on Brexit

The plethora of food manufacturing associations in the UK has been argued by some to be an impediment to the industry coming to a coherent position on the aftermath of Brexit and on what the sector sh...

BLOG

Amazon cools talk of plans for wave of grocery stores

An update on Amazon's plans for the grocery sector. The usually reticent retailer has this week poured cold water on claims it has plans for 2,000 physical grocery stores....

just-food homepage



Forgot your password?