Blog: Bemusement 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.
The BBC turned to just-food today for insight on the price dispute between Tesco and Unilever....
Just weeks after buying UK turkey processor Bernard Matthews from administration, food tycoon Ranjit Boparan has struck a similar deal....
Shares in Tyson Foods slumped on Friday, closing down almost 9% after an analyst claimed a lawsuit facing the company could hit the US meat titan....
- Price an underlying tension across European FMCG
- Danone's Q3 sales - what the analysts say
- Interview: UK trade body on Brexit's policy impact
- Interview: UK trade body on the impact of Brexit
- It won't just be Unilever to push for Brexit hikes
- Nestle lowers outlook on "softer environment"
- UK announces "action plan" to drive food exports
- Kraft Heinz: Innovation more important than ever
- Online snack seller Graze makes US retail debut
- Abbott sees international nutrition sales fall
- The Big 15: Strategies and Priorities of Top Packaged Food Players in Comparison
- Omega-3 in Food and Beverage:Time for a Reboot?
- Global Food Packaging: Innovating for Greater Convenience and Quality Image
- Packaged Food: Quarterly Statement Q3 2016
- Constellation Brands, Inc. (STZ) - Financial and Strategic SWOT Analysis Review