Tesco is changing the way it displays its Clubcard deals after complaints they are misleading and confusing. Unit pricing will now be rolled out across all its Clubcard price labels, said the grocery chain, allowing customers to compare different-sized items to get the best deal.  Critics said that currently, it is hard for shoppers to know if they are getting a good deal or not but with unit pricing text is added underneath the selling price to enable brands and sizes to be compared. Tesco UK CEO Jason Tar ...

Investors with an interest in Retail - Supermarkets stocks have likely encountered both Tesco PLC (TSCDY) and Walmart (WMT) . But which of these two stocks offers value investors a better bang for their buck right now? We'll need to take a closer look.There are plenty of strategies for discovering value stocks, but we have found that pairing a strong Zacks Rank with an impressive grade in the Value category of our Style Scores system produces the best returns. The Zacks Rank favors stocks with strong earnin ...

Tesco's banking sale is the latest sign UK food retailers are shifting their focus back to the 'bread and butter' of their core business. Russ Mould at AJ Bell said: "We’re in an era where companies are going back to basics – focusing on what they do best and letting non-core operations either be outsourced or sold." Tesco Chief executive Ken Murphy said the transaction will significantly reduce its financial liabilities, and strengthen the balance sheet and allow "us to focus on continuing to grow our core ...

Tesco PLC (LSE:TSCO) has sold the majority of its banking operations to Barclays PLC (LSE:BARC) for up to £700 million after striking a long-term strategic partnership. Tesco will receive an initial £600 million of proceeds, with a further £100 million net cash after settlement of regulatory capital amounts and after transaction costs. The UK’s biggest food retailer said the majority of the proceeds would be returned to shareholders in the form of an incremental share buyback. Combined with the previously a ...

Tesco on Friday said it was selling the retailing banking business of Tesco Bank to Barclays for £600 million initially, and then another £100 million after the settlement of certain regulatory capital amounts and after transaction costs. The U.K. supermarket chain said it will use majority of a combined £1 billion, which also includes a special dividend previously announced from Tesco Bank, for a share buyback. It will retain insurance, ATMs, travel money and gift cards, that on a proforma basis accoun ...

Tesco PLC (LSE:TSCO) is the top pick in European Retail in a wide-ranging note by Morgan Stanley. J Sainsbury also gets an upgrade but there are downgrades for H&M, AB Foods and Kingfisher. The investment bank said its thesis for the year ahead is simple.  As price inflation moderates across geographies, top-line growth will become increasingly reliant on volumes.  “We expect retailers who are in the sweet spot to be rewarded by the market, as volume-led top-line growth should command a higher multiple and ...

Investors looking for stocks in the Retail - Supermarkets sector might want to consider either Tesco PLC (TSCDY) or Walmart (WMT) . But which of these two stocks is more attractive to value investors? We'll need to take a closer look to find out.Everyone has their own methods for finding great value opportunities, but our model includes pairing an impressive grade in the Value category of our Style Scores system with a strong Zacks Rank. The proven Zacks Rank emphasizes companies with positive estimate revi ...

Dave Lewis, the former Tesco PLC (LSE:TSCO) boss, has joined Morrisons’ private equity owner as an advisor, in a bid for the supermarket to regain its lost market share. Clayton, Dubilier & Rice (CD&R) has hired the veteran retail boss to improve its retail and consumer offering, with Lewis commanding a strong reputation following his turnaround job at Tesco. “I believe his knowledge and experience, built up over three decades, will be of great value to CD&R funds as we consider new investments and continue ...

Tensions in the Red Sea have continued to escalate with reports that an oil tanker embroiled in a dispute between the US and Iran has been seized off the coast of Oman. According to reports from UK maritime authorities the raid was carried out by individuals in military-style uniforms. The seizure comes as threats to shipping in the Middle East are already at the highest level in decades with the Royal Navy's HMS Diamond already shooting down drones aimed at tankers as part of a US-led Western naval fleet s ...

Tesco PLC (LSE:TSCO) said it was upgrading its earnings forecast following a strong third quarter that included a bumper performance over the key Christmas period. The supermarket giant said operating profit for the 12 months would now be in the order of £2.75bn compared with previous guidance of £2.6-£2.7bn. Free cash flow generation is predicted to be a very healthy £2bn, while profits fro its banking operation will be in the £130-£160m range.  For the key six weeks ahead of the festive season, underlying ...