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 ...

About this content About Jessica Davies Jessica has spent 15 years covering private and public markets, business, law and investment in the transition to cleaner energy. She spent several years as an editor at Dow Jones, covering private equity and private markets, where she led the team that broke the news of alleged misuse of funds at Abraaj Group. During her time at the company, she sat on the Women @ Dow Jones committee. She also spent four years as an editor and journalist at Centaur Media PLC cove ...

About this content About Jessica Davies Jessica has spent 15 years covering private and public markets, business, law and investment in the transition to cleaner energy. She spent several years as an editor at Dow Jones, covering private equity and private markets, where she led the team that broke the news of alleged misuse of funds at Abraaj Group. During her time at the company, she sat on the Women @ Dow Jones committee. She also spent four years as an editor and journalist at Centaur Media PLC cove ...

Tesco PLC (OTCPK:TSCDF) Q2 2024 Earnings Conference Call October 4, 2023 4:00 AM ET Company Participants Ken Murphy - Group Chief Executive Imran Nawaz - Chief Financial Officer Conference Call Participants Andrew Gwynn - BNP Paribas Exane Clive Black - Shore Capital James Grzinic - Jefferies Izabel Dobreva - Morgan Stanley James Anstead - Barclays Sreedhar Mahamkali - UBS Nick Coulter - Citi Paul Rossington - HSBC Ken Murphy [Commercials] Good morning, everyone, and welcome. Imran and I are delighted to pr ...

Tesco PLC (OTCPK:TSCDF) Q4 2023 Earnings Conference Call April 13, 2023 4:00 AM ET Company Participants Ken Murphy - Group Chief Executive Imran Nawaz - CFO Conference Call Participants William Woods - Bernstein Andrew Gwynn - BNP Paribas Exane James Anstead - Barclays Clive Black - Shore Capital Markets Izabel Dobreva - Morgan Stanley Nick Coulter - Citigroup Sreedhar Mahamkali - UBS James Grzinic - Jefferies Paul Rossington - HSBC Ken Murphy Good morning, everyone, and welcome to our Preliminary Results P ...

Preliminary Results 2022/23 | --- | --- | --- | --- | --- | |----------------------------------------------------------|-----------------------------|------------|-------------------------------------------------|---------------------------| | INVESTING FOR CUSTOMERS \nPerformance highlights 1,2 : | AND DELIVERING \nFY 22/23 | \nFY 21/22 | A STRONG PERFORMANCE. \nChange at actual rates | Change at constant rates | | Group sales (exc. VAT, exc. fuel) 3 | £57,656m | £54,768m | 5.3% | 5.3% | | Adjusted operati ...