Tesco (TSCO)

Sector:

Food Pharmacy Retail

Index:

FTSE 100

311.70p
   
  • Change Today:
      1.50p
  • 52 Week High: 313.17
  • 52 Week Low: 245.40
  • Currency: UK Pounds
  • Shares Issued: 7,039m
  • Volume: 10,747,941
  • Market Cap: £21,940m
  • RiskGrade: 107

Tesco strike threat recedes after improved offer

By Sean Farrell

Date: Wednesday 08 Dec 2021

LONDON (ShareCast) - (Sharecast News) - A strike that could have left Tesco shelves empty over Christmas appears to have been averted after the supermarket chain made an improved offer to its distribution workers.
More than 1,000 members of the Unite union had planned to strike after Tesco offered them a below-inflation pay increase of 4%. The strike would have left stores short of products during Tesco's peak trading period, the union warned.

Unite said on Wednesday that its threat had prompted fresh talks resulting in a 5.5% increase backdated to July with an extra 0.5% from February. The workers are based in Antrim and Belfast in Northern Ireland and Didcot and Doncaster in England.

Tesco has also agreed to a "formal dialogue" to create a single pay scale for all the work carried out at the distribution centres and workers in Doncaster and Belfast will have improved terms, Unite said. Members will vote on the deal, which the union has recommended.

Unite national officer Adrian Jones said: "From the beginning of this dispute Unite has been clear that Tesco could afford to make a more generous offer and that has proved to be the case. It is now up to Unite's members to decide if the proposed deal meets their expectations."

Tesco still faces potential strikes by Unite members at a distribution centre in Livingstone, Scotland, and warehouse workers who are members of the Usdaw shopworkers' union. Talks about these disputes will be held in the next few days, Unite said.

Email this article to a friend

or share it with one of these popular networks:


Note 1: Prices and trades are provided by Digital Look Corporate Solutions and are delayed by at least 15 minutes.

Note 2: RiskGrade figures are provided by RiskMetrics.

 

Tesco Market Data

Currency UK Pounds
Share Price 311.70p
Change Today 1.50p
% Change 0.48 %
52 Week High 313.17
52 Week Low 245.40
Volume 10,747,941
Shares Issued 7,039m
Market Cap £21,940m
RiskGrade 107

Tesco Star Ratings

Compare performance with the sector and the market.
more star ratings
Key: vs Market vs Sector
Value
55.01% below the market average55.01% below the market average55.01% below the market average55.01% below the market average55.01% below the market average
7.69% below the sector average7.69% below the sector average7.69% below the sector average7.69% below the sector average7.69% below the sector average
Price Trend
56.44% above the market average56.44% above the market average56.44% above the market average56.44% above the market average56.44% above the market average
53.85% above the sector average53.85% above the sector average53.85% above the sector average53.85% above the sector average53.85% above the sector average
Income
37.77% above the market average37.77% above the market average37.77% above the market average37.77% above the market average37.77% above the market average
55.56% above the sector average55.56% above the sector average55.56% above the sector average55.56% above the sector average55.56% above the sector average
Growth
29.58% above the market average29.58% above the market average29.58% above the market average29.58% above the market average29.58% above the market average
69.23% above the sector average69.23% above the sector average69.23% above the sector average69.23% above the sector average69.23% above the sector average

What The Brokers Say

Strong Buy 5
Buy 7
Neutral 1
Sell 0
Strong Sell 0
Total 13
buy
Broker recommendations should not be taken as investment advice, and are provided by the authorised brokers listed on this page.

Tesco Dividends

  Latest Previous
  Final Interim
Ex-Div 16-May-24 12-Oct-23
Paid 28-Jun-24 24-Nov-23
Amount 8.25p 3.85p

Trades for 10-May-2024

Time Volume / Share Price
16:35 5,848,281 @ 311.70p
16:35 11 @ 311.70p
16:35 8,646 @ 311.70p
16:35 8,657 @ 311.70p
16:35 8,655 @ 311.70p

Tesco Key Personnel

CEO Ken Murphy
CFO Imran Nawaz
Chair Gerard Murphy

Top of Page