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

Just Eat strikes grocery deal with Tesco's One Stop chain

By Josh White

Date: Wednesday 22 Dec 2021

LONDON (ShareCast) - (Sharecast News) - Just Eat Takeaway strengthened its position in the UK groceries-on-demand space on Wednesday, striking a deal with the Tesco-owned convenience brand One Stop.
The London-listed food delivery platform was launching the partnership at around 40 shops across the UK, City AM reported, with a list of about 500 grocery essentials set to be offered.

It came just over a week after Just Eat confirmed a similar partnership with supermarket giant Asda, and as competition in the get-it-soon grocery delivery market continued to simmer.

"We're always striving to offer our customers more choice, convenience and the very best service," said Just Eat Takeaway's UK managing director Andrew Kenny to City AM.

"This partnership enables us to do just that."

Just Eat initially grew through its focus on providing local, independent takeaway outlets with a technology platform for online orders, but since merging with the Dutch Takeaway.com in early 2020, it has signed up large chains such as McDonald's.

It has also been rolling out its own army of delivery riders in urban areas, making a point of hiring many as waged employees and supplying them with company-owned bikes, in contrast to the controversial contracting practises of the wider industry.

London-listed Deliveroo offers groceries from the Co-op, Morrisons, Sainsbury's and Waitrose, while the NYSE-traded Uber has partnerships with Asda, Iceland, Sainsbury's and Shell.

Start-ups promising grocery delivery in urban areas in a matter of minutes have also proliferated across Europe, with German outfit Gorillas staging a massive marketing campaign in the UK after inking a trial partnership with Tesco in October.

Turkish firm Getir, meanwhile, acquired fledgling British service Weezy in November, while other names such as Dija, Jiffy and Zapp have been vying for attention amid the pandemic-induced explosion in delivery services.

At 1137 GMT, shares in Just Eat Takeaway were up 4.1% in London at 4,185p, while those in Tesco were down 0.68% at 286.55p.

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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

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