Tesco (TSCO)

Sector:

Food Pharmacy Retail

Index:

FTSE 100

288.90p
   
  • Change Today:
    -0.90p
  • 52 Week High: 303.50
  • 52 Week Low: 245.40
  • Currency: UK Pounds
  • Shares Issued: 7,039m
  • Volume: 9,178,489
  • Market Cap: £20,336m
  • RiskGrade: 107

Tesco shake-up to affect 2,100 jobs

By Michele Maatouk

Date: Tuesday 31 Jan 2023

LONDON (ShareCast) - (Sharecast News) - Tesco announced plans on Tuesday to shake-up management and close food and hot deli counters that will affect around 2,100 jobs.
The supermarket chain said it will cut the number of lead and team managers in large UK stores, affecting 1,750 workers. It will also shut all remaining counters and hot delis from 26 February.

Around 350 employees will be affected by localised changes, it said. This includes the closures of eight pharmacies and reduced hours at some in-store post offices.

As part of the shake-up, Tesco will also introduce around 1,800 new shift leader roles in stores.

Jason Tarry, Tesco UK and Republic of Ireland chief executive officer, said: "These are difficult decisions to make, but they are necessary to ensure we remain focused on delivering value for our customers wherever we can, as well as ensuring our store offer reflects what our customers value the most.

"Our priority is to support those colleagues impacted and help find alternative roles within our business from the vacancies and newly created roles we have available."

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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 288.90p
Change Today -0.90p
% Change -0.31 %
52 Week High 303.50
52 Week Low 245.40
Volume 9,178,489
Shares Issued 7,039m
Market Cap £20,336m
RiskGrade 107

Tesco Star Ratings

Compare performance with the sector and the market.
more star ratings
Key: vs Market vs Sector
Value
52.34% below the market average52.34% below the market average52.34% below the market average52.34% below the market average52.34% 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
45.35% above the market average45.35% above the market average45.35% above the market average45.35% above the market average45.35% above the market average
38.46% above the sector average38.46% above the sector average38.46% above the sector average38.46% above the sector average38.46% above the sector average
Income
40.93% above the market average40.93% above the market average40.93% above the market average40.93% above the market average40.93% 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
27.66% above the market average27.66% above the market average27.66% above the market average27.66% above the market average27.66% 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 26-Apr-2024

Time Volume / Share Price
16:35 4,099,932 @ 288.90p
16:35 3,488 @ 288.90p
16:35 2,489 @ 288.90p
16:35 9,009 @ 288.90p
16:35 1,392 @ 288.90p

Tesco Key Personnel

CEO Ken Murphy
CFO Imran Nawaz
Chair Gerard Murphy

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