Tesco launched cost-cutting plans to shut stores, sell assets and axe its dividend, in a bid to revive its fortunes and recover from an accounting scandal. Tesco said it will close its head office, slash capital expenditure, shut 43 'unprofitable' shops and significantly revise its store building programme. The supermarket chain will meanwhile shut its main headquarters in Cheshunt, Hertfordshire, in 2016, and move to Welwyn Garden City.
Real-time Estimate
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5-day change | 1st Jan Change | ||
317.5 GBX | -0.44% |
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+2.12% | +9.19% |
07-16 | UK grocery price inflation slowest in nearly 3 years in June - Kantar | AN |
07-16 | UK grocery inflation falls to 1.6%, says Kantar | RE |
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EPS Revisions
Quarterly revenue - Rate of surprise
1st Jan change | Capi. | |
---|---|---|
+9.19% | 28.33B | |
+33.19% | 563B | |
+17.26% | 38.69B | |
+29.59% | 37.05B | |
-0.14% | 36.37B | |
+10.67% | 29.24B | |
-5.91% | 28.35B | |
+25.81% | 20.03B | |
+3.46% | 17.8B | |
+1.34% | 14.14B |
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