Home » Posts tagged 'tsco' (Page 2)

Tag Archives: tsco

Brand CEO Alan Green discusses Feedback (FDBK) developments & Tesco (TSCO) on VOX Markets podcast

Brand CEO Alan Green discusses Feedback (FDBK) developments & Tesco (TSCO) with Justin Waite on the VOX Markets podcast. The interview is 37 minutes, 45 seconds in.

Is Deutsche Bank too big to fail? Plus Tesco woes. Panmure Gordon’s David Buik on TipTV

Is Deutsche Bank too big to fail? Plus Tesco woes. Panmure Gordon’s David Buik on TipTV

Tesco Blows A Trumpet or Two

Tesco TSCO blows a fanfare of trumpets over today’s interim results and when one considers that over the past two years prices have fallen by over 6%, it is perhaps right to do so. It claims significant progress in the first half with positive like for like sales and volume growth in all regions. UK and International sales volume grew by 2.1% and3.3% respectively. Operating profit rose by 38% and net debt fell by 49.3% year on year. On the statutory basis profit before tax was down by 28.3% but for the full year Tesco expects it will turn in an operating profit of £1.2bn before exceptionals.

Topps Tiles TPT claims record sales for the year to the 1st October despite a slowdown in the fourth quarter caused by weaker market conditions and the decision to exit from low margin wood flooring. These reduced like for like sales by 1.9%. leaving a rise for the quarter of 1.4% compared to the headier rises of the first three quarters. For the full year a healthy like for like rise of 4.2% is anticipated.

Gooch & Housego GHH is enjoying a positive trading environment in its second half, which has produced a robust order book standing 10.5% higher than it was a year ago, excluding recent acquisitions, which makes the company well placed for further growth.

Beachfront Property For Sale In The Greek Islands – visit;   http://www.hiddengreece.net

Tesco – Getting Mended.

Tesco TSCO claims it has stabilised the business, with overall like for like first quarter sales growth of 0.9%. Internationally it has steamed ahead with like for like growth of 3%. In Asia like for like sales were up by 3.3%, as against a year ago when they fell by 3.4%. Both Asia and Europe have now completed four consecutive quarters of growth. Even in the UK, where fresh food brands have been performing “very well”, there has been a big improvement, with growth of 0.3% after taking into account price deflation of 0.7%.

Prime People PRP expects softer market conditions for the remainderof 2016, with macro economic headwinds, turbulent emerging markets, other  volatility plus that tried and tested favourite, the referendum,all being pulled out of the excuses drawer by a management which does not seem too sure of its ability to cope. as for the past, gross fee income for the year to 31st March rose by 25%, profit before tax by about a third from £1.44m to £2.15m and profit after tax by some 50% from £1.13m to £1.7m. The dividend remains unchanged.

Latham James LTHM is increasing its final dividend from 8.8p to 10.3p per share after what it describes as very good trading results. Group revenue for the year to 31st March grew by 6.3% leading to a rise of some 28% in pre tax profits.  Earnings per share rose from 40.3p to 53.7p.  For the first two months of the current year, revenue has risen by a further 4%.

 

Stadium Group SDM Following loss of a major customer which has decided to take manufacturing in house, growth and full year results are now expected to be below market expectations, despite profits in the second half being materially ahead.

Find Bargain Properties For Sale In Greece;   http://www.hiddengreece.net

Company news: Tesco Sells Dobbies – A Great Business, They Say!

  Tesco TSCO confirms that it has sold Dobbies Garden Centres which it has owned since 2007. The CEO says the staff at Dobbies  built up a great business – which is of course a good reason for selling it but only if you are desperate for £ 217m. in cash.

  JD Sports Fashions JD expects to deliver excellent first half results following further positive trading boosted by Euro 2016.  Pity the same cannot be said about England’s performance.

Precious Metals On The Move

Gold has risen more than 23% this year as equity prices collapse, oil collapses and Brexit uncertainties dominate the headlines. As ever that leaves gold, now having touched a 2 year high, providing the only safe haven.

Lithium which for years promised much but never delivered has at long last done so with the price of the metal doubling during the last few months of 2015. A Chinese Lithium miner has entered the list of the Top 40 mining companies, coming in at number 31

Rare Earths. At the same time the world’s top producer of rare earths has jumped 23 places to number 17.

Uranium. The price of Uranium is forecast to double by 2018 and to enjoy a 6% annual compound demand growth rate for the next few years, which could return the price to levels last seen in 2007

Find Bargain Properties For Sale In Greece;   http://www.hiddengreece.net

WH Smiths Off On The Road to Recovery

Tesco TSCO  The 40% fall in net debt is probably the best item in Tesco’s preliminary results and they are perhaps entitled to boast of a turn round in quarter 4, except in its home markets of the UK and the Republic of Ireland where it still seems to have lost the plot. Group like for like sales growth for quarter 4 came in at 1.6%, with International showing a healthy 3.8% and Europe 4.1%. But where was the poor old UK ? Last of course, with a miserable rise of 0.9%, beaten by Ireland with 1%, hardly matching the company’s claim that it has become competitive again in those markets, which must be nonsense  when one looks at the growth of its German competitors.

Over the full year Tesco managed to produce zero growth, its performance in Europe and other  wealthier parts of the world overshadowed by continual decline in the UK and Ireland.

The second good thing is that Tesco has actually made a profit for the year of just over £1,046m. compared to the previous year’s disastrous £5 billion loss.

Tesco also proclaims that the customer is once again its prime focus and always will be, which is presumably why it stopped international delivery of online orders. Once again actions showing the emptiness of fair words.

Tesco can be praised for having stopped the rot.  It will be interesting to see how far it can go in the current year to begin growing new shoots.

WH Smith SMWH has at long last enjoyed a strong first half, with profit before tax for the 6 months to 29th February up by 11%. It says something about the state of the company when it can boast that flat like for like sales is its best result for many years. Cynics amongst us had often wondered for how long it could go on squeezing more profit out of declining revenue. What is particularly pleasing i that it has also done well in its traditional markets where stationary and books were particularly strong.

Halfords HFD produced strong quarter 4 growth with revenue for the 11 weeks to 1st April up by 3.2% but cycling became the laggard with Q4 like for like sales up by only 1.9% compared to motoring and car maintenance which rose by 3.5 and 3.9% respectively. Cycling revenue for the full year actially fell by 0.9%.

Telford Homes TEF anticipates profit before tax for the year to 31st March will be slightly above what market expectations as it benefits from continued investor interest and relatively affordable apartments in London where its average price remains comfortably below £600,000.

Walker Greenbank WGB is raising its final dividend by 25% after sales rose by 5.4% and profit before tax by 15.9% as it completes recovery from serious flooding

Looking for villas & houses for sale in Greece;   http://www.hiddengreece.net

Is Tesco The Xmas Winner ?

Tesco (TSCO) enjoyed a strong Xmas and perhaps surprised many of the pundits, not to to say the opposition, with all round growth as sales rose both at home and abroad. Like for like group sales for the 6 weeks to 9th January rose by 2.1%, even UK like for like sales were up 1.3% and international led the way with a rise of 4.1%.

Home Retail Group HOME admits to a mixed performance over the 18 weeks to the 2nd January but Argos sales rose 0.9% despite reduced store footfall on the high street.  Homebase like for like sales were up by 5% but that figure is rather meaningless because total sales fell by 4% as a result of the aggressive store closure plan.

Profit before tax for the year to the end of February is expected to be at the bottom end of market expectations.

Mothercare MTC had a fairly disastrous third quarter on the international front, reflecting economic and currency headwinds for which management is in no way to blame. International sales were down 9.5% in actual currency, over the 13 weeks to the 9th January, whilst UK like for like sales rose by 4.2% following weeding out of weaker stores. UK online won the day with a rise of 11%.

Group worldwide sales fell by 5.5%, double the fall in the previous quarter. Mothercare was another store to get its weather forecasting wrong, so blames the unseasonably wamr weather for having a lot of unsold stock left over for the sales.

Associated Brtish Foods ABF saw Primark sales up by 7% over 16 weeks to 2nd January and group revenue up by 3%.

So in the end it looks like the surprise winner will have been Tesco.  It remains to be seen if Tesco can now start regaining market share and clamber its way back up to being number one.

looking for a villa in Greece; visit –   http://www.hiddengreece.net

Tesco (TSCO) abandons international delivery for online clothing sales

At a time when major retailers are being dragged kicking and screaming into the world of internet sales, the last thing one would expect would be for the biggest of them all to abandon international online sales.

Yet Tesco (TSCO) is doing just that. As from 1st February it will abandon international delivery of online orders for its F&F clothing range.

If ever there was a sign that Tesco’s troubles may be far deeper than it has so far been prepared to admit, it is the e mail which it has issued today to to its international customers, advising them that their business is no longer wanted – full stop, no explanation, not a word of regret.

What retailer in its right mind can treat customers worldwide, like this.  Is this what Tesco meant when it said it was re assessing its attitude to customers.  Is this what it meant when it said it needed to improve customer service.

Internet sales will gradually become the be all and end all of international retailing and what passes at Tesco for management has chosen to walk away from the future and seek refuge in its outdated mammoth stores which nobody wants any more.

Some commentators are expressing the view that Tesco in its present form will have ceased to exist by the end of the year. Now we know why.

Invest in Greek tourism; holiday villas and hotels for sale; visit –   http://www.hiddengreece.net

Retailers (Part 1) There’s No ‘Flys’ on Tesco

Tesco has problems but they are management problems which can be resolved if it can find a management team able enough to erase the long standing failures of the Leahy team which was directly responsible for Tesco’s current woes. Silly as it may seem, it may be best to get a grocer in and sack all the accountants and number crunchers. Once a retailer becomes as big as Tesco, it is the little things which count and it is the little things which they ignore because they have arrived and believe that nobody can knock them off their pedestal.

Marks made the same mistake and Asda and Walmart are following suit.  But as far as Asda is concerned there is no Archie Norman in sight, to save them this time round. The worst offender is, believe it or not, Lidl,

Tesco first. Everything I have bought from Tesco has been wrong and should have been returned but I bought them on line, Greece not being blessed with even a Tesco Tiny or whatever the latest  name is for its attempts to try and retrieve its lost shoppers. I bought two pairs of Jeans – they were excellent apart from one thing – the button flies. The problem was very simple, the buttons did not match up with the button holes – on either pair. That may be a little mistake but it can have big consequnces standing in some unlit loo on a dark night at the back of a grotty taverna trying to force the metal buttons out of a button hole which is misaligned and a bit too small in any event.

And then there are the underpants. Now M&S underpants in Greece are 25 Euro per pack of three and Tescos seemed a bargain by comparison but again they had the same problem, the flies. The inward fly entrance did not match up with the exit fly so that it was virtually impossible to put the hand in and retrieve the  required body part, without twisting it in two. Imagine however if, in addition to the underpants, you were also wearing a pair of the button fly jeans. You had to struggle  with buttons to gain access to the underpants and then found it virtually impossible to get through the underpants to access the, by now, urgently needed organ. And all because Tesco had gone ahead and bought no doubt hundreds and thousands  of the offending articles without bothering to test the design. They must have been the only superrmarket in Europe trying to palm off underpants which didn’t work. Now their business is crumbling and they can’t understand why.  I can.

Part 2 of this thrilling expose will appear tomorrow.

Looking for villas and houses for sale in Greece – visit; http://www.hiddengreece.net

 

TipTV with Nick ‘Moose’ Batsford, Zak Mir & Alan Green – Xmas rally starts?

Alan Green, Zak Mir and Nick ‘Moose’ Batsford discuss the start of the Xmas rally, plus STAN, EZJ, TSCO and more

I would like to receive Brand Communications updates and news...
Free Stock Updates & News
I agree to have my personal information transfered to MailChimp ( more information )
Join over 3.000 visitors who are receiving our newsletter and learn how to optimize your blog for search engines, find free traffic, and monetize your website.
We hate spam. Your email address will not be sold or shared with anyone else.