Tesco reported first-quarter sales that met expectations, with UK like-for-like sales up 1.8% but slightly below consensus. Despite this, brokers like Deutsche Bank and Citi remain optimistic, highlighting strong profit and cash generation, inflation benefits, and growth in insurance and mobile sectors. Tesco's shares trade at a reasonable valuation with a 6.5% free cash flow yield, seen as a defensive investment amid economic uncertainty. Analysts view any share price weakness as a buying opportunity given the retailer's solid outlook and guidance.
The FTSE 100 dropped over 120 points to 10,388 following the Bank of England's decision to keep interest rates steady at 3.75%. The market was also influenced by falling oil prices after the US and Iran signed a ceasefire agreement, easing tensions a...
Tesco's Q1 like-for-like sales growth slowed to 1.8% from 3.1% last quarter and 5.1% a year ago, impacted by tough comparisons including warm weather and rival disruptions. Analysts highlight that on a two-year basis, sales are up 6.9%, indicating Te...
The FTSE 100 fell by 112 points to 10,397 following the Bank of England's decision to hold interest rates steady, with a 7-2 vote split indicating some pressure for hikes. The market was also impacted by falling oil prices after the US and Iran signe...
Tesco reported a slowdown in first-quarter sales growth, with group like-for-like sales rising 1.0% compared to 3.5% last year. Despite this, the UK grocery giant maintained its profit guidance for the 2026-27 financial year, expecting adjusted opera...
