Tesco's (LSE: TSCO) turnaround is well under way and now Tesco's new CEO, Dave Lewis, or 'Drastic Dave' as he has been known in the past, is making yet more changes to the company's management structure to cut costs.
tesco2 The shares of Tesco (LSE: TSCO) trade around the level they first recorded at the end of 1997 and for most of 1998. Here are the main differences between now and then - and here is why Tesco stock could plunge to 100p.
Beleaguered grocery play Tesco (LSE: TSCO) has enjoyed a terrific run so far in 2015, the company benefiting from the same giddy investor appetite that has powered the FTSE 100 to all-high peaks around 7,000 points.
Last year, supermarket heavyweights Tesco (LSE: TSCO) and WM. Morrison Supermarkets (LSE: MRW) were both on the ropes. But Tesco has come out fighting, with new boss Dave Lewis squaring up to the challenge of building a leaner, meaner operation.