The UK supermarket sector is incredibly competitive. Established players such as Tesco (LSE: TSCO) have seen their market share fall in recent years as discount supermarkets such as Lidl and Aldi have squeezed on one side, while Waitrose and J ...
Another retailer trending on the search engines is Tesco PLC (LON:TSCO), though as usual, most of the featured stories emanate from one investment site that cannot let a day go by without commenting on the king of the UK supermarket scene.
Not so super supermarkets. The 'Big Four' supermarkets - Tesco, Sainsbury's, Asda and Morrisons - are being increasingly squeezed for market share by, on one side, discounters Aldi and Lidl, and, on the other, upmarket Waitrose and Marks & Spencer.
When will Tesco (LSE: TSCO) get its act together and get back to earning growth? That's the key question for investors, and we'll hopefully get some hints to the answer on Wednesday, 16 April when we'll see results for the year just ended in February.
HSBC Holdings plc (LON:HSBA) cuts its forecasts on Tesco plc (LON:TSCO) by 11 per cent for this year as UK like-for-like sales and margins appear to be sliding further, and has advised the supermarket to consider withdrawing from parts of Europe.
The headline-grabbing news in supermarket chain Tesco's (LSE: TSCO) full-year results is that underlying profit before tax from continuing operations is down 6.9%, at �3,054 million, compared to a year ago.