Tesco Plc.

Tesco plc is the third largest retailer in the world (Wal-Mart and Carrefour being the biggest). It is now a multinational company with many products other than traditional food retailing. In 2009 Tesco has a 30.5% market share in grocery in the UK.

Tesco’s Main Business Areas

Tesco has embraced the Internet extremely well and utilised a series of websites to manage its different operations. Its home delivery services is one of the most well respected in the industry.

Tesco provide a huge array of services. The brand may be the Tesco supermarket but their product range covers every part of our lives.

Tesco also run garden centres, telecoms and broadband, fuel, invests in film making, has a record label, gold exchange, tyres and beauty salons.

The wide range of services can be seen by its many websites:

  • Tesco.com – Online grocery shopping
  • Direct.tesco.com – Home, electrical, toys and entertainment
  • Phone-shop.tesco.com – dedicated mobile phone online store
  • Clothingattesco.com – dedicated online clothing store
  • Tescofinance.com – online banking, mortgages, credit cards, loans and insurance
  • Tesco.net – special site for its Clubcard members
  • Tescoentertainment.com – just DVD, Blu-Ray, CD, MP3 and Games
  • Tescodvdrental.com – Online DVD rentals
  • Tescophoto.com – Online photo printing service
  • Tescoopticians.com – low cost glasses and contact lenses
  • Tescoforschoolsandclubs.co.uk – Dedicated school voucher site
  • Tescosoftware.com – Includes tech support, antivirus, photo editing, office software

Company Information

Tesco headquarters is in Chesthunt. It was founded in 1919 by Jack Cohen amd the first store opened in 1929.

Tesco Head Office:

  • Tesco Stores Ltd
  • New Tesco House
  • Delamare Road
  • Cheshunt
  • Herts EN8 9SL
  • Tel:  01992 632222

Dedicated Investor Relations team:

Tesco’s Company Registrar

  • Equiniti
  • Aspect House
  • Spencer Road
  • Lancing
  • West Sussex
  • BN99 6DA
  • Telephone: 0800 169 1679 (UK only)
  • Telephone: +44 (0) 121 415 7073
  • Fax: +44 (0) 1903 833168
  • Investment Portal: www.shareview.co.uk/dealing

Tesco Dividend Payments

Tesco pay two dividends each year, an interim dividend in December and a final dividend in July.

Dividends are paid in cash or shareholders can elect to have their cash dividend automatically reinvested (the Dividend Reinvestment plan) to buy new shares.

Tesco also operate an ISA. Contact the Equiniti ISA team on 0845 300 0430 for details.

  16 comments for “Tesco Plc.

  1. SHP
    June 18, 2012 at 8:01 pm

    Tesco has announced that it is to exit the Japanese marketplace. Read more on the BBC: http://www.bbc.co.uk/news/business-18484159

  2. SHP
    April 18, 2012 at 1:02 pm

    Tesco profits are down over the last year. However, it did still make around £2.5 billion.

    Tesco is planning a few projects to enhance and modernise its stores to win back more customers.

  3. SHP
    June 29, 2011 at 4:45 pm

    Tesco have are not letting the recent problems caused by the online banking migration upset their plans to push the banking business forward this autumn.

    Tesco originally announced plans to set up a banking division in 2008 but until recently they worked in partnership with RBS to provide clients with a range of account options.

    Tesco are still fixing a few problems which meant that savers were locked out of their accounts (more details on the Tesco online banking problems here).

    Tesco are also planning to build up a mortgage business and talking of offering 80-85% property price loans.

  4. SHP
    June 25, 2011 at 10:48 am

    Tesco made the move away from the RBS Banking platform and onto their own one last week, but it caused chaos. Many customers have been unable to access their accounts due to the website not working with many web browsers and also password problems. Read more: http://www.webologist.co.uk/blog/tesco-online-bank-accounts-break-after-migration

  5. SHP
    June 13, 2011 at 5:42 pm

    Tesco sales figures are being released tomorrow and it is expected that Tesco will be reporting a recovery in UK sales. Warm weather in April lifted sales and this has resulted in some small recoveries.

    Kantar Worldpanel reported a 7.8% growth in the UK grocery market during April.

  6. SHP
    June 9, 2011 at 4:36 pm

    Click and Collect

    Tesco introduce Click and Collect for grocery and clothes shopping. Tesco deliveries have been a hit for almost 10 years already. They are now introducing Click and Collect which allows shoppers to order online and then pick up from a store. It saves having to book and then wait for a delivery to take place. Many people cannot get the deliver slot that they want to never order groceries online, this new system will increase online sales.

    Tesco also plan to increase the number of non-food stores offering click and collect, including clothing, electrical and entertainment. Tesco Tickets and DVD/BluRay are likely to be popular options for the Click and Collect system.

    The system was tested in the Baldock Extra store in Herts last year which operated a drive through service for Internet customers.

    Tesco are also making good use of social media – Facebook for engaging with customers and Twitter for improving customer service.

    News source: Internet Retailing, June 9, 2011

  7. SHP
    May 31, 2011 at 5:40 pm

    Tesco tickets is being launched to sell reduce price summer concert tickets through its store. Customers will save as there will be no booking fee or postage charges for tickets bought. Tickets will be priced from £12 to £33 and this year include concerts by acts such as Olly Murs and Eliza Doolittle.

  8. SHP
    May 31, 2011 at 5:37 pm

    #Tesco have made a bold move to appease shareholders and cut the CEO’s base salary. The new CEO Phil Clarke will receive £1.1 million per year, £0.3 million less than Terry Leahy. There are fewer performance measures in place too so less performance related bonuses.

  9. SHP
    May 29, 2011 at 9:10 pm

    Andrew Lansley (health secretary) has demanded that supermarkets make some major changes to the way they market cheap alcohol. Lansley has written to Tesco along with other major companies reminds them of the pledge to remove alcohol promotions from store fronts. Yahoo news

  10. SHP
    May 29, 2011 at 8:15 pm

    Some bad press for Tesco as pensioner Raymond Keddie is suing Tesco for breaking a tooth on its branded cereal, Choc & Nut Crisp. According to the Daily Record Keddie claims that a stone in the cereal break 2 teeth resulting in expensive dental work. News source.

  11. SHP
    May 27, 2011 at 4:42 pm

    Tesco reveal their £30 version of the Reiss Shola dress which Kate Middleton made famous. The Florence + Fred Limited Edition bandage style dress will be sold from June. The original Reiss Shola dress retailed at £175 and sold out soon after Kate Middleton was seen wearing it. The original dresses trade on eBay for up to £600 each. You will be able to find the dress in stores and online at http://www.tesco/clothing.co.uk

  12. SHP
    May 26, 2011 at 10:35 pm

    E.ON Energy and Tesco Form a Partnershop

    E.ON have made a deal with Tesco to provide cheaper energy deals to Tesco and E.ON customers. In the deal any Tesco customers who sign up to E.On’s Fixed Price 5 Tariff earn Tesco Clubcard points. Tesco customers can also use their vouchers to pay for E.ON bills.

  13. SHP
    May 26, 2011 at 10:32 pm

    Tesco Promote Modern Warfare 3

    Tesco will start taking orders for a much anticipated computer game from midnight tonight.

    Modern Warfare 3 will retail at £44.90 but Tesco are also giving the original Modern Warfare away for just £10.

    Tesco are really pushing their gaming and entertainments products at the moment and with their dedicated entertainment website, Tescoentertainment.com, seem to be attempting to take on the specialists.

  14. SHP
    May 26, 2011 at 10:28 pm

    Kirkby town centre redevelopment gets approved

    Tesco is planning a £200 million development in Kirkby town centre. The government today gave the go-ahead to allow Tesco to invest in the area. The development is hoped to bring in new business and revitalise shopping in the town centre. It should also create 300 new jobs for local residents.

  15. SHP
    May 26, 2011 at 10:19 pm

    Tesco Mobile Rated Best Mobile Network

    Tesco Mobile is considered the best mobile network for both pay as you go and pay monthly services. O2 was a close second with T-Mobile, 3, Virgin Media and Orange all trailing behind. The survey was conducted by JD Power. Read their full report here: http://www.jdpower.com/news/pressrelease.aspx?ID=2011072

  16. SHP
    May 26, 2011 at 10:13 pm

    Tesco In-Store SatNav Being Tested in Romford

    Tesco is currently testing its latest product – a Supermarket Satnav for its mobile phone customers.

    This application will allow customers to quickly find items in store as their mobile phone will direct them to the right place.

    The Tesco In-store Satnav can store your entire shopping list and then map out the most efficient shopping route for you.

    It is currently testing the service in its Romford Extra store.

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