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September 05, 2015 10:50 AM ET

Food and Staples Retailing

Company Overview of Tesco PLC

Company Overview

Tesco PLC, together with its subsidiaries, operates as a grocery retailer. The company also provides retail banking, financial, and insurance services. In addition, it engages in the property, purchasing, data analysis, and sourcing operations. The company operates in the United Kingdom, India, Malaysia, South Korea, Thailand, the Czech Republic, Hungary, Poland, the Republic of Ireland, Slovakia, and Turkey. It serves its customers through approximately 7,817 stores, including franchises, as well as through the Internet. The company was founded in 1919 and is based in Cheshunt, the United Kingdom.

New Tesco House

Delamare Road

Cheshunt,  EN8 9SL

United Kingdom

Founded in 1919

517,802 Employees

Phone:

44 19 9263 2222

Key Executives for Tesco PLC

Chief Executive Officer and Director
Age: 49
Total Annual Compensation: $570.0K
Chief Financial Officer and Executive Director
Age: 55
Total Annual Compensation: $297.0K
Compensation as of Fiscal Year 2015.

Tesco PLC Key Developments

Tesco PLC Reports Earnings Results for the First Half of 2015

Tesco PLC reported earnings results for the first half of 2015. For the period, the company reported trading profit as previously reported of £937 million, statutory operating profit of £347 million, operating profit before one-off items of £916 million, profit before tax before one-off items adjusted for IAS 19 pension finance cost of £752 million, profit after tax before one-off items adjusted for IAS 19 pension finance cost of £600 million, diluted earnings per share before one-off items adjusted for IAS 19 pension finance cost of 7.39 pence.

Tesco In Talks To Sell Stakes In Hawkins Lane

Tesco PLC (LSE:TSCO) in talks to sell stakes in Hawkins Lane. Tesco has confirmed that it is in talks with bidders looking to buy the Tesco's Hawkins Lane site.

MBK Partners Reportedly In Talks To Acquire Home plus From Tesco

MBK Partners is reportedly in talks to acquire Home plus CO., LTD. from Tesco PLC (LSE:TSCO);

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Recent Private Companies Transactions

Type
Date
Target
Merger/Acquisition
August 13, 2015
14 Vacant Sites Across Scotland
Merger/Acquisition
May 1, 2015
Tesco PLC, Empty Store And Adjoining Land In Bedlington
Merger/Acquisition
April 14, 2015
Euphorium Bakery Ltd
 

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