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MarketScreener Homepage  >  Equities  >  London Stock Exchange  >  Tesco PLC    TSCO   GB0008847096

TESCO PLC

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Tesco : move to pay business rates not linked to Asia special dividend - CEO

12/03/2020 | 05:33am EST
FILE PHOTO: Tesco CEO Ken Murphy poses for a portrait outside a Tesco store in Britain

LONDON (Reuters) - The boss of Tesco, Britain's biggest retailer, said a decision to waive government business rates relief during the pandemic was "disconnected" to plans to pay a special dividend once a deal to sell its Asian business is completed.

"It's completely disconnected. That dividend has been flagged for a number of months, I think people, the market, everybody, was aware of it," Ken Murphy told Sky News.

"It didn't influence our decision," he said.

Murphy also dismissed the suggestion that Tesco decided to pay business rates to force competitors, who do not have its financial strength, to do the same.

"When we made the decision, we didn't really think about the competition at all," he said.

"We were really focused on what was the right thing for the Tesco brand, what was the right thing for Tesco customers and Tesco communities and that's why we took the decision."

(Reporting by James Davey; Editing by Kate Holton)


© Reuters 2020
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Financials
Sales 2021 58 864 M 80 538 M 80 538 M
Net income 2021 797 M 1 090 M 1 090 M
Net Debt 2021 11 510 M 15 748 M 15 748 M
P/E ratio 2021 25,0x
Yield 2021 3,16%
Capitalization 23 548 M 32 174 M 32 218 M
EV / Sales 2021 0,60x
EV / Sales 2022 0,56x
Nbr of Employees 405 506
Free-Float 97,7%
Chart TESCO PLC
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Tesco PLC Technical Analysis Chart | TSCO | GB0008847096 | MarketScreener
Technical analysis trends TESCO PLC
Short TermMid-TermLong Term
TrendsBullishBullishNeutral
Income Statement Evolution
Consensus
Sell
Buy
Mean consensus OUTPERFORM
Number of Analysts 17
Average target price 281,21 GBX
Last Close Price 241,90 GBX
Spread / Highest target 30,2%
Spread / Average Target 16,2%
Spread / Lowest Target -9,05%
EPS Revisions
Managers and Directors
NameTitle
Ken Murphy Group Chief Executive Officer & Director
John Murray Allan Non-Executive Chairman
Antony John Hoggett Chief Operations Officer
Alan James Harris Stewart Chief Financial Officer & Executive Director
Guus Dekkers Chief Technology Officer
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