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

TESCO PLC

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Tesco : to Create 16,000 Jobs to Strengthen E-Commerce, Expects Rise in Online Sales

08/24/2020 | 08:38am EST

By Matteo Castia

 

Tesco PLC said Monday that it will create 16,000 new permanent roles to support its expanding online business, and that it expects higher internet-based sales for the year.

The U.K.'s largest grocer by market share said 10,000 of these positions will be pickers to assemble customer orders. Another 3,000 will be drivers to strengthen deliveries, while the remaining 3,000 will be for a variety of vacancies in stores and distribution centers, it said.

"The majority of these roles to be filled by colleagues who joined on a temporary basis at the start of the Covid-19 pandemic," Tesco said. It said staff for the remaining posts will be recruited externally.

E-commerce now accounts for 16% of the group's sales compared with around 9% before the pandemic, Tesco said.

The company expects this year's online sales to exceed 5.5 billion pounds ($7.2 billion), up from GBP3.3 billion the year before.

Recruitment across other Tesco business areas continues as normal, the company said.

Shares at 1220 GMT were up 0.7 pence, or 0.3%, at 228.2 pence.

 

Write to Matteo Castia at matteo.castia@dowjones.com

 

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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
Sector and Competitors
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