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

TESCO PLC

(TSCO)
  Report
Delayed Quote. Delayed London Stock Exchange - 01/27 11:35:26 am
245.2 GBX   +0.41%
01/27TESCO : Accepts $170.3 Million Of Senior Notes For Repurchase
MT
01/27TESCO : Prices Tender Offer for 6.15% Notes Due 2037
MT
01/25TESCO : Interim Accounts 2020/21
PU
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SummaryMost relevantAll NewsAnalyst Reco.Other languagesPress ReleasesOfficial PublicationsSector newsMarketScreener Strategies

Tesco : to Pay Back GBP585 Million of Business Rates Relief to UK

12/02/2020 | 02:33am EST

By Matteo Castia

Tesco PLC said Wednesday that it will repay to the U.K. government and the devolved administrations the 585 million pounds ($785.1 million) of business rates relief it received as support to face the coronavirus pandemic.

The U.K.'s largest grocer by market share said the business rates relief was a "game changer" amid the spring lockdown, when panic buying, pressure on supply lines and safety concerns created a real and immediate risk to the supermarkets' ability to continue to work.

Tesco said the business rates relief helped to partially mitigate coronavirus-related costs, which is estimated to be GBP725 million for this year.

The cash impact of the repayment of the GBP585 million will be split into GBP535 million in fiscal 2021 and GBP50 million in fiscal 2022, the company said.

"Excluding the repayment, our guidance for retail operating profit before exceptional items for fiscal 2021 is unchanged: we expect it to be at least the same level as fiscal 2020 on a continuing operations basis," Tesco said.

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

(END) Dow Jones Newswires

12-02-20 0232ET

All news about TESCO PLC
01/27TESCO : Accepts $170.3 Million Of Senior Notes For Repurchase
MT
01/27TESCO : Prices Tender Offer for 6.15% Notes Due 2037
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01/25TESCO : Interim Accounts 2020/21
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01/25TESCO : Declares Special Dividend, Contributes GBP2.5 Billion to Pension Program
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01/22John Lewis lifts profit guidance after resilient Christmas
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01/21TESCO : launches first sustainability-linked bond of EUR750m
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01/20TESCO : launches first sustainability-linked bond of €750m
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01/19TESCO : Launches Tender Offers for $5.2 Billion of Notes
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More news
Financials
Sales 2021 58 864 M 80 441 M 80 441 M
Net income 2021 797 M 1 089 M 1 089 M
Net Debt 2021 11 510 M 15 729 M 15 729 M
P/E ratio 2021 25,3x
Yield 2021 3,12%
Capitalization 23 840 M 32 670 M 32 578 M
EV / Sales 2021 0,60x
EV / Sales 2022 0,56x
Nbr of Employees 405 506
Free-Float 97,7%
Chart TESCO PLC
Duration : Period :
Tesco PLC Technical Analysis Chart | TSCO | GB0008847096 | MarketScreener
Technical analysis trends TESCO PLC
Short TermMid-TermLong Term
TrendsBullishBullishBullish
Income Statement Evolution
Consensus
Sell
Buy
Mean consensus OUTPERFORM
Number of Analysts 17
Average target price 281,21 GBX
Last Close Price 244,90 GBX
Spread / Highest target 28,6%
Spread / Average Target 14,8%
Spread / Lowest Target -10,2%
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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