Click Now!

Tesco (TSCO) Share Price Outlook London Stock Exchange 22 Oct, 2014

Tesco (TSCO) opened today at 186.50 and took an immediate plunge to 183.19. Since then the stock has been struggling to regain the lost ground. The trading days latest events come following a substantial track record of downward movement from the grocer, clothing, and general merchant.

Despite a year of slumping performance the stock is regarded widely as a hold in the eyes of brokers and analysts, with few varying either way of the midpoint.

Recently Tesco released a report on the grocers projected turnaround plan, expected to take six years and 3bn to implement. This news comes after the details released following the newest CEOs multimillion-pound welcome bonus, earning the ire of many onlookers.

Kantar Worldpanels recently released grocery-market data that showcased Tescos highest sales performance since early summer, helping to mend the companys waning image in the eyes of investors.

OCA News Editor

Jenny McKinnley is OCAs financial correspondent. After spending years on the trading floor in both NY and London, she offers insight from the inside out on world financial news and events.

COMMENTS

comments

Calendar

Recent Tweets