Are Tesco shares likely to go up?

The supermarket Tesco is the third largest retailer in the world, behind Walmart and Carrefour. It is also the largest British retailer, with a market share of 27.4%.

The company has its headquarters in Welwyn Garden City, Hertfordshire, England.

The company was founded in 1919 by Jack Cohen as a group of market stalls. It has since grown to become one of the largest retailers in the world. In 2014, Tesco had revenues of £58.4 billion and employed more than 500,000 people.

Tesco shares are listed on the London Stock Exchange and are a constituent of the FTSE 100 Index. The company has a secondary listing on the Hong Kong Stock Exchange.

Tesco’s share price has been volatile in recent years. In 2013, the shares fell sharply after the company issued a profit warning. However, they recovered in 2014 after Tesco announced a turnaround plan.

Looking ahead, Tesco’s share price is likely to be influenced by developments in the wider economy and the competitive environment in the grocery sector. However, with a strong market position and a turnaround plan in place, Tesco is well-positioned to weather any challenges it may face.

In conclusion, Tesco shares are likely to go up in value due to the company’s strong market position and recent turnaround plan. However, any significant changes in the wider economy or competitive environment could impact this forecast.

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