Disclosure: I own shares in one or more of the stocks mentioned. I wrote this article myself, and it expresses my own opinions. I am not receiving compensation for it (other than from ShareProphets). I have no business relationship with any company whose stock is mentioned in this article.

Tesco – rounding off the annus horribilis

By Chris Bailey of Financial Orbit

9 December 2014 10:48

More:

I knew it was going to be bad news when I saw an unexpected Tesco (TSCO) trading update statement on the wires this morning. This close to Christmas if you are a food retailer you keep your fingers crossed that the shoppers are going to eventually flood into your store unless – of course – the news was really, really different from guidance. I guess the £1.4 billion trading profit indication qualifies on that behalf (I believe consensus UK trading profit guidance was nearer £1.8 billion).

Already a member? Sign in

• All premium articles

• Tom Winnifrith’s Bearcast

• Access to all the entire nearly 13 year archive

• ShareProphets Daily Newsletter

Cancel any time

This area of the ShareProphets.com site is for independent financial commentary. These blogs are provided by independent authors via a common carrier platform and do not represent the opinions of ShareProphets.com. ShareProphets.com does not monitor, approve, endorse or exert editorial control over these articles and does not therefore accept responsibility for or make any warranties in connection with or recommend that you or any third party rely on such information. The information available at ShareProphets.com is for your general information and use and is not intended to address your particular requirements. In particular, the information does not constitute any form of advice or recommendation by ShareProphets.com and is not intended to be relied upon by users in making (or refraining from making) any investment decisions.

Comments

David Russell

10 December 2014, 01:55

January update ? That is the question. I told people to sell supermarket over 12 months ago and I cannot see it getting better as someone who works in a supermarket. Some supermarkets am sending employee’s home, Sorry asking them to go home because of their contracts. They am in a panic and that is great for Joe public but not for shareholders. They will try anything to get the people in the door but at what price will they buy and how much profit will the store make after half of it will go past the door without being paid for. Keep your money in your pocket these shares will drop more.