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Results: TSCO

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Don’t panic, sensible corporate names such as Tesco’s have all the answers

couple of months or so ago, I observed that “Tesco (TSCO) is a solid place to do your food shopping – and the same is now true of shares in the company”. The stock was about two quid a share then and it is over 10% above that level, which is alright (and we have not even noted again the 5% dividend yield). Whilst Tesco remains a very solid portfolio holding - and very boring pension fund investors, so much better than holding a government bond - I was intrigued to hear the company’s CEO observe on a BBC report that “households are switching from buying fresh food to cheaper frozen goods as the cost-of-living bites into budgets”...

So the Official Statistics Don't Look Good for Shares? Yes, but There Are Silver Linings.

Hello Share Toters. This old punter is downsizing. That means selling stuff on eBay. That was very profitable in the lockdowns as ordering by mail boomed. Now far fewer folks are buying my tasty gear. Latest figures on online buying bear me out. According to the Office of National Statistics, retail sales fell by an unexpected 1.4% in March. And February's sales figures were also revised down. Most of this decline being due to online selling.


Hello more inflation and a 5% fall in Tesco’s share price!

It might be a couple of days before Good Friday but there is a lot going on in global markets. After all yesterday American consumer price index numbers were at a 41 year high, whilst today’s equivalent numbers in the UK were ‘only’ at a 30 year high. Of course, this is a big worry for many people but - as anyone who has been working for 20 plus years knows very well - you should never ignore the threat of inflation (unless you anticipate negligible economic growth for the rest of the 2020s). And all this chat brings me onto numbers from Tesco (TSCO) this morning which have helped push its shares down 5%…

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