Log in
E-mail
Password
Remember
Forgot password ?
Become a member for free
Sign up
Sign up
Settings
Settings
Dynamic quotes 
OFFON

4-Traders Homepage  >  Equities  >  London Stock Exchange  >  Tesco    TSCO   GB0008847096

TESCO (TSCO)
Mes dernières consult.
Most popular
  Report  
SummaryQuotesChartsNewsAnalysisCalendarCompanyFinancialsConsensusRevisions 
News SummaryMost relevantAll newsofficial PublicationsSector newsTweets

Tesco PLC : Tesco comments on FSAI beef survey

share with twitter share with LinkedIn share with facebook
share via e-mail
0
01/15/2013 | 08:04pm CEST

Tim Smith, Group Technical Director comments:

Today we were informed that the Food Safety Authority of Ireland (FSAI) has found that a number of beef products they have recently tested contained horse DNA. These included two frozen beef burger products sold by Tesco in both the UK and Ireland. Products sold at other retailers were also discovered to contain horse DNA. 

We immediately withdrew from sale all products from the supplier in question. We are working with the authorities in Ireland and the UK, and with the supplier concerned, to urgently understand how this has happened and how to ensure it does not happen again. We will not take any products from this site until the conclusion and satisfactory resolution of an investigation.

The safety and quality of our food is of the highest importance to Tesco. We will not tolerate any compromise in the quality of the food we sell. The presence of illegal meat in our products is extremely serious.  Our customers have the right to expect that food they buy is produced to the highest standards.

The relevant authorities have said that these findings pose no risk to public health. We understand that many of our customers will be concerned by this news, and we apologise sincerely for any distress.  Our customer service team is standing by to answer any questions customers may have.

distributed by
share with twitter share with LinkedIn share with facebook
share via e-mail
0
Latest news on TESCO
05/22TESCO : to refocus its non-food business by closing Tesco Direct
PU
05/22TESCO : Supermarket giant shuts non-food website Tesco Direct
AQ
05/22TESCO : to Close Non-Food Website Tesco Direct
DJ
05/22TESCO : closure of non-food website puts 500 jobs at risk
RE
05/21TESCO : to remove ‘best before’ dates off selected fruit and vegetab..
PU
05/19TESCO : Now lidl plans home delivery in fresh attack on rivals
AQ
05/18TESCO : Patriotic shoppers stock up on British classics ahead of Royal Wedding
PU
05/17Mothercare to shut a third of UK stores in battle for survival
RE
05/17Ahead of Sainsbury's takeover, Asda's recovery gains momentum
RE
05/17TESCO : Ex-dividend day for final dividend
FA
More news
News from SeekingAlpha
04/30Sprint And T-Mobile Unite Forces (Wall Street Breakfast Podcast) 
04/30WALL STREET BREAKFAST : Week Begins With Flurry Of Dealmaking 
04/30Walmart's Asda confirms Sainsbury merger 
04/11Tesco's (TSCDF) CEO Dave Lewis on Q4 2017 Results - Earnings Call Transcript 
04/11Tesco PLC 2018 Q4 - Results - Earnings Call Slides 
Financials ( GBP)
Sales 2019 62 518 M
EBIT 2019 2 032 M
Net income 2019 1 206 M
Debt 2019 2 911 M
Yield 2019 2,01%
P/E ratio 2019 19,25
P/E ratio 2020 15,70
EV / Sales 2019 0,43x
EV / Sales 2020 0,41x
Capitalization 24 048 M
Chart TESCO
Duration : Period :
Tesco Technical Analysis Chart | TSCO | GB0008847096 | 4-Traders
Technical analysis trends TESCO
Short TermMid-TermLong Term
TrendsBullishBullishBullish
Income Statement Evolution
Consensus
Sell
Buy
Mean consensus OUTPERFORM
Number of Analysts 19
Average target price 2,52  GBP
Spread / Average Target 0,61%
EPS Revisions
Managers
NameTitle
David Lewis Group Chief Executive Officer & Director
John Murray Allan Non-Executive Chairman
Antony John Hoggett Chief Operating Officer & CEO-Asia Region
Alan J. H. Stewart Chief Financial Officer & Executive Director
Guus Dekkers Chief Technology Officer
Sector and Competitors
1st jan.Capitalization (M$)
TESCO19.67%32 279
SEVEN & I HOLDINGS CO., LTD.2.48%38 637
SYSCO CORPORATION4.63%33 104
WOOLWORTHS GROUP LTD6.34%28 772
AHOLD DELHAIZE7.44%28 584
CP ALL PUBLIC COMPANY LIMITED--.--%22 927