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

TESCO PLC (TSCO)

Delayed Quote. Delayed  - 02/27 05:35:03 pm
189.1 GBp   -0.47%
04:37p TESCO : Form 8.3 - AMENDMENT - Tesco Plc
04:17p TESCO : Form 8.3 - Tesco PLC - Replacement
04:17p TESCO : Form 8.3 -
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Tesco PLC : Tesco comments on FSAI beef survey

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01/15/2013 | 08:04pm CET

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.

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04:37p TESCO : Form 8.3 - AMENDMENT - Tesco Plc
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Financials ( GBP)
Sales 2017 55 773 M
EBIT 2017 1 275 M
Net income 2017 407 M
Debt 2017 4 523 M
Yield 2017 0,15%
P/E ratio 2017 36,84
P/E ratio 2018 20,31
EV / Sales 2017 0,36x
EV / Sales 2018 0,35x
Capitalization 15 532 M
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Consensus
Sell
Buy
Mean consensus HOLD
Number of Analysts 19
Average target price 2,02  GBP
Spread / Average Target 6,5%
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Managers
NameTitle
David Lewis Group Chief Executive Officer & Director
John Murray Allan Non-Executive Chairman
Alan J. H. Stewart Chief Financial Officer & Executive Director
Edmond Mesrobian Chief Technology Officer
Deanna Watson Oppenheimer Senior Independent Non-Executive Director
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Sector and Competitors
1st jan.Capitalization (M$)
TESCO PLC-8.15%19 355
SEVEN & I HOLDINGS CO...-1.01%34 657
KROGER CO-3.54%31 230
SYSCO CORPORATION-3.92%28 739
AHOLD DELHAIZE0.97%27 342
WOOLWORTHS LIMITED9.96%26 199
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