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TESCO PLC

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Delayed London Stock Exchange  -  05/24 11:35:18 am EDT
258.30 GBX   -1.37%
03:12aOver one fifth of Britons 'struggling' to make ends meet -Kantar
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02:59aMeat producer Cranswick maintains 2023 outlook on tight check on costs
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05/20Factbox-Who is Stuart Machin, M&S's new CEO?
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UK competition regulator probes Clayton $10 billion deal for Morrisons

01/27/2022 | 02:54am EDT
The illuminated logo shines above the wet car park of a Morrisons supermarket store in Croydon

(Adds dropped "s" to Morrisons in headline and first paragraph)

LONDON (Reuters) - Britain's competition regulator has formally opened an investigation into whether a takeover by U.S. private equity firm Clayton, Dubilier & Rice Holdings (CD&R) of Morrisons will reduce choice for supermarket customers in the country.

The Competition and Markets Authority said on Thursday it had launched a merger inquiry, inviting comments from interested parties and giving a deadline of March 24 for a preliminary decision.

CD&R, which has former Tesco boss Terry Leahy as a senior adviser, won an auction for Morrisons on Oct. 2, bidding a penny a share more than a consortium led by Softbank-owned Fortress Investment Group.

(This story refiles to add dropped "s" to Morrisons in headline and first paragraph).

(Reporting by Andres Gonzalez; Editing by Rachel Armstrong)


© Reuters 2022
Stocks mentioned in the article
ChangeLast1st jan.
SOFTBANK GROUP CORP. -1.61% 5191 Delayed Quote.-2.91%
TESCO PLC -1.37% 258.3 Delayed Quote.-9.66%
ZR (ZR) - CBE (ELECTRONIC)/C1 0.70% 17.285 End-of-day quote.18.05%
All news about TESCO PLC
03:12aOver one fifth of Britons 'struggling' to make ends meet -Kantar
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02:59aMeat producer Cranswick maintains 2023 outlook on tight check on costs
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05/20Factbox-Who is Stuart Machin, M&S's new CEO?
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05/20STEVE ROWE : Rowe to exit M&S with jump in profit, but much still to do
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05/20Goldman Sachs Lowers Tesco To Buy, Trims PT
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05/19London's FTSE 100 tumbles on global slowdown worries
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05/19European shares lower as retailers, food and beverage stocks lead falls
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05/19TESCO PLC : Ex-dividend day for final dividend
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05/18UK's Premier Foods to hike prices to tackle inflation, posts profit beat
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05/16Britons are trading down amid cost of living crisis - McKinsey
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Analyst Recommendations on TESCO PLC
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Financials
Sales 2023 62 618 M 78 732 M 78 732 M
Net income 2023 1 532 M 1 926 M 1 926 M
Net Debt 2023 10 645 M 13 384 M 13 384 M
P/E ratio 2023 12,3x
Yield 2023 4,10%
Capitalization 19 458 M 24 360 M 24 465 M
EV / Sales 2023 0,48x
EV / Sales 2024 0,46x
Nbr of Employees 345 000
Free-Float 98,0%
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Mean consensus OUTPERFORM
Number of Analysts 19
Last Close Price 261,90 GBX
Average target price 314,01 GBX
Spread / Average Target 19,9%
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Managers and Directors
Ken Murphy Group Chief Executive Officer & Director
Imran Nawaz Chief Financial Officer & Director
John Murray Allan Non-Executive Chairman
Guus Dekkers Chief Technology Officer
Byron Elmer Grote Senior Independent Non-Executive Director
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