Tesco (TSCO:LSE) 2001-09-02
Tesco is the king of supermarkets in Britain. Apart from being the national leader in the food sector, it is proud of selling everything to satisfy all its customers’ needs. As well as food, it sells: books, music, hi-fi and household appliances, household equipment, flowers, wine, apparel.... the list goes on and on.
The leading supermarket chain in Britain, Tesco, has small grocery stores under the Tesco Metro brand name, big supermarkets outside cities (Tesco Extra) and 24-hour stores. Tesco Express also owns petrol stations and provides financial services: a joint venture with the Royal Bank of Scotland enables it to offer life insurance and general insurance (home, car, pet, travel), credit cards and advantageous loan and savings schemes.
Tesco is a well run, ethical company. Always with an eye to the future, Tesco has adapted to the rapidly changing times. It makes an astonishing profit from its on-line sales site – www.tesco.com.
Tesco is not just confined to the U.K – it has around 900 stores in total and is a global player. It is well established in Ireland, Central Europe (Poland, Slovakia and the Czech Republic) and Asia (Thailand and South Korea). Recently, Tesco’s share price has been hit like all the rest of the retail sector.
This presents us with a buying opportunity.
Buy Tesco (TSCO:LSE) up to 230p Enjoy a nice little dividend whilst you wait for the share price to rise.