Two opposing takes on Tesco profits !!

purch

The supermarket chain Tesco reports record annual profits of £3.13bn despite the recession

From HM Gov official mouthpiece PravdaBBC
http://newsvote.bbc.co.uk/1/hi/business/8009513.stm

Tesco Plc, Europe’s second-largest retailer, reported the slowest profit growth in 15 years as price cutting by competitors eroded its U.K. market share and the company’s 17-month-old U.S. chain posted a loss

From a slightly less biased News source
http://www.bloomberg.com/apps/news?pid=20601087&sid=asa3lgieRyXc&refer=home

robpw2

ones american ones british ,,,

tesco seem to be making more and more profit each year
it just goes to show that every little does help

Rochdale_Pioneers

They're not opposing - they're both right. Tesco has made record profits as its higher than last year. The growth rate vs last year is slower.

Why is Purch trying to make a snide point about the BBC? At least pick something where they have got it wrong mate, or you just look like a tit.

purch

They're not opposing - they're both right

Not opposing ??

They show a totally different emphasis on what each want to highlight.

It amused me. I'm sorry it didn't amuse you.

P.S. Disclaimer: I've just bought 5,000 TSCO

Geoffo_M

Who is surprised they didn't take advantage of the vast increases in food prices in the last year

Generali

Isn't the difference that the BBC is a news channel whereas Bloomberg sells information to investors - rate of change of profit is important for pricing a stock, hence Bloomberg's differing emphasis.

StevieJ

Generali wrote: »

Isn't the difference that the BBC is a news channel whereas Bloomberg sells information to investors - rate of change of profit is important for pricing a stock, hence Bloomberg's differing emphasis.

Tell you what, let us see what that market thinks, oh up nearly 6% :T

http://uk.finance.yahoo.com/q?s=TSCO.L

Rochdale_Pioneers

purch wrote: »

Not opposing ??

They show a totally different emphasis on what each want to highlight.

What does that have to do with whether or not the two headlines oppose each other? Both were absolutely correct. Choose whichever spin you like, the two stories did not oppose each other as they both reported correctly the facts.

Anyway, Tesco making any profit at all is an impressive performance. They have made some dubious forays into the international marketplace (Fresh n Easy in America having a particularly poor time), they have a vast land bank whose value will have crashed along with the rest of Uk real estate, they've been heavily squeezed by the discounters (Aldi/Lidl/Netto especially) and they're losing UK market share for the first time in decades. They've had to introduce all kinds of lower margin deals and products to stay competitive so UK profits are under the squeeze as well.

abaxas

Rochdale_Pioneers wrote: »

Anyway, Tesco making any profit at all is an impressive performance.

Obviously you dont shop at Tesco.


Our local town (Hexham) we have 3 supermarkets Tesco, Aldi and Waitrose. Mad thing is that for out weekly shop, waitrose is cheaper.

Tesco are fab for offers, but not if you know what you want.

purch

As an "enemy of the people" for 'daring' to put the word Pravda ahead of BBC I expect to be on the next train to the Salt Mines !!!!

I forgot, amusement is banned in these hard times.

Thrugelmir

Rochdale_Pioneers wrote: »

What does that have to do with whether or not the two headlines oppose each other? Both were absolutely correct. Choose whichever spin you like, the two stories did not oppose each other as they both reported correctly the facts.

Anyway, Tesco making any profit at all is an impressive performance. They have made some dubious forays into the international marketplace (Fresh n Easy in America having a particularly poor time), they have a vast land bank whose value will have crashed along with the rest of Uk real estate, they've been heavily squeezed by the discounters (Aldi/Lidl/Netto especially) and they're losing UK market share for the first time in decades. They've had to introduce all kinds of lower margin deals and products to stay competitive so UK profits are under the squeeze as well.

Trouble is both articles are precised down to fit the web pages.

Good to see that we still have one sucessful British company, operating overseas in 14 countries and employing some 440,000 people.