Tesco rises on stock market on positive sales in the first fiscal semester

October 07, 2020 13:30

Tesco rises on stock market on positive sales in the first fiscal semester

The main European indices are torn between green and red in the first hours of trading thanks to the good corporate results of large companies such as the British Tesco. The European stock markets are, thus, unmarked by the Wall Street falls caused by the announcement from the President of the United States Donald Trump that there will be no more stimulus until after the elections on November 3.

The largest supermarket chain in the United Kingdom has reported an increase in its sales of more than 6% in the first fiscal semester thanks mainly to the increase in online business, despite the coronavirus pandemic. However, its operating profit fell 15.6%.

The company is satisfied with the result and has announced the payment of a dividend of 3.20 pence per share, higher than a year ago. Its shares have risen more than 3% this morning on the stock market.

The supermarket chain has accumulated, however, an annual drop in the stock market of just over 14% compared to the 34% revaluation of fiscal year 2019. In the past five years it has only closed 2018 in negative.

Admiral Markets MetaTrader 5. Tesco CFD Monthly ChartSource: Admiral Markets MetaTrader 5. Tesco CFD Monthly Chart. Data range: from March 1, 2005, to October 7, 2020. Prepared on October 7, 2020, at 10:30 am. Keep in mind that past returns do not guarantee future returns.

For its part, the German company Dialog Semiconductor has anticipated that it expects an improvement in its revenues in the third quarter of the year, above what it had forecast in mid-August. Its shares are up about 3% on the stock market.

If you want to invest in Tesco shares you can do so with Admiral Markets UK Ltd. You have two options: acquiring your shares directly or through Contracts for Difference (CFD), a product that allows you to take advantage of both bullish and bearish movements. Click on the following banner for more information:

Trade Forex & CFDs


INFORMATION ON ANALYTICAL MATERIALS:

The data provided provides additional information on all analyzes, estimates, forecasts, forecasts, market reviews, weekly outlooks or other evaluations or similar information (hereinafter "Analysis") published on the Admiral Markets website. Before making any investment decisions, pay close attention to the following:

1. This is a marketing communication. The content is posted for informational purposes only and should not be construed as investment advice or recommendation. It has not been prepared in accordance with legal requirements designed to promote the independence of investment research, and is not subject to any prohibition on pre-dissemination of investment research.

2. Each investment decision is made by each client alone, while Admiral Markets UK Ltd (Admiral Markets) will not be liable for any loss or damage arising from such a decision, whether based on content or not.

3. In order to protect the interests of our clients and the objectivity of the Analysis, Admiral Markets has established relevant internal procedures for the prevention and management of conflicts of interest.

4. The analysis is prepared by an independent analyst, Carolina Caro, SEO implementer (hereinafter "Author") based on personal estimates.

5. While all reasonable efforts are made to ensure that all sources of content are reliable and that all information is presented, as much as possible, in an understandable, timely, accurate, and complete manner, Admiral Markets does not guarantee accuracy. or integrity of any information contained in the Analysis.

6. Any past performance or modelling of the financial instruments indicated in the content should not be construed as an express or implied promise, guarantee, or implication of Admiral Markets for any future performance. The value of the financial instrument may rise and fall, and the preservation of the asset's value is not guaranteed.

7. Leveraged products (including contracts for difference) are speculative in nature and may generate profit or loss. Before you start trading, make sure you fully understand the risks.


Avatar-Admirals
Admirals
An all-in-one solution for spending, investing, and managing your money

More than a broker, Admirals is a financial hub, offering a wide range of financial products and services. We make it possible to approach personal finance through an all-in-one solution for investing, spending, and managing money.