We give our thoughts on what to expect from companies announcing results week commencing 6 April 2020.
Companies reporting w/c 6 April
Tesco Plc (Q4 2020 Earnings Release)
The market will be keen to be updated on the current situation and the possible benefit of more people staying and eating at home. The group has taken on a significant number of new staff to help with stacking the shelves and deliveries. A recent market survey showed group market share had recently fallen to 26.8%.
We currently list Tesco as a HOLD
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