Citi says Tesco could gain from rapid grocery delivery at Sainsbury's expense
Citi has opened a 30-day negative catalyst watch on J Sainsbury PLC (LSE:SBRY), the UK supermarket group, ahead of its half-year results, citing the growing competitive threat from Tesco PLC (LSE:TSCO)'s expansion into on-demand grocery delivery. Tesco launched on-demand grocery delivery through third-party platforms in August and September.
Tesco shares jumped after earnings: is there more upside left?
Tesco share price jumped to 516p last week, its highest level since June after releasing strong financial results. It jumped to a high of 516p, up by 25% from its lowest level this year.
Tesco: Loved The Rally, But I'm Still Holding
Tesco delivered a strong H1 FY 2026 update, lifting EBIT guidance to £3.15–£3.3 billion and driving a notable share price rally. TSCDY's margin gains are driven by premium mix ('Finest' line), operational efficiencies ('Save to Invest'), and robust same-day delivery growth. Capital allocation remains disciplined: debt is controlled, dividends align with EPS, and buybacks are set at £950 million for FY 2026/2027.
Tesco targets rise at Deutsche Bank and Jefferies, ratings diverge
Tesco PLC (LSE:TSCO) received higher price targets from Deutsche Bank and Jefferies as earnings held up despite subdued sales growth, although Jefferies remained cautious about valuation. Deutsche Bank retained its 'buy' rating and raised its target from 525p to 550p.
Tesco raises profit outlook and boosts buyback after strong first half
Tesco PLC (LSE:TSCO), the UK supermarket group, raised the lower end of its full-year profit guidance and increased its share buyback after first-half adjusted operating profit rose 6.5% to £1.78 billion. The company now expects adjusted operating profit of between £3.15 billion and £3.30 billion for 2026/27, compared with its previous range of £3.0 billion to £3.30 billion.
Tesco Lifts Lower End of Profit Outlook on Sales Momentum
The supermarket chain's pretax profit rose 11.5% and it expects further momentum.
Tesco shares supported as Deutsche Bank expects profit to stay on track
Tesco PLC (LSE:TSCO), the UK supermarket group, is expected to report a first-half adjusted operating profit of £1.725 billion, up 3% year on year, despite weaker UK like-for-like sales. Deutsche Bank analyst Benjamin Yokyong-Zoega has cut his forecast for second-quarter UK like-for-like sales growth to 1.7% from 2.2% following softer market data.
Tesco and Sainsbury on notice as Morrison's fights back
Citi has taken a slightly negative view of Tesco PLC (LSE:TSCO) and J Sainsbury PLC (LSE:SBRY) after Morrisons' latest quarterly results, warning of intensifying competition among the big supermarkets. Morrisons, the privately owned grocer, reported like-for-like sales up 3.2% in the 13 weeks to 26 July, a measure that strips out the effect of new store space.
Tesco drops as Shore Capital ends three-year buy call
Shares in Tesco PLC (LSE:TSCO) fell on Wednesday after Shore Capital downgraded Britain's largest supermarket group for the first time in more than three years, arguing the shares have run far enough for now. The stock was down 2.6% at 449.7p in late morning trading, valuing the FTSE 100 company at roughly £28 billion.
Sainsbury's and Tesco slip as heatwave keeps shoppers at home
Shares in J Sainsbury PLC (LSE:SBRY) and Tesco PLC (LSE:TSCO) nudged lower in morning trading after figures showed the heatwave continued to weigh on shopper numbers in July. Total UK footfall fell 2.1% on a year earlier, according to data from the British Retail Consortium (BRC) and Sensormatic, which tracks visitor numbers to retail locations.
Sainsbury's expected to lose delivery market share as Tesco expands
J Sainsbury PLC (LSE:SBRY) is likely to lose out from Tesco PLC's (LSE:TSCO) signing up for Uber Eats and Deliveroo deliveries, according to an analysis by Citi. Britain's largest supermarket announced on July 21 that it would launch on both delivery platforms later this summer.
Tesco's delivery tie-ups given Citi thumbs-up
Tesco PLC's (LSE:TSCO) new partnerships with Uber Eats and Deliveroo offer another route for the supermarket to expand its online business profitably, according to analysts at Citi. The UK's largest grocer said yesterday that it will launch on Uber Eats from August and join Deliveroo later in the summer, giving customers access to groceries through two of the UK's largest delivery platforms.
