Report
Clement Genelot

Tesco: H1 EBIT beat and a welcome FY EBIT guidance upgrade

Post Tesco's strong set of H1 figures (particularly EBIT while sales were just in line), we view the FY retail EBIT guidance upgrade to "around GBP2.9bn" as sufficient enough to please investors and prompt a few estimates upgrades among sell-side analysts. Tesco's exposure to the healthy UK market
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Provider
Bryan Garnier
Bryan Garnier

Since 1996, Bryan, Garnier & Co has been growing with an absolute conviction that the investment banking landscape would experience a major revolution: most of the large local generalist banking groups will disappear to the benefit of a handful of global powerhouses, and an emerging group of independent, highly specialised boutique investment banks.

Analysts
Clement Genelot

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