Loss leader? Ten funds backing a big Tesco turnaround

clock • 5 min read

Richard Buxton has been among the most vocal backers of Tesco this year, but, as the supermarket posts a record £6.4bn loss, which funds have the most conviction in the stock?

Tesco dropped 5% on Wednesday after reporting the worse than expected figures, the sixth largest loss in UK corporate history. Yet the company's shares remain around 20% higher year to date, indicating renewed interest in the stock after a disastrous 2014. A number of challenges remain, not least the margin compression being exerted by the rise of discount rivals such as Aldi and Lidl. But this week's loss will have done little to put off the supermarket's new shareholders, who see new CEO Dave Lewis as having "kitchen sinked" the company to clear the way for a path to renewed grow...

To continue reading this article...

Join Investment Week for free

  • Unlimited access to real-time news, analysis and opinion from the investment industry, including the Sustainable Hub covering fund news from the ESG space
  • Get ahead of regulatory and technological changes affecting fund management
  • Important and breaking news stories selected by the editors delivered straight to your inbox each day
  • Weekly members-only newsletter with exclusive opinion pieces from leading industry experts
  • Be the first to hear about our extensive events schedule and awards programmes

Join now

 

Already an Investment Week
member?

Login

More on UK

OBR defends growth forecast leak as MPs question lack of tariff references in outlook
UK

OBR defends growth forecast leak as MPs question lack of tariff references in outlook

UK growth expectations slashed to 1%

Sorin Dojan
clock 01 April 2025 • 3 min read
Quilter Investors' Lindsay James: Glimmer of hope on the horizon for UK economy
UK

Quilter Investors' Lindsay James: Glimmer of hope on the horizon for UK economy

'UK still has a lot going for it'

Lindsay James
clock 01 April 2025 • 4 min read
Friday Briefing: The UK economy may be more fragile than Rachel Reeves set out
UK

Friday Briefing: The UK economy may be more fragile than Rachel Reeves set out

Friday Briefing

Cristian Angeloni
clock 31 March 2025 • 5 min read
Trustpilot