Loss leader? Ten funds backing a big Tesco turnaround

Loss leader? Ten funds backing a big Tesco turnaround

clock

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 Professional Adviser for free

  • Unlimited access to real-time news, industry insights and market intelligence
  • Stay ahead of the curve with spotlights on emerging trends and technologies
  • Receive breaking news stories straight to your inbox in the daily newsletters
  • Make smart business decisions with the latest developments in regulation, investing retirement and protection
  • Members-only access to the editor’s weekly Friday commentary
  • Be the first to hear about our events and awards programmes

Join

 

Already a Professional Adviser member?

Login

More on Investment

Watch Professional Adviser's Working Lunch with Schroders - Beyond the Pulse: Essential insights for financial advisers in 2025

Catch up on the discussion

Professional Adviser
clock 10 July 2025 • 1 min read
Investors 'do not understand' implications of private markets investing

Investors 'do not understand' implications of private markets investing

House of Lords Financial Services Regulation Committee looked at the issues

Linus Uhlig
clock 09 July 2025 • 1 min read
NextWealth MD Hopkins on staying ahead of advice sector changes, data challenges and flattening MPS fees

NextWealth MD Hopkins on staying ahead of advice sector changes, data challenges and flattening MPS fees

Making technology work better

Katrina Lloyd
clock 03 July 2025 • 9 min read