Tesco turnaround continues

Supermarket titan's recovery is ahead of Dave Lewis' expectations
Tesco ( TSCO ) 178.5p Gain to date: 8.5% Original entry point: Buy at 164.45p, 25 Aug 2016 Our bullish call on Tesco ( TSCO ) remains in the money and full year results (12 Apr) revealed good progress with the grocery giant’s recovery. Although pre-tax profit fell 39% to £145m after a £235m hit for overstating results in 2014, UK like-for-like sales grew 0.9%, the first reported full...

Important information:

These articles are provided by Shares magazine which is published by AJ Bell Media, a part of AJ Bell. Shares is not written by AJ Bell Youinvest.

Shares is provided for your general information and use and is not a personal recommendation to invest. It is not intended to be relied upon by you in making or not making any investment decisions. The investments referred to in these articles will not be suitable for all investors. If in doubt please seek appropriate independent financial advice.

Investors acting on the information in these articles do so at their own risk and AJ Bell Media and its staff do not accept liability for losses suffered by investors as a result of their investment decisions.

The Shares team

Advertising feature

The value of your investments can go down as well as up and you may get back less than you originally invested. We don't offer advice, so it's important you understand the risks, if you're unsure please consult a suitably qualified financial adviser. Tax treatment depends on your individual circumstances and rules may change. Past performance is not a guide to future performance and some investments need to be held for the long term.