Tesco’s titanic turnaround

We’re sticking with the grocer as Dave Lewis’ strategy literally pays dividends
Supermarkets giant Tesco’s ( TSCO ) impressive half year results (4 Oct) confirmed its eagerly-anticipated return to the dividend list after a three-year hiatus. We’d hang on for further gains from the grocer’s turnaround, although we acknowledge the shares have rebounded strongly since June and concerns over a planned £3.7bn merger with wholesaler Booker ( BOK ) remain. Dividend resumption The £15.43bn cap’s half year results proved a milestone,...

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