UK's Tesco rises on full-year sales growth, $1 billion buyback

Tesco

16/04/2026 08:40

** Tesco TSCO.L shares up nearly 2% at 480.95p

** Among top gainers on FTSE 100 .FTSE, which is up 0.15%

** Co reports FY group like-for-like (LFL) sales growth of 3.5%, with UK LFL up 4.2%

** Announces 750 million pounds ($1.02 billion) share buyback; raises full-year dividend by 5.8% to 14.5p

** Targets further 500-mln-pound in cost savings through the Save to Invest programme in FY 26/27

** Save to Invest ahead of FY 25/26 target at c. 535 mln pounds

     ** YTD, stock up about 9% vs FTSE 100 index's 6.5% rise

($1 = 0.7370 pounds)

(Reporting by Judes Joseph in Bengaluru)

((judes.joseph@thomsonreuters.com;))