London, June 11, 2026, 16:06 BST
- Tesco traded at 474.50p to 474.70p, up 5.40p, or 1.15%. The FTSE 100 was also in the green.
- Tesco bought back 1,967,301 shares on June 10, paying an average price of 464.74p, the latest RNS showed.
- The date for Tesco’s Q1 2026/27 trading statement is June 18, giving investors a calendar point to watch.
Tesco PLC stock pushed higher again in London on Thursday, with the supermarket staying in the spotlight as investors looked at a firmer FTSE 100, active buybacks and an upcoming trading update next week. Hargreaves Lansdown showed Tesco selling at 474.50p and buying at 474.70p, up 5.40p or 1.15%. The FTSE 100 was indicated up 0.82% based on delayed data.
Tesco shares jumped 2.92% to £4.69 on Wednesday, ahead of the FTSE 100’s 0.27% rise. The index finished at 10,254.81. MarketWatch said volume was 12.3 million shares, below the 50-day average of 19.0 million.
UK equities found support Thursday, with London’s FTSE 100 up June 11 as financial stocks climbed, Reuters said. Worries around the Middle East kept investors from taking on more risk. Bigger, defensive outfits like Tesco often benefit from a stronger index, as investors lean towards firms with reliable cash flows.
Tesco’s latest daily buyback update showed it bought 1,967,301 ordinary shares on June 10 as part of its ongoing £750 million buyback programme. The shares went for an average price of 464.74p each and were bought for cancellation. Tesco has now repurchased 64,787,740 shares since the programme started on April 22, spending £295.1 million so far, according to the filing.
Tesco picked up 2,007,363 shares at an average price of 455.47p on June 9. With that, the company said total buybacks since April 22 reached 62,820,439 shares, for £285.9 million. The numbers give a sense of how fast the buyback has moved this month.
Tesco linked the buyback to its broader capital return plan set out with preliminary results. Back in April, the company said it would do another £750 million share buyback by April 2027, after finishing the £1.45 billion buyback it announced in April 2025. Tesco also proposed a final dividend of 9.7p a share, bringing the full-year payout to 14.5p.
Tesco is under pressure to keep up its sales momentum as competition among UK grocers stays fierce. In its FY 2025/26 preliminary numbers, Tesco posted 52-week sales before VAT and fuel at £66.59 billion, up 4.3% at constant rates. Adjusted operating profit came in at £3.15 billion, rising 0.6%. Looking ahead, Tesco forecast adjusted operating profit between £3.0 billion and £3.3 billion for FY 2026/27, and set a new target for £500 million in Save to Invest savings.
Grocery-market numbers out this week gave investors more data to watch as the market-share battle goes on. Worldpanel by Numerator reported Tesco’s sales up 3.2% for the 12 weeks to May 17, with market share ticking up to 28.2% from 27.9%. Sainsbury’s came in at 15.2%, Asda at 11.5%, Aldi at 10.8% and Morrisons at 8.3%, according to the same release.
Lidl pushed ahead of Morrisons as Britain’s fifth-biggest grocer, grabbing an 8.6% market share in the 12 weeks to May 17, according to Worldpanel data, as grocery inflation slipped to 3.1% like-for-like. Tesco investors are now watching to see if loyalty pricing, size and cost cuts can hold volume and market share gains without eating into margins.
Tesco’s next big update is coming up. The retailer has its Q1 Trading Statement 2026/27 set for June 18, according to the company’s investor calendar. Interim results are down for October 8. With shares moving higher, the next announcement will be watched for signs on food volumes, pricing, Clubcard loyalty trends, and if the full-year profit target still holds.
