Managing finance resources
2013
Umar hafeez abbasi
City of London college
4/26/2013
Managing finance resources
Introduction
Tesco come in existence at time of 1919, it is one of the largest supermarkets nowadays in concern with UK market and apart from that it is also have a big human source with around 260,000 employees. Thus it is appropriate for the second part of this assignment along with also have great wonderful history of managing finance and information management.
The headquarters of the company is situated in Cheshunt, United Kingdom (Tesco, 2011). It is a public company with its shares listed in the London Stock Exchange. Tesco PLC has also got a second listing in the Irish Stock Exchange under the TESCO PLC. Tesco controls the largest share in the UK retail market with 2009 statistics indicating that the company controlled. The biggest competitors in UK are Asda, Morrisons and Sainbury with market shares of 16.9%, 16.3 and 12.3 respectively (Tesco, 2011). However, in the global arena the completion picture is much different. Tesco PLC has to compete with giant retail stores such as Wal-Mart and Carrefour.
Apart from retail services the company also provides other services such banking, insurance, telecommunication, internet and DVD rental. The company operates in 17 countries in Europe, Asia and North American with Britain being its key market. This analysis indicates that the company has enjoyed a period of growth over the last 5 years. The company volume of sales has been increasing for the last 10 years with the year ending February 2011 recording the highest volume of sales in the company’s history (http://www.tescoplc.com accessed on 20 April 2013).
In present situation, an investment firm looking for doing investment in food and clothing sector. Here, Investment Company wants to know about the financial performance of Tesco PLC. Investment Company used to do investment in natural resources, such as gold, diamonds,...