Tesco Names Davies as U.K. Head, Won't Pay Final Dividend

The transcript discusses Tesco's financial strategies, including no final dividend for the year, selling Blinkbox, and restructuring plans under new CEO Matt Davies. The focus is on improving competitiveness, restructuring offices, and strengthening the balance sheet. Efforts to regain investor and consumer trust are highlighted, with emphasis on price reductions and staffing improvements.

What was the market's expectation for Tesco's UK sales drop during Christmas?

• 1%

• 2%

• 3.5%

• 5%

What is one of the key strategies Tesco is implementing to improve competitiveness?

• Increasing dividend payouts

• Restructuring offices and closing unprofitable stores

• Expanding into new international markets

• Introducing new product lines

How much does Tesco expect to save annually from restructuring?

• £100 million

• £750 million

• £250 million

• £500 million

What financial issue is threatening Tesco's credit rating?

• Decreasing market share

• High debt levels

• Pension deficit

• Low cash reserves

What is Tesco's third key priority in their strategic plan?

• Reducing operational costs

• Increasing market share

• Regaining consumer trust

• Expanding product range