Tesco: Private equity bid is unlikely but the shares are attractive to income seekers

Tesco is doing a great job keeping its customers happy and this is leading to higher profits. Meaningful growth going forward will be hard to come by but the shares offer a dependable and growing dividend stream.

Photo courtesy of Tesco PLC

Tesco's half year results were very good and highlighted the strength of its customer offer. Higher profit guidance gave the shares a welcome boost but the business faces tough challenges in the years ahead. A focus on cash generation should makes its shares attractive for income seekers.

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