Buy Tesco Shares – 0% Commission

Looking for a share trading app to trade TESCO that ticks all your boxes?

UK Share Trading Apps 2021

Trading Platforms:Features:*Go To Site:
dEGIRO sHARE dEALINGDEGIRO are one of largest and cheapest brokers in Europe. Access to over 50 markets in 30 countries. Low commissions/fees. User-friendly, simple platform.

Investing involves risk of loss.

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HL Share DealingHargreaves Lansdown The UK's #1 broker. Price improvement service helps you get the best price for your shares.

Capital at risk.

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eToro Share DealingeToro offers 0% Commission Trading. Free access to TipRanks expert share analysis.

67% of retail investor accounts lose money. Capital at risk.

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IGIG Trade & invest with the world's leading online trading provider.** Trade over 17,000 markets with spread bets and CFDs and invest in thousands of global shares & ETFs.

70% of retail investor accounts lose money. Capital at risk.

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Fineco Bank has 1.3 million clients. No inactivity charges. SPECIAL OFFER: £500 in trading commissions - open an a/c by 31st Dec. & get £500 trading commission to use within 3 months. T&Cs apply.

Capital at risk.

See Deal »
Freedom 24 offer lowest fees in Europe. Listed on NASDAQ. Great for IPOs.

Capital at risk.

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AJ Bell SharedealingAJ Bell offers overseas trading in 24 international markets.

Capital at risk.

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ii Share DealingInteractive Investor are the UK's #1 flat fee platform. Over 350,000 customers.

Capital at risk.

See Deal »

*Please note that additional fees may be applied by platform/App providers for their services.
** No 1 For CFDs and spread betting, based on revenue excluding FX (published financial statements, June 2020).

We show you…

How to buy TESCO shares

Our view:  The next generation of online platform apps means you can get setup & buy TESCO shares in as little as 10 minutes!

      1. Select a share platform
      2. Open your share account – To do this you will need your bank details and national insurance number
      3. Fund your account – You will need to fund your a/c with a debit or credit card or bank transfer
      4. Search for the share using the TESCO stock code – Type in the stock code TSCO into the search box
      5. Check out the latest info and price for TESCOSome platforms offer free research and analysis
      6. Buy the number of  TESCO shares you want – Nice and easy!

eToro – Offers 0% commission free trading

“eToro is the world’s largest community of traders and investors, numbering more than 10 million from more than 140 countries.”

One of the attractions of eToro as a platform is the ability to participate in copy and social trading.

CopyTrader is eToro’s most popular feature and allows you to view what traders are doing in real time and copy their trading automatically. If you are a beginner learning the basics or simply don’t have time to watch the markets, this feature allows you to leverage other traders expertise.

Buy US, UK & International StockseToro Share Dealing

Capital is at risk. 

  • 0% commission on stocks (other fees apply)
  • Copy successful traders
  • Features for novices & experts
  • Free access to TipRanks expert share analysis
  • Editors choice “Great for new traders”

Go To Site »

Why use a platform to buy TESCO shares?

You don’t have to buy TESCO shares using a platform.

You could go down the old-school route using a stock broker directly to buy for you.

This can involve lots of paperwork and waiting for the postman to send you paper statements which for some people may be perfectly adequate.

Your preference may be to deal with a real person to make things happen – whilst this can work it can be slow and cumbersome and potentially more expensive.

The good news is that with advances in technology,  investors now have significant choice when buying shares abroad.

Benefits of using a platform include:

      • Lower costs
      • Easy access to the UK and global share market
      • 24/7 access to your investments
      • You can hold all your tax efficient investments such as ISAs and SIPPs in one place:  including lifetime ISAs, right to buy ISAs and  junior ISAs


A brief history of TESCO:

Founded in 1919 by Jack Cohen, the firm had its early beginnings as a group of market stalls in the Hackney area of London.

The company name came about when Cohen purchased some tea from  suppliers T E Stockwell and using the first 3 letters combining it with his own name came up with “Tesco”.

The first Tesco store was opened in 1929 in Edware in London with Tesco Tea sold as its first branded product.

Having been to the US Cohen brought back the idea of “Self-service” to the UK which was to revolutionize the way we shop.

In 1947 the Company was floated on the stock exchange with a share price of 25p.

The 1950s saw a period of rapid expansion for the firm with over 500 stores purchased and in the 1960s the Company broadened its offering into household good and clothing and started opening superstores.

In the 1970s Tesco moved into selling fuel and introduced petrol stations at its major sites.


The 1980s saw Tesco launch its own brand “healthy eating” range, the first supermarket to do this at affordable prices.

In the early 1990s Tesco started opening smaller sites known as “Tesco Extra” or “Tesco Express” stores into town centres as well as launching a “value” range of products at low prices.

In the mid 1990s Tesco started branching out in Europe with stores opened in Poland, Slovakia & Ireland and further afield in Thailand and India. In 1995 Clubcard was launched. Tesco moved into personal finance in 1997 and luanched its “Finest” range in 1998.

In 2000 Tesco went online with 20m people visiting the site today every month.

A key driver of Tesco’s growth has been teh early adoption of technology e.g. being the first to build self service tills, an early adopter of contactless payment technologies and barcodes.

TESCO Financial Overview:

Tesco’s market capitalisation as at 10/2/2021 is £24.2bn. The Company has a P/E ratio of 13.41

Should I buy TESCO shares?

Broker commentary:

Hargreaves Lansdown: (14th Jan 2021)  

“Groceries are a defensive sector: no matter what happens, we need to eat. But on top of that, we’re fans of Tesco’s strategic direction and think online shopping offers real potential. These factors should give it an edge over some rivals”.

“The prospective yield is supported by what should be reliable revenue too. Remember no dividend is ever guaranteed. The question from here is how severely, and quickly, competitive pressure mounts. A fast change in the status quo would disrupt progress.

Tesco Group sales rose 7.0% to £19.9bn in the 19 weeks to 11 January 2021. That reflects strong trading across the third quarter, and a record Christmas. That was entirely driven by the UK & Ireland, with Central Europe and Tesco Bank recording declines.

The “increasing severity” of the pandemic means Tesco has upped its predicted Covid-related costs for the full year by £85m, to £810m.

However, this is expected to be offset by increased sales. Full year guidance is unchanged – underlying retail operating profit is expected to be “at least” at the same level as last year”.

 

IMPORTANT:

No news, feature article or comment should be seen as a personal recommendation to invest. Prior to making any decision to invest, you should ensure that you are familiar with the risks associated with a particular plan. If you are at all unsure of the suitability of a particular product, both in respect of its objectives and its risk profile, you should seek independent financial advice.

The value of shares, ETFs and ETCs bought through a share dealing account, a stocks and shares ISA or a SIPP can fall as well as rise, which could mean getting back less than you originally put in. Past performance is no guarantee of future results.

Spread bets and CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. Between 67%-70% of retail investor accounts lose money when trading CFDs. You should consider whether you understand how spread bets and CFDs work, and whether you can afford to take the high risk of losing your money. Professional clients can lose more than they deposit. All trading involves risk.

Tax treatment of ISAs depends on your individual circumstances and is based on current law which may be subject to change in the future. ISA transfer charges may apply, please check with your provider.

Written by Editorial Team ,
3rd October 2021