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Tesco PLC (LON:TSCO) Expansion Plan

Tesco PLC (LON:TSCO) has planned a new £10 million development.

Tesco PLC (LON:TSCO) shares stood at 435.45 at the end of the last trading session.

Tesco PLC (LON:TSCO) Expansion Plan

Tesco PLC (LON:TSCO) is drawing up plans to build a new store on the site of a former South Yorkshire primary school. If approved, the company says the £10 million scheme will be a ‘significant investment’, creating 140 jobs in-store and around 100 temporary construction roles at the site, in Market Street, Hoyland. The plans involve a 20,000 sq ft store with the latest environmentally-friendly designs.

Matthew Magee, corporate affairs manager of Tesco PLC (LON:TSCO) said that, “We are looking to consult in the next couple of months and would be very keen to hear what people think about our proposals and what they would like to see in the store.”

If you’re looking to make a move on the Tesco PLC (LON:TSCO) stocks, make sure you do it at the right price. Timing the market or technical analysis is often a difficult task, but do consider the price history:

Price History
Last Price: 435.45
52 Week Range: 368.40- 454.90

We’ll be keeping a close eye on the Tesco PLC (LON:TSCO) stock price for developments over the next few weeks.

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