Tesco PLC share price: TSCO closes higher as 380 job cuts loom — what to watch next week
Tesco shares closed at 425.2p on Friday, up 1.1% for the day and 3% for the week. The company is in talks to cut about 380 jobs, mainly in bakery and Express stores, as it restructures operations. The FTSE 100 rose 0.5%. Investors await the Bank of England rate decision next week and Tesco’s April earnings report.