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How Tesco Has Fared During 2012

Sonia Rehill
November 2, 2012

LONDON -- Tesco (LSE: TSCO.L  ) (NASDAQOTH:¬†TSCDY.PK) has dropped 20% from its 2011 high of more than 400 pence to about 320 pence so far during 2012, making the share one of this year's disappointing performers in the FTSE 100. During the same time, the blue-chip index has gained 5% and generated a total return of 9%.

The U.K.'s biggest supermarket chain has had a tough time this year dealing with boardroom changes, embarrassing pricing glitches, and a slowdown in consumer spending. In April, Tesco's full-year results showed a small increase in underlying pre-tax profits for the group to 3.9 billion pounds. It lifted its dividend by 2% to 14.7 pence per share and also announced a 1 billion pound commitment to "Building a Better Tesco" for U.K. customers.

At the time, Philip Clarke, Tesco's newly appointed chief executive, said: 

While our International business is delivering excellent growth, contributing 1.1 billion pounds of profit to the Group, we fully recognise that we need to raise our game in the U.K. As a result, we are committing over 1 bi