Tesco is to increase the pace of its expansion in the US, it announced on Tuesday, roughly doubling the rate of its current roll-out of the Fresh & Easy chain, even as it announced the closure of 13 stores. The plan will bring the chain close to 400 stores
Source: www.ft.com
European, U.S. Stock-Index Futures Fluctuate; Tesco May Move - BusinessWeek
Oct. 5 (Bloomberg) -- European stock-index futures fluctuated as Moody’s Investors Service said it may cut Ireland’s credit rating, offsetting better-than-estimated profit at Tesco Plc. U.S. futures and Asian shares were little changed. Tesco may move
Source: www.businessweek.com
UK grocer Tesco says 1st half profit up 15 percent, sales up 8 percent - Republic
LONDON — Tesco PLC, the world's third-largest retailer, said Tuesday that its first-half profit rose by 15 percent as the grocery company benefited from recovering economies, particularly in Asia. For the six months ending Aug. 28, Tesco reported a net
Source: www.therepublic.com
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UPDATE 3-Harbinger sells half of Inmarsat stake - Reuters
NEW YORK/LONDON Oct 5 (Reuters) - U.S. hedge fund firm Harbinger Capital Partners said on Tuesday that it had halved its stake in British satellite operator Inmarsat ( ISA.L ) at a time the $9 billion fund firm is making a large wireless bet. New York
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