UK MARKET TALK ROUNDUP: SHARES LOSING

22nd Jun 2010 08:06

Stocks on the fall in the UK today. Compiled by Dow Jones Newswires Markets Desk, [email protected] Contact us in London. +44-20-7842-9464 [email protected] 0706 GMT [Dow Jones] Shore Capital retains its cautious view on Tesco's (TSCO.LN) Fresh & Easy business from a valuation perspective, after the supermarket giant is reported to have taken over its two key suppliers to the business. Thinks the acquisition may add to the near term losses of Fresh & Easy, extending the drag to earnings in the current year. But Shore anticipates robust EPS growth from Tesco Group, with the prospect of accelerating growth as the drag effect eases. Has Tesco at buy. Tesco shares are -1.2% at 383.5p. Tesco was not immediately available for comment. ([email protected]) Contact us in London. +44-20-7842-9288 [email protected] (END) Dow Jones Newswires June 22, 2010 03:06 ET (07:06 GMT)