UK MARKET TALK ROUNDUP: BROKERS COMMENTS
9th Jul 2010 12:29
Broker comments in the UK today. Compiled by Dow Jones Newswires Markets Desk, [email protected] Contact us in London. +44-20-7842-9464 [email protected] 1129 GMT [Dow Jones] Tesco (TSCO.LN) shares are undervalued, Credit Suisse analysts say. "For the first time in many years, T
Read moreMARKET TALK: Tesco Shares Undervalued - Credit Suisse
9th Jul 2010 12:29
1129 GMT [Dow Jones] Tesco (TSCO.LN) shares are undervalued, Credit Suisse analysts say. "For the first time in many years, Tesco now looks at least as undervalued on an absolute basis as any other European food retailer," the broker says. "Returns are now likely to go up. Tesco's sales/profit track
Read moreTesco Has No Plans To Open Standalone Clothing Store
9th Jul 2010 10:01
LONDON (Dow Jones)--U.K. supermarket giant Tesco PLC (TSCO.LN) Friday said it has no plans to open a standalone clothing store in the U.K., contrary to an earlier report. "We're always looking for new development opportunities, but we have no specific plans for an F&F store in the UK," a Tesco s
Read moreMARKET TALK: Tesco Clothing Store Worth Trialing -RBS
9th Jul 2010 09:26
0826 GMT [Dow Jones] Tesco's (TSCO.LN) reported decision to open a standalone clothing store in London's West End shopping district is logical as it is a concept worth trialing, Royal Bank of Scotland analyst Justin Scarborough says. "To leverage its brands such as F&F (formerly called Florence & F
Read moreUK MARKET TALK ROUNDUP: BROKERS COMMENTS
9th Jul 2010 09:26
Broker comments in the UK today. Compiled by Dow Jones Newswires Markets Desk, [email protected] Contact us in London. +44-20-7842-9464 [email protected] 0826 GMT [Dow Jones] Tesco's (TSCO.LN) reported decision to open a standalone clothing store in London's West End shopping d
Read moreTesco To Open Standalone Clothing Store - Report
9th Jul 2010 07:15
LONDON (Dow Jones)--U.K. supermarket giant Tesco PLC (TSCO.LN) is to open a standalone clothing store in London's West End shopping district, the fashion trade magazine Drapers reports Friday. The supermarket, which already sells clothes in its superstores, will brand the shop F&F after Tesco's
Read moreNew Bank Bid Vehicle To List On LSE In Weeks - Source
8th Jul 2010 12:48
By Marietta Cauchi Of DOW JONES NEWSWIRES LONDON (Dow Jones)--Two city heavyweights are behind a new bank bid vehicle expected to list on the London Stock Exchange within weeks and buy up banking assets being sold by U.K. banks, a person familiar with the situation told Dow Jones Newswires
Read moreSainsbury Shares Soar On New Qatari Bid Rumors
8th Jul 2010 04:49
(This item was originally published Wednesday.) LONDON (Dow Jones)--J Sainsbury PLC (SBRY.LN) shares soared Wednesday on renewed speculation that minority shareholder Qatar Investment Authority, or QIA, is preparing a bid for the U.K. supermarket group. At 1143 GMT, Sainsbury shares were up
Read moreAmazon Opens Online Grocery Service In UK - Reuters
8th Jul 2010 02:14
DOW JONES NEWSWIRES Amazon.com Inc. (AMZN) on Wednesday started an online grocery service in the U.K., the Reuters news agency reported on its website. The U.S. online retailer joins the fray with Tesco PLC (TSCDY), Wal-Mart Stores Inc.'s (WMT) Asda, J Sainsbury PLC (JSAIY) and Ocado, whi
Read moreAeon Sets Sights On Carrefour Supermarkets In SE Asia -Nikkei
7th Jul 2010 21:00
TOKYO (Nikkei)--Aeon Co. (8267.TO) is considering snapping up the supermarket stores in Southeast Asia that could become available if France's Carrefour SA (CA.FR) pulls out of Thailand, Malaysia and Singapore, The Nikkei reported in its Thursday morning edition. Carrefour, the world's second-la
Read more2nd UPDATE: Tesco Sells 41 Stores In GBP950M Property Deal
7th Jul 2010 18:48
(Adds background, detail.) By Marietta Cauchi Of DOW JONES NEWSWIRES LONDON (Dow Jones)--British supermarket giant Tesco PLC (TSCO.LN) said Wednesday that it has sold 41 stores in a sale and leaseback deal that will generate around GBP950 million as part of its continuing program to ex
Read moreUPDATE: Tesco Sells 41 Stores In GBP950M Property Deal
7th Jul 2010 17:45
(Adds detail.) By Marietta Cauchi Of DOW JONES NEWSWIRES LONDON (Dow Jones)--Tesco PLC (TSCO.LN), the world's fourth-biggest retailer by sales, said Wednesday that it has sold 41 stores in a sale and leaseback deal that will generate around GBP950 million as part of its continuing prog
Read moreTesco Sells 41 Stores In GBP950M Sale And Leaseback Deal
7th Jul 2010 17:18
By Marietta Cauchi Of DOW JONES NEWSWIRES LONDON (Dow Jones)--Tesco PLC (TSCO.LN), the world's fourth-biggest retailer by sales, said Wednesday that it has sold 41 stores in a sale and leaseback deal that will generate some GBP950 million as part of its continuing program to extract more va
Read moreTesco Sold 41 Stores For Over GBP950M With Initial Net Yield 4.9%
7th Jul 2010 16:59
LONDON (Dow Jones)--Tesco PLC (TSCO.LN), the international retailer, said Wednesday that in a new sale and leaseback transaction as part its ongoing program to release value from its U.K. property portfolio, it sold 41 stores for more than GBP950 million realizing an average net initial yield of 4.9
Read morePRESS RELEASE: Moody's Assigns A Definitive Rating Of A3 To Gbp 958.45 Million Emea Cmbs Issued By Tesco Property Finance 3 Plc
7th Jul 2010 16:56
The following is a press release from Moody's Investors Service: GBP 958.45 million of EMEA CMBS rated London, 07 July 2010 -- Moody's Investors Service has assigned the following definitive long-term rating to the issue of Tesco Property Finance 3 Plc: GBP958.45 million Secured 5.744 per cent.
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