UK MARKET TALK ROUNDUP: SHARES LOSING
30th Jun 2010 11:00
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] 1000 GMT [Dow Jones] Citigroup cuts Tesco (TSCO.LN) price target to 350p from 400p. Says by putting Tesco on more comparab
Read moreMARKET TALK: Citi Cuts Tesco Price Target; Accounting Focus
30th Jun 2010 11:00
1000 GMT [Dow Jones] Citigroup cuts Tesco (TSCO.LN) price target to 350p from 400p. Says by putting Tesco on more comparable accounting to other companies in the sector, it appears to be a much less profitable business. As a result, Citi's alternative FY '09/'10 EPS is 24.2p versus Tesco's underlyin
Read moreTesco To Price April 2040 Mortgage Bond At Gilts +1.70 Area
30th Jun 2010 09:54
LONDON (Dow Jones)--U.K. retailer Tesco PLC (TSCO.LN) has set guidance on its planned 30-year, sterling-denominated, benchmark bond, backed by a commercial mortgage loan, in the area of 170 basis points over gilts, a banker involved in the deal said Tuesday. The collateral for the loan is the le
Read more2nd UPDATE: Tesco Plans Benchmark Commercial Mortgage Bond
29th Jun 2010 15:44
(Adds detail) By Mark Brown Of DOW JONES NEWSWIRES LONDON (Dow Jones)--U.K. retailer Tesco PLC (TSCO.LN) is planning to issue a sterling-denominated benchmark bond, backed by a commercial mortgage loan, a banker involved in the deal said Tuesday. The collateral for the loan is the le
Read moreUPDATE: Tesco Plans Benchmark Commercial Mortgage Bond
29th Jun 2010 14:12
(Adds background.) By Mark Brown Of DOW JONES NEWSWIRES LONDON (Dow Jones)--U.K. retailer Tesco PLC (TSCO.LN) is planning to issue a benchmark bond backed by a commercial mortgage loan, a banker involved in the deal said Tuesday. The collateral for the loan is the leasehold intere
Read moreTesco Plans Benchmark Commercial Mortgage Bond
29th Jun 2010 13:46
LONDON (Dow Jones)--U.K. retailer Tesco PLC (TSCO.LN) is planning to issue a benchmark bond backed by a commercial mortgage loan, a banker involved in the deal said Tuesday. The collateral for the loan is the leasehold interest in 41 U.K. commercial properties, all of which are let to Tesco-rela
Read morePRESS RELEASE: Fitch Assigns Tesco Property Finance 3 Expected 'A-' Rating
29th Jun 2010 13:42
Link to Fitch Ratings' Report: Tesco Property Finance 3 plc 16-JUN-2010http://www.fitchratings.com/creditdesk/reports/report_frame.cfm?rpt_id=534569Fitch Ratings-London-29 June 2010: Fitch Ratings has assigned Tesco Property Finance 3 Plc's forthcoming fixed-rate GBP950.2m* class A notes, due April
Read morePRESS RELEASE: S&P Rates Tesco Property Finance 3's U.K. CMBS
29th Jun 2010 13:01
The following is a press release from Standard & Poor's: OVERVIEW -- We have assigned a preliminary 'A-' credit rating to Tesco Property Finance 3's fixed-rate notes. -- This will be a sale and leaseback transaction involving 41 properties The Tesco Passaic Limited Partnership owns.
Read morePRESS RELEASE: Moody's Assigns Provisional Rating To Emea Cmbs Issued By Tesco Property Finance 3 Plc
29th Jun 2010 12:33
The following is a press release from Moody's Investors Service: GBP[950.15] million of EMEA CMBS rated London, 29 June 2010 -- Moody's Investors Service has assigned the following provisional long-term rating to the proposed issue of Tesco Property Finance 3 Plc: GBP[950.15] million Secured [_
Read morePRESS RELEASE: Moody's Assigns Provisional Rating -2-
29th Jun 2010 12:33
WHATSOEVER. MIS, a wholly-owned credit rating agency subsidiary of Moody's Corporation ("MCO"), hereby discloses that most issuers of debt securities (including corporate and municipal bonds, debentures, notes and commercial paper) and preferred stock rated by MIS have, prior to assignment of any r
Read moreLondon close: Footsie sinks to two-week low
24th Jun 2010 16:42
An afternoon rally fizzled as Wall St opened lower sending Footsie close to its low for the day. Miners were a poor market all day and ENRC, Kazakhmys, Lonmin, Fresnillo and Xstrata were the big losers on fears of a double-dip recession. Elsewhere in the resource sector oil giant BP said the low
Read moreFTSE 100 movers: Miners decline on double-dip fear
24th Jun 2010 15:17
Recession fears have knocked miners today. Concerns about demand mean that seven out of the top ten fallers are miners. Kazakhmys and ENRC top the fallers. BP continues to decline after further problems with the Deepwater Horizon. However, the lower marine riser package (LMRP) cap containment sy
Read moreDiageo Sees Little Or No Sales Growth In Europe Next Year
24th Jun 2010 14:48
LONDON (Dow Jones)--Sales at Diageo PLC's (DGE.LN) European business will be only modestly higher in the second half of its current financial year, with little or no growth in the following year, the division's president said Thursday in a gloomy assessment's of the drinks giant's prospects. "Th
Read moreUPDATE: Asda's Bond: UK Grocers Face Two Years Of Limited Growth
24th Jun 2010 13:03
(Adds details, background.) By Simon Zekaria Of DOW JONES NEWSWIRES LONDON (Dow Jones)--The chairman of supermarket chain Asda Group Ltd., Andy Bond, said U.K. grocers are facing two years of limited growth as the retail sector battles macroeconomic headwinds. In an interview with
Read moreBroker tips: Glaxo, Micro Focus, DSG
24th Jun 2010 13:00
If GlaxoSmithKline pulls the trigger and launches its Lucozade brand in the US, it could be the key to unlocking shareholder value and rectify the stock's underperformance relative to fellow pharmaceuticals giant AstraZeneca, Panmure Gordon reckons. The size of the US market for soft drinks is arou
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