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Stock Market & Financial Investment News

News Breaks
November 16, 2012
06:10 EDTJSAIY, TSCDYOFT examines Tesco, Sainsbury loyalty cards, Telegraph reports
Tesco's (TSCDY) Clubcard and Sainsbury's (JSAIY) Nectar loyalty scheme will be scrutinized by the Office of Fair Trading after the watchdog said it will explore personalized pricing on the internet, the Telegraph reports. The OFT is examining how retailers target customers with personalized offers after monitoring their online shopping habits. Reference Link
News For TSCDY;JSAIY From The Last 14 Days
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March 24, 2015
06:52 EDTTSCDYU.S. group to sue Tesco over accounting errors, Guardian says
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March 23, 2015
12:33 EDTTSCDYTesco's Fresh & Easy to sell 30 stores in Southern California, LA Times reports
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06:57 EDTTSCDYSilver Lake weighs GBP2B bid for Tesco's Dunnhumby, Sunday Times reports
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06:04 EDTTSCDYTesco announces 21 store transaction with British Land
Tesco has regained sole ownership of 21 superstores in a transaction with British Land. The agreement comes as Tesco continues to strengthen its core UK business. The 21 superstores and associated debt were part of a joint venture between Tesco and British Land and were all subject to RPI-indexed rent increases. In exchange for the superstores, British Land will take over Tesco’s stake in three shopping centers, three retail parks and three standalone stores which are held in two joint ventures between the two companies. Tesco will continue to lease the stores at these sites at market rents which are not subject to RPI-indexed increases. As part of the transaction, Tesco will also receive GBP96M from British Land.
March 17, 2015
11:38 EDTTSCDYWPP CEO confirms interest in Tesco Dunnhumby unit, City A.M. says
WPP (WPPGY) CEO Martin Sorrell confirmed the company is interested in acquiring Tesco's (TSCDY) Dunnhumby data unit, estimated to be worth as much as $2B, reports City A.M., citing statements given at the Media & Telecoms conference in London. Sorrell noted he was specifically interested in the company's Clubcard loyalty program. Tesco is likely to pursue a majority stake selloff rather than full divestiture, notes the article. Reference Link
March 16, 2015
06:54 EDTTSCDYWPP in race to buy majority stake in Dunnhumby, Telegraph reports
According to sources, WPP PLC (WPPGY) has entered the race to buy a majority stake in Tesco (TSCDY)-owned consumer behavior tracker Dunnhumby, The Telegraph reports. Dunnhumby could be valued at up to GBP2B, the publication says. Reference Link

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