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Stock Market & Financial Investment News

News Breaks
November 16, 2012
06:10 EDTTSCDY, JSAIYOFT 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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October 20, 2014
07:16 EDTTSCDYTesco Asia business targeted by private equity groups, The Times says
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06:18 EDTTSCDYTesco executives in South Korea face prosecution, Telegraph reports
Tesco executives could face prosecution in South Korea over claims that the retailer's Homeplus arm sold personal data of over 5M customers to insurance companies, the Telegraph reports. In addition to Homeplus being probed, CEO Sung-Hwan Do and other executives could be investigated for their role in the scandal. Reference Link
October 19, 2014
13:54 EDTTSCDYTesco accounting probe reveals staff's 'inappropriate behavior,' Telegraph says
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October 16, 2014
06:09 EDTTSCDYBerkshire Hathaway cuts Tesco stake to less than 3%, Telegraph reports
Warren Buffett's Berkshire Hathaway (BRK.A) has cut its stake in Tesco (TSCDY) to less than 3%, and now owns 245.3M shares in the supermarket chain, the Telegraph reports. Before October 13, Berkshire owned a 3.97% stake in Tesco. Buffett recently called his investment in Tesco a "huge mistake." Reference Link
October 14, 2014
07:29 EDTTSCDYTesco suspends three more execs as part of accounting scandal, Sky News says
Tesco has suspended three more executives as part of the company's GBP250M "black hole" accounting scandal, Sky News reports. According to sources, the newly suspended executives are Dan Jago, head of beer, wine and spirits, director of convenience Sean McCurley and William Linnane, another category director. Reference Link
October 8, 2014
10:00 EDTTSCDYOn The Fly: Analyst Upgrade Summary
Today's noteworthy upgrades include: ADTRAN (ADTN) upgraded to Buy from Neutral at Goldman... Applied Materials (AMAT) upgraded to Outperform from Underperform at CLSA... Bill Barrett (BBG) upgraded to Neutral from Underperform at Macquarie... CNOOC (CEO) upgraded to Buy from Hold at Jefferies... Calamos (CLMS) upgraded to Market Perform from Underperform at Keefe Bruyette... Calix (CALX) upgraded to Buy from Neutral at Goldman... Cimarex Energy (XEC) upgraded to Outperform from Neutral at Macquarie... Cogent (CCOI) upgraded to Outperform from Market Perform at Raymond James... Coty (COTY) upgraded to Neutral from Sell at B. Riley... Dassault Systemes (DASTY) upgraded to Equal Weight from Underweight at Barclays... EOG Resources (EOG) upgraded to Outperform from Neutral at Macquarie... Glu Mobile (GLUU) upgraded to Buy from Hold at Benchmark Co.... Goldcorp (GG) upgraded to Overweight from Neutral at HSBC... Goodrich Petroleum (GDP) upgraded to Neutral from Underperform at Macquarie... Greif (GEF) upgraded at Wells Fargo... PHH Corp. (PHH) upgraded to Outperform from Market Perform at Keefe Bruyette... Parsley Energy (PE) upgraded to Outperform from Neutral at Macquarie... Rent-A-Center (RCII) upgraded to Buy from Neutral at Northcoast... Royal Gold (RGLD) upgraded to Overweight from Underweight at HSBC... Rush Enterprises (RUSHA) upgraded to Strong Buy at Raymond James... Sanchez Energy (SN) upgraded to Outperform from Neutral at Macquarie... Springleaf (LEAF) upgraded to Outperform from Neutral at Macquarie... TC PipeLines (TCP) upgraded to Neutral from Underweight at JPMorgan... Tesco (TSCDY) upgraded to Neutral from Underweight at HSBC... Vocera (VCRA) upgraded to Outperform at FBR Capital.
06:15 EDTTSCDYTesco suspends fifth executive as part of accounting scandal, Independent says
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05:26 EDTTSCDYTesco upgraded to Neutral from Underweight at HSBC
October 6, 2014
15:39 EDTTSCDYTesco loyalty card unit eyed by private equity firms, Sky News says
Private equity suitors, including TPG, would have interest in acquiring Dunnhumby, a wholly owned Tesco subsidiary that bankers say is worth well over GBP2B, according to Sky News. The retailer rejected a prior approach from TPG, but insiders said that TPG remains interesting in the loyalty card business and other private equity firms would likely join the bidding if a formal auction proceeds, the report added. Reference Link
09:11 EDTTSCDYTesco chairman Broadbent might mull stepping-down, WSJ says
In response to the scrutiny surrounding Tesco due to the investigation regarding the company's profit overstatement, company chairman Richard Broadbent could potentially contemplate stepping-down once a probe into the supermarket giant's accounting practices has been finished, according to The Wall Street Journal, citing people familiar with the situation. Reference Link

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