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Stock Market & Financial Investment News

News Breaks
April 4, 2014
11:20 EDTTSCDYTesco CFO Mcilwee steps down, WSJ says
Tesco CFO Laurie Mcilwee has decided to step down as the company continues to look for results from a long-running turnaround plan, according to The Wall Street Journal, citing comments from Mcilwee. Reference Link
News For TSCDY 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.

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