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Stock Market & Financial Investment News

News Breaks
June 24, 2014
05:26 EDTTSCDYTesco downgraded to Neutral from Outperform at Exane BNP Paribas
News For TSCDY From The Last 14 Days
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January 21, 2015
12:46 EDTTSCDYTesco narrows down chairman candidates, FT reports
Tesco has narrowed down its shortlist of candidates for the chairman role to two, three sources tell The Financial Times. Sir Ian Cheshire, the former CEO of Kingfisher, as well as Barratt Chairman and Dixons Carphone co-deputy Chairman John Allan are said to be vying for the role of Tesco's new chairman, the sources say. Reference Link
January 19, 2015
06:35 EDTTSCDYTesco upgraded to Overweight from Equal Weight at Morgan Stanley
January 14, 2015
10:00 EDTTSCDYOn The Fly: Analyst Upgrade Summary
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09:46 EDTTSCDYAckman says 'unlikely' to invest in McDonald's, Bloomberg reports
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08:18 EDTTSCDYS&P downgrades Tesco to BB+, outlook stable
Standard & Poor's Ratings Services lowered its long-term corporate credit rating on U.K.-based international retailer Tesco PLC to 'BB+' from 'BBB-'. S&P also lowered its short-term rating on Tesco to 'B' from 'A-3'. We remove the ratings from CreditWatch, where S&P placed them with negative implications on December 10, 2014. The outlook is stable. S&P commented "The downgrade reflects our view that, given the structural changes and competitive pressures that Tesco is facing in the U.K. market, the credit supportive financial policy measures announced by Tesco's management are unlikely to sufficiently improve the group's financial risk profile to maintain an investment-grade rating... We anticipate that increased competitive and price pressures in the U.K. from both traditional and discount retailers could suppress any benefits from various management strategies oriented toward improving trading performance. Accordingly, we anticipate that Tesco's profitability will continue to remain under pressure as market competition in the U.K. remains high."
05:37 EDTTSCDYTesco upgraded to Outperform from Neutral at Exane BNP Paribas
January 12, 2015
06:11 EDTTSCDYTesco suspends another executive over accounding scandal probe, Telegraph says
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