News: Tesco PLC (TSCDF.PK)

TSCDF.PK on OTC Markets Group

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23 Oct 2014
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Tesco sales fell 5.2 pct in 12 weeks to Oct 11 - Nielsen

LONDON, Oct 24 - Sales at troubled British grocer Tesco fell 5.2 percent year-on-year in the 12 weeks to Oct. 11, according to monthly industry data published on Friday.

Tesco getting hammered after rating downgrades

LONDON, Oct 24 (IFR) - Two credit rating agencies have reduced Tesco's rating to the cusp of investment grade after a horrible set of first half numbers on Thursday.

Cost of insuring against Tesco default leaps

LONDON, Oct 24 - The cost of insuring against Tesco defaulting on its debt shot up on Friday, after ratings agency Moody's downgraded Britain's biggest grocer and left the troubled group hovering one notch above junk status.

UK accounting watchdog studying Tesco statements

LONDON - Britain's accounting watchdog, the Financial Reporting Council, said it was scrutinizing supermarket Tesco's announcement on accounting irregularities as it decides whether to take enforcement action.

UK accounting watchdog studying Tesco statements

LONDON, Oct 24 - Britain's accounting watchdog, the Financial Reporting Council, said it was scrutinising supermarket Tesco's announcement on accounting irregularities as it decides whether to take enforcement action.

Tesco accounting black hole deepens, chairman to step down

LONDON - Britain’s largest retailer Tesco reported a bigger than expected hole in its finances on Thursday after finding that accounting transgressions went back further than initially thought, prompting its chairman to quit. | Video

New Tesco boss starts long journey with small steps

LONDON - Retail is detail, the industry adage goes, and new Tesco boss Dave Lewis will be hoping investors and shoppers agree after he unveiled a flurry of small tweaks to Britain's ailing No.1 grocer, but not the big rescue plan many think it needs.

New Tesco boss starts long journey with small steps

LONDON, Oct 23 - Retail is detail, the industry adage goes, and new Tesco boss Dave Lewis will be hoping investors and shoppers agree after he unveiled a flurry of small tweaks to Britain's ailing No.1 grocer, but not the big rescue plan many think it needs.

UPDATE 5-Tesco accounting black hole deepens, chairman to step down

* Chairman Broadbent to step down once new strategy in place

Fitch Downgrades Tesco to 'BBB-'; Negative Outlook

(The following statement was released by the rating agency) LONDON, October 23 (Fitch) Fitch Ratings has downgraded UK-based Tesco PLC's (Tesco) Long-term Issuer Default Rating (IDR) and senior unsecured rating to 'BBB-' from 'BBB', resolving the Rating Watch Negative assigned on 22 September 2014. The Short-term IDR has been downgraded to 'F3' from 'F2'. The Outlook on the Long-term IDR is Negative. A full list of rating actions is available at the end of this commentary. The downgrade ref

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