November 01, 2024 07:57 GMT
CONSUMER STAPLES: Tesco completes banking business sale
CONSUMER STAPLES
(TSCOLN; Baa3/BBB- Pos/BBB-)
Equity pay-outs from banking business sale is not news. It is likely looking at a upgrades if it continues running BS on current low leverage - subject to the stellar year not turning south.
- "TESCO INTENDS TO RETURN £700M TO HOLDERS VIA BUYBACK
- Tesco Has Sold Banking Ops to Barclays" - bbg
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