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CONSUMER STAPLES: Tesco completes banking business sale

CONSUMER STAPLES

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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.

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(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.

Keep reading...Show less