Tesco bond investors more loyal than shoppers

Tesco click and collect for new website
By Jon Hay
26 Jun 2014

Tesco, the biggest UK supermarket group by revenue, launched its first bonds since November on Tuesday, raising €2bn in a successful deal that showed bond investors are not worried by the torrid time the company is having operationally.

Tesco has been hammered in the press and by stockmarket investors for its falling profits, as German discounters Aldi and Lidl have eaten into the market shares of all the leading UK grocers.

Midmarket rival Morrisons, which is likely to launch its own bond on Friday ...

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