Tesco PLC
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Joe Rundle, head of trading at ETX Capital, talks about the U.K.'s supermarket business, and advises going long on Tesco, due to its restructuring program.
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Joe Rundle, head of trading at ETX Capital, talks about the U.K.'s supermarket business, and advises going long on Tesco, due to its restructuring program.
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A Hong-Kong entrepreneur spent 18 months operating branded clothing retail stores in India before deciding it was impossible to succeed without paying bribes.
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The European Union voiced strong concern over labor conditions in Bangladesh after a building collapse there killed hundreds of factory workers, and said it was considering action to encourage improvements.
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Thailand's richest man bid $6.6 billion to buy cash-and-carry wholesaler Siam Makro from Dutch firm SHV Holdings, the biggest Asia-Pacific M&A deal this year.
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Tesco wrote down the value of its global operations by $3.5 billion and announced plans to exit the U.S., after a year in which profit fell for the first time in two decades.
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Laurie McIlwee, CFO of Tesco, talks to CNBC about why the company failed in the US and what their growth strategy is in Europe.
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Stewart Richardson, partner at RMG Wealth Management, tells CNBC that the UK consumer is in a difficult place and the government must do more to help the private sector.
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Jim McCaughan, CEO of Principal Global Investors, tells CNBC that Tesco was unlucky in the US as they came into competition with Wholefoods which dominated that market.