The U.K. is enduring Blue Monday, the most depressing day of the year, as the weather worsens and Britons get back into the daily grind.» Read More
European stocks finished sharply higher Wednesday as equity markets rallied globally at the end of a torrid month.
Supermarket says its full-year profit was set to exceed analysts' average forecast, despite posting a seventh straight quarter of falling sales.
*Foreign private equity funds have recently raised Asia funds. "What's unique here is MBK has been able to step up to something of a scale that was unprecedented for an Asia fund," said Oliver Stratton at consultancy firm Alvarez& Marsal. Kim grabbed the spotlight in 2013 with the purchase of ING's South Korean business for $1.5 billion, an auction that drew interest...
Europe markets finished higher on Wednesday, reversing earlier losses as Wall Street saw trade bounce back and after their Asian counterparts pared losses.
*Expected to be largest PE deal in Asia. SEOUL/ HONG KONG, Sept 2- British retailer Tesco PLC has picked private equity firm MBK Partners as preferred bidder to buy its South Korean unit, people with direct knowledge of the process said, in a deal that could be valued at as much as $6.6 billion. MBK beat out bids from a combination of buyout firms Affinity Equity Partners...
SEOUL/ HONG KONG, Sept 2- British retailer Tesco PLC has picked private equity firm MBK Partners as preferred bidder to buy its South Korean unit, two people with direct knowledge of the process said, in what is set to be the largest ever private equity deal in Asia. Seoul- based MBK, one of the largest Asia- based private equity firms, is backed in its bid for Tesco's South...
Private equity firm MBK Partners and Singapore state investor Temasek Holdings are bidding for Tesco's South Korea arm.
SINGAPORE, Aug 27- Singapore state investor Temasek Holdings Ltd has partnered Asia- focused private equity firm MBK Partners to bid for the South Korea arm of British supermarket operator Tesco PLC, two people familiar with the matter told Reuters. It is vying against Carlyle Group LP and a consortium comprising Affinity Equity Partners and KKR& Co, Reuters...
European equities closed mostly higher on Friday, as investors kept an eye on Greece's nearing debt deadline.
World's second biggest supermarket chain warned the UK is still tough as it reported slightly better-than-expected first-quarter sales.
European equities closed mixed on Thursday after wobbling in earlier trade, as hopes for a deal between Greece and its creditors seemed to fade.
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European equities closed higher on Wednesday, ending a six-day downward trend, on hopes of further assistance for Greece.
Supermarket group says sales at stores open over a year fell 2.1 percent in the 12 weeks to June 6.
European equities finished higher on Thursday as investors digested fresh data from the euro zone.
European shares finished mixed on Wednesday, as investors digested a slew of earnings from European companies.
Struggling U.K. supermarket Tesco reported a full-year pre-tax loss of £6.38 billion ($9.5 billion) on Wednesday, as the retailer grapples with what it called "tough trading conditions."
Annual profit at Britain's fourth biggest grocer Morrisons slumped 52 percent to an eight-year low, damaged by a strategic decision to slash prices.
Target also forecast modest earnings growth for this quarter.
Tesco has named John Allan as its new chairman, succeeding Richard Broadbent who said in October he would step down.