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Another City investment heavyweight is attacking Tesco's mega-merger with Booker

Business & Finance : Business Insider: Clusterstock

LONDON — Hermes Fund Managers criticised Tesco's planned £3.7 billion ($4.6 billion) mega-merger with wholesaler Booker, less than a week after two of Tesco's biggest shareholders also attacked the deal. Saker Nusseibeh, CEO of Herm...

Tesco has scrapped the sale of its Dunnhumby data and loyalty unit — without Tesco it had little value to outside buyers (WPP, WPPGY, TSCO)

Business & Finance : Business Insider: Money Game

Britain's biggest retailer Tesco has confirmed it has scrapped the planned sale of its Dunnhumby data and loyalty unit. In the supermarket's lousy first half results posted Wednesday, in which its interim profits halved, Tesco said ...

Tesco first-half profit more than halves

Business & Finance : Business Insider: Money Game

LONDON (Reuters) - Britain's biggest supermarket Tesco on Wednesday posted a 55 percent slump in first-half profit, showing the scale of the financial damage wrought by discount groups and raising questions over boss Dave Lewis' tur...

Tesco is buying Britain's biggest wholesale food supplier Booker in a £3.7 billion deal

Business & Finance : Business Insider: Clusterstock

LONDON — Supermarket Tesco on Friday announced a deal to merge with Booker, the UK's largest wholesale food retailer. Tesco is valuing Booker at £3.7 billion under the deal, representing 205.3p per share or a 12% premium on Thursday...

Tesco clinching Booker's Charles Wilson is the biggest win of them all

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