Tesco sells stake in Chinese joint venture for 275 mln stg [Reuters]
TESCO PLC S/ADR (TSCDY)
NASDAQ:AMEX Investor Relations:
tescoplc.com/investors
Company Research
Source: Reuters
Tesco sells stake in Chinese joint venture for $357 million LONDON (Reuters) - Britain’s biggest retailer Tesco ( TSCO.L ) has sold its 20% share of a joint venture in China to a unit of its partner China Resources Holdings (CRH), raising 275 million pounds ($357 million) and completing its exit from the country. Tesco had established the Gain Land joint venture with CRH in 2014, when it started its retreat from China. The disposal allows Tesco to further simplify and focus the business on its core operations, it said on Tuesday, adding that the proceeds will be used for general corporate purposes.
Show less
Read more
Impact Snapshot
Event Time:
TSCDY
Last Price
Price Change
Price Change%
Volume Shares
Max Up
Max Down
%
Volume Ratio
Performance Comparison
Updated
|
Event Day
Stock performance from the time of news release until the following 4pm ET market close
|
Last price at news event
|
Since Event
Multi-day stock performance from the time of the news release
|
|---|---|---|
|
EVENT DAY
Stock performance from the time of news release until the following 4pm ET market close
|
LAST
PRICE AT NEWS EVENT |
SINCE EVENT
Multi-day stock performance from the time of the news release
|
| Last Price | ||
| VWAP | ||
|
High:
|
Max Up |
High:
|
|
Low:
|
Max Down |
Low:
|
|
%
|
Post news range |
%
|
|
|
Price change |
|
|
|
Price Change Percentage |
|
|
|
S&P 500 (SPX) |
|
|
%
|
Volume ratio |
%
|
| Volume | ||
| Ticks | ||
|
|
Avg transaction size |
|
Don't Miss Out On The Next BIG Stock Move
Event day
Event Day Chart will not be displayed beyond 90-day period of the event
Performance since event
Time And Velocity Analysis
Be the first to know
Opt in for alerts from News Quantifed
Sign Up Today
Opt-in for
TSCDY alerts
Learn More With NQ
Reading the Impact Report
Help Me Understand This Data
Help Me Understand This Data
How NQ Works
What is news-based trading?
And why is it so successful?
And why is it so successful?
Movers & Shakers
The biggest gainers and losers and WHY it moved
TSCDY alerts
High impacting TESCO PLC S/ADR news events
Weekly update
A roundup of the hottest topics
TSCDY
News
- Boohoo, H&M Lock Horns With UK Legislators Over ‘Fast Fashion' [Yahoo! Finance]Yahoo! Finance
- Inditex's golden era is coming to an end [Reuters]Reuters
- Are Exiting Brands Making Myanmar's Labor Conditions Worse? [Yahoo! Finance]Yahoo! Finance
- “Bring it in temporarily, take it out, create a fuss” – Naturli' Foods CEO Henrik Lund on his love of limited edition products [Yahoo! Finance]Yahoo! Finance
- Tesco leverages AI for Clubcard Challenges solution [Yahoo! Finance]Yahoo! Finance