UPDATE 3-Tesco shares jump on possible sale of Asian business [Reuters]
Walgreens Boots Alliance, Inc. (WBA)
Last walgreens boots alliance, inc. earnings: 4/2 07:00 am
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Source: Reuters
Tesco shares jump on possible sale of Asian business LONDON (Reuters) - Shares in Tesco ( TSCO.L ) rose more than 5% on Monday after Britain’s biggest retailer said it might sell its Asian businesses, in Thailand and Malaysia, which analysts valued at up to $9 billion. Tesco said on Sunday it had begun a review of its Asian operations after receiving approaches for the businesses. It said the review was at an early stage and gave no details of the interest received in the businesses, which generate about 8% of the supermarket group’s total annual revenue and 10% of its profit. Pulling out of Asia would mark a further retreat toward Tesco’s core domestic market and a shift in strategy as the group had identified Thailand, where it is the market leader, as a key growth area at its Capital Markets Day in June. “Hence, to us, for any approach to be accepted by the Tesco board for Thailand then it needs to be highly attractive if not a knock-out price,” said Shore Capital analyst Clive B
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WBA
Earnings
- 3/28/24 - Beat
WBA
Sec Filings
- 4/15/24 - Form 4
- 4/2/24 - Form 4
- 3/28/24 - Form 3
- WBA's page on the SEC website