Tesco Plc Stores As Retailer Cuts Dividend 75% On Lower Outlook

A customer leaves a Tesco Metro supermarket store, operated by Tesco Plc, in London, U.K., on Friday, Aug. 29, 2014. Tesco Plc unexpectedly slashed its dividend and reduced investment as the largest U.K. retailer was squeezed between German discount chains and upscale stores such as Waitrose, driving the stock to the lowest in almost 11 years. Photographer: Chris Ratcliffe/Bloomberg via Getty Images
A customer leaves a Tesco Metro supermarket store, operated by Tesco Plc, in London, U.K., on Friday, Aug. 29, 2014. Tesco Plc unexpectedly slashed its dividend and reduced investment as the largest U.K. retailer was squeezed between German discount chains and upscale stores such as Waitrose, driving the stock to the lowest in almost 11 years. Photographer: Chris Ratcliffe/Bloomberg via Getty Images
Tesco Plc Stores As Retailer Cuts Dividend 75% On Lower Outlook
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Credit:
Bloomberg / Contributor
Editorial #:
454326014
Collection:
Bloomberg
Date created:
29 August, 2014
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Source:
Bloomberg
Object name:
UK TESCO