If Tesco is setting up a ‘big’ share buyback, will it offset the headwinds?
Increasingly the City believes that there may be a ‘big’ share buyback at the UK’s leading supermarket chain, Tesco, when it reports interims on Wednesday. If this is the case, why is management doing it now?
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Is it to demonstrate that there is still value in the sector after rival William Morrison is taken over, or is to tell traders and investors that the company is weathering the storm?
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