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Tesco's is just like Brexit (or maybe a hedge fund)

By Chris Bailey of Financial Orbit | Wednesday 5 October 2016

Disclosure: I own shares in one or more of the stocks mentioned. I wrote this article myself, and it expresses my own opinions. I am not receiving compensation for it (other than from ShareProphets). I have no business relationship with any company whose stock is mentioned in this article.

So Tesco (TSCO) shares are flying today.  Well that's great news as a shareholder. The move is justified as Dave Lewis ('Tesco Dave') is doing a solid job with his difficult aircraft carrier sized hand.  Improving positive momentum in UK like-for-like sales, more engaged customers and an internal satisfaction survey that Tesco staff are feeling the love again. That's a couple of boxes ticked on the 'to do' list.  Other parts of the business like the global operations and the Tesco Personal Finance crunch along in a workable manner.  

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