Disclosure: I have no positions in any stocks mentioned, and no plans to initiate any positions within the next 72 hours. 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.
Tesco's preliminary results yesterday hold few surprises. The 6% fall in annual profits and 1.4% decline in like-for-like sales have been well trailed and the markets may even mark the stock up after recent pressure. The announcement and other news give a much stronger sense of Tesco tomorrow and join dots on previous Cheshunt comments.
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