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Posted Tuesday, October 27th, 2015 at 11:48 pm by in .Edit this post More in

I enjoy travelling female bliss cream Tesco sold its loss-making US business Fresh & Easy’s 150 stores to US group Yucaipa at a cost of another £150m – on top of £1bn of previous writedowns. Despite the expensive departure, the City’s retail experts decided it was good news for investors. Deutsche Bank said it represented a “clean break”, and Shore Capital’s Darren Shirley and Clive Black said “it is progressing” and, with “self-improvement in tow”, the prospect of “improving free cash generation and rising returns comes closer too”.

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