date:Apr 24, 2013
e Black believes it will take some time to organise a disposal.
What we do expect is for Tesco to bite the bullet in terms of carrying the cost of Fresh Easy, and to go ahead and write that down, Black said.
Shore Capital has estimated that it could cost Tesco 250m to exit the US, although the figure could be as high as 500m, factoring in costs such as redundancies at its Los Angeles head office.
The broker described such a figure as a body blow to the balance sheet but an onward boost to e