Archive of April 2015 - Transforming Cities

Tesco shares downgraded to ‘junk’, opportunities for housing?

on April 22nd, 2015 in Uncategorized by | No Comments

In 2011-12 Tesco recorded a record profit of £3.8 bn, but for 2014-15 it has recorded a record loss of £6.4 bn. The decline in the value of its property portfolio comes as a direct result of falling footfall in many of its out of town superstores.

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