Britain’s Tesco (TSCO.L) is to lend U.S. billionaire Ron Burkle’s Yucaipa investment company 80 million pounds ($126 million) to take the loss-making Fresh & Easy stores off its hands, marking the end of a six-year attempt to crack the U.S. market. Tesco, the world’s third largest retailer, said on Tuesday […]
Author: InvestAdvocate
SEC inaugurates committees to boost capital market activities
The Securities and Exchange Commission has inaugurated three committees to implement its 10-year master plan, which is meant to boost activities in the Nigerian capital market. The committees, which were inaugurated on Monday, are to produce a blueprint to grow the capital market over a 10-year period. Speaking at the […]
Lucozade, Ribena Buyout: GSK Nigeria’s Operating Margin to Decline by 4%
By Peter OBIORA InvestAdvocate Lagos (INVESTADVOCATE)- GlaxoSmithKline Consumer Nigeria Plc (GSK Nigeria) Monday said the full financial impact of the proposed buyout of its Lucozade and Ribena brands which will be phased in over 2014 – 2015, is expected to lead to a small decline in its overall long […]
