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Broccoli wars threatening Morrison to Tesco ratings
date:May 19, 2014
g sales. Morrison shares are down 18 percent this year, the sixth-worst performer in the FTSE 100 Index. Tesco shares have lost 7 percent. The benchmark index has risen 1.2 percent.

We would expect further negative rating news-flow from the agencies on Tesco and Morrison in particular, said Rob Orman, a retail analyst at Henderson Global Investors Ltd. in London, who rates Tesco and Morrison underweight. Thats likely to put pressure on bond spreads and credit-default swaps, he said.

12/24 06:46