This Day On The Street
Continue to site right-arrow
ADVERTISEMENT
This account is pending registration confirmation. Please click on the link within the confirmation email previously sent you to complete registration.
Need a new registration confirmation email? Click here
TheStreet Open House

Tesco Plans to Exit U.S. Fresh & Easy Chain: Hot Trends (Corrected)

Stocks in this article: TSCDY NFLX YHOO

Editor's Note: This piece has been updated from December 12, 2012, to correct the ticker for Tesco Plc (TSCDY), which was misidentified as TESO, an unrelated company.



NEW YORK ( TheStreet) -- Popular searches on the Internet include Tesco (TESO) after the retailer announced it will most likely exit its U.S. grocery chain Fresh & Easy.

Tesco, the biggest retailer in Britain and the third-largest in the world, said it is reviewing its options for the struggling chain. The company said recently it has been approached by several potential buyers or partners in Fresh & Easy.

Tesco CEO Philip Clarke said, "It is now clear that Fresh & Easy will not deliver acceptable shareholder returns on an appropriate timeframe in its current form. Whilst the business has many positives, its journey to scale and acceptable returns will take too long relative to other opportunities."

Clarke added that all options are being considered -- including a sale, closure or partnership. Tesco has hired investment bank Greenhill to assist in its review of the chain.






Netflix (NFLX - Get Report) is trending after the video-on-demand service acquired exclusive U.S. rights to Walt Disney movies.

The three-year deal goes into effect in 2016. Starting immediately, Disney will also give Netflix non-exclusive streaming rights to more of its older films like "Alice in Wonderland" and "Pocahontas."

Terms of the deal were not disclosed, though some reports said Netlfix could pay more than $300 million a year for Disney films.

1 of 2

Check Out Our Best Services for Investors

Action Alerts PLUS

Jim Cramer and Stephanie Link reveal their investment tactics while giving advanced notice before every trade.

Product Features:
  • $2.5+ million portfolio
  • Large-cap and dividend focus
  • Intraday trade alerts from Cramer
Quant Ratings

Access the tool that DOMINATES the Russell 2000 and the S&P 500.

Product Features:
  • Buy, hold, or sell recommendations for over 4,300 stocks
  • Unlimited research reports on your favorite stocks
  • A custom stock screener
Stocks Under $10

Jim Cramer's protégé, David Peltier, uncovers low dollar stocks with extraordinary upside potential that are flying under Wall Street's radar.

Product Features:
  • Model portfolio
  • Stocks trading below $10
  • Intraday trade alerts
Try it NOW
Try it NOW
Try it NOW

Check Out Our Best Services for Investors

Dividend Stock Advisor

Jim Cramer's protégé, David Peltier, identifies the best of breed dividend stocks that will pay a reliable AND significant income stream.

Product Features:
  • Diversified model portfolio of dividend stocks
  • Updates with exact steps to take - BUY, HOLD, SELL
Trifecta Stocks

Every recommendation goes through 3 layers of intense scrutiny—quantitative, fundamental and technical analysis—to maximize profit potential and minimize risk.

Product Features:
  • Model Portfolio
  • Intra Day Trade alerts
  • Access to Quant Ratings
Options Profits

Our options trading pros provide over 100 monthly option trading ideas and strategies to help you become a well-seasoned trader.

Product Features:
  • Actionable options commentary and news
  • Real-time trading community
Try it NOW
Try it NOW
Try it NOW
To begin commenting right away, you can log in below using your Disqus, Facebook, Twitter, OpenID or Yahoo login credentials. Alternatively, you can post a comment as a "guest" just by entering an email address. Your use of the commenting tool is subject to multiple terms of service/use and privacy policies - see here for more details.
Submit an article to us!

Markets

DOW 17,164.95 -251.90 -1.45%
S&P 500 1,994.99 -26.26 -1.30%
NASDAQ 4,635.24 -48.1670 -1.03%

Partners Compare Online Brokers

Free Reports

Free Newsletters from TheStreet

My Subscriptions:

After the Bell

Before the Bell

Booyah! Newsletter

Midday Bell

TheStreet Top 10 Stories

Winners & Losers

Register for Newsletters
Top Rated Stocks Top Rated Funds Top Rated ETFs