16.04.2014 - Norges Bank goes shopping in Tesco despite analysts’ fears over sales
Do the Norwegians know something the market doesn’t? Norway’s $840 billion national government pension fund, run by the country’s central Norges Bank, seems to. The fund has been buying Tesco in a big way in advance of full-year numbers due out this morning. A statement by the company dropped just after the closing bell yesterday revealing that Norges Bank, already Tesco’s largest investor, has upped its bet on Britain's biggest supermarket chain again...............................................Full Article: Source
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