As the discounter sees its stock almost quadruple over the past three years and trade at all-time highs, a Morgan Stanley analyst downgrades it on concerns about increased competition and valuation.
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Pound Gains Versus Euro on Europe Concern; Gilts Drop After Sale
The pound climbed to the strongest this month against the euro after Fitch Ratings said AAA nations in the currency bloc are at risk of downgrades, boosting demand for the perceived safety of U.K.
Euro Slides as Japanese Yen and US Dollar Make Comeback Post …
Fundamental Headlines – Obama Seeking Ally on Europe Finds Merkel a Tough Sell Bloomberg – Rajoy Holds Bank Talks with EU as Fitch Downgrades Spain