We are selling our 5% holding in Tesco (TSCO LN ). Pressure on earnings is likely to remain through FY23 and we see better opportunity elsewhere given market weakness.
MM are selling TSCO UK in the International Equities Portfolio, taking a loss around £200.00
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We are buying alternative asset manager Blackstone (BX US) into weakness.
MM are buying BX US in the International Equities Portfolio, allocating 5% around $91.61
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