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Stock impact report

Private Credit Firm Is Dragged Into Very Public Scrap With Union [Yahoo! Finance Canada]

TESCO PLC S/ADR (TSCDY) 
NASDAQ:AMEX Investor Relations: tescoplc.com/investors
(Bloomberg) -- Private credit firm Pemberton Asset Management has got into a scrap with an unlikely adversary — one of the UK's largest trade unions. Most Read from Bloomberg Unite the Union is protesting against the London-based credit specialist over its management of a maker of ready meals called Oscar Mayer, which Pemberton took control of last year. The UK firm, which has no relation to the American company that sells bologna, supplies supermarkets including Tesco Plc and J Sainsbury Plc. Unite accuses Oscar Mayer of trying to fire and rehire its employees, as well as plans to remove some paid breaks, reduce other breaks and deprive staff of any extra pay and days off for working holidays. That's led members of the 1.1 million-strong union to protest outside Pemberton's offices in recent weeks, as Oscar Mayer workers take strike action. The furor is over a relatively small commitment for Pemberton, which has raised about $22 billion since it was founded by veteran debt b Show less Read more
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