Bloomberg – Hedge-fund firms are betting against Britain’s struggling supermarkets amid speculation the worst isn’t over for the industry.
Lansdowne Partners LP and Lone Pine Capital LLC are short Tesco Plc (TSCO), J Sainsbury Plc (SBRY) and WM Morrison Supermarkets Plc (MRW), according to data compiled by Bloomberg, with Lansdowne holding the largest short position in all three companies. Lone Pine is also betting against Marks & Spencer Group Plc (MKS), a position it increased according to filings this month.
