Tesco Seeks to Defend Fresh & Easy Operation

The upbeat comments of Tesco management last week about the performance of Fresh & Easy Neighborhood Markets allayed the long-range concerns of some observers on both sides of the Atlantic, though others remained skeptical. The howlers at the moon should be silenced, Philip Dorgan, an analyst with Panmure Gordon & Co. here, told SN. But Mike J. Dennis, a London-based analyst with Piper Jaffray,

LONDON — The upbeat comments of Tesco management last week about the performance of Fresh & Easy Neighborhood Markets allayed the long-range concerns of some observers on both sides of the Atlantic, though others remained skeptical.

“The howlers at the moon should be silenced,” Philip Dorgan, an analyst with Panmure Gordon & Co. here, told SN.

But Mike J. Dennis, a London-based analyst with Piper Jaffray, Minneapolis, said he is still not convinced. “If this is

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