The Business Times

Tesco

Consumer & Healthcare

Britain’s Tesco raises annual profit outlook after strong first-half

Tesco expects to hit a retail operating profit of at least £2.8 billion this fiscal year.
Companies & Markets

Tesco sales rise as shoppers switch from rival grocers

Australia's biggest grocer Woolworths said on Wednesday it is paying A$552 million (S$545.3 million) for about two-thirds of PFD Food Services and its properties as the coronavirus pandemic reshapes the industry.
International

Grocery giants including Tesco, Woolworths team up to launch US$125 million VC fund

FILE PHOTO: A view shows signage on a branch of Barclays Bank in London, Britain, March 17, 2023. REUTERS/Peter Nicholls/File Photo
Banking & Finance

Barclays buys Tesco bank for £600 million

A shopper holds bags outside a Tesco Plc supermarket in Guildford, UK, on Tuesday, Jan. 10, 2023. Tesco are due to release a trading update on Thursday. Photographer: Jason Alden/Bloomberg
Companies & Markets

Britain's Tesco raises profit outlook after strong Christmas sales

(FILES) A couple kiss whilst sitting at a bus stop outside a branch of British bank Barclays, in central London, February 14, 2023. British bank Barclays on October 24, 2023 unveiled a 16-percent drop in net profit for the third quarter on souring loans and rising costs, and flagged more cutbacks ahead. Profit after tax slid to £1.3 billion ($1.73 billion) in the June-September period, down from £1.5 billion in the third quarter last year, Barclays said in a statement. (Photo by Justin TALLIS / AFP)
Companies & Markets

Barclays in talks to buy Metro Bank's mortgage book worth US$3.74 billion

Barclays has already made an indicative bid, adding that it is particularly interested in Tesco Bank’s credit card and saving account products, according to one source.
Banking & Finance

Barclays explores deal for Tesco banking business: sources

Tesco had announced in May that its chairman John Allan (above) would leave after media allegations over his conduct towards women. He has said that he "vehemently" denies the claims
Companies & Markets

Troubled retailer Tesco picks Burberry boss as chair

A shopper pushes a shopping trolley at the Tesco Basildon Pitsea Extra supermarket, operated by Tesco Plc, in Basildon, U.K., on Tuesday, Dec. 1, 2015. Many European food retailers are coming to terms with persistently low inflation as well as consumers who remain frugal yet purchase food more frequently. Photographer: Chris Ratcliffe/Bloomberg
Companies & Markets

Tesco sees signs of UK inflation starting to ease as sales rise

FILE PHOTO: Tesco Non-executive chairman, John Allan poses for a photograph in London, Britain, April 12, 2017. REUTERS/Hannah McKay/File Photo
Companies & Markets

Tesco’s chairman John Allan steps down after complaints over conduct

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