Tesco
Britain’s Tesco raises annual profit outlook after strong first-half
TESCO raised its annual profit forecast on Thursday (Oct 3) as Britain’s biggest supermarket group won market share in its first half, giving it momentum ahead of the key festive trading period.
Tesco sales rise as shoppers switch from rival grocers
TESCO said shoppers are spending more in stores and online as food price inflation eases, with its market share growing the most in two years.
Grocery giants including Tesco, Woolworths team up to launch US$125 million VC fund
Global supermarket chains including Tesco, Australia’s Woolworths Group and Africa’s biggest grocery retailer Shoprite have teamed up to launch a US$125 million venture capital fund to accelerate reta...
Barclays buys Tesco bank for £600 million
Barclays said it will acquire Tesco’s banking business as the lender seeks to establish a greater foothold in retail banking in the UK.
Britain's Tesco raises profit outlook after strong Christmas sales
Tesco, Britain’s biggest retailer, on Thursday (Jan 11) upgraded its profit outlook for the second time in four months as it reported a better-than-expected rise in underlying UK sales for the key Chr...
Barclays in talks to buy Metro Bank's mortgage book worth US$3.74 billion
Britain’s Barclays is in exclusive talks to buy embattled lender Metro Bank’s US$3.74 billion residential mortgages portfolio, Sky News reported on Monday (Nov 27).
Barclays explores deal for Tesco banking business: sources
BARCLAYS has been exploring a potential acquisition of Tesco’s banking operations, two people familiar with the matter told Reuters.
Troubled retailer Tesco picks Burberry boss as chair
BRITAIN’S biggest retailer Tesco on Monday (Jul 3) named Burberry boss Gerry Murphy as chairman, replacing John Allan, who stepped down after misconduct claims which he denies.
Tesco sees signs of UK inflation starting to ease as sales rise
Tesco chief executive officer Ken Murphy said he’s seeing signs that grocery inflation is starting to ease from its torrid pace, as the UK’s largest grocer reported a sales gain fuelled by higher pric...
Tesco’s chairman John Allan steps down after complaints over conduct
Tesco chairman John Allan is stepping down days after he was linked to a growing scandal at Britain’s premier business lobby group.
