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Barclays to Buy Tesco Banking Arm for Around $760 Million -- Update

By Elena Vardon British lender Barclays has agreed to buy Tesco s retail banking arm for a consideration of around 600 million pounds in a deal that allows the U.K. grocer to focus on its.

Tesco upgrades profit expectations following a cautious start to the financial year, says GlobalData

Following today’s release of Tesco’s figures for the 19 weeks ending 6th January 2024; Eleanor Simpson-Gould, senior retail analyst at GlobalData, a leading

Tesco Raises Profit Forecast; Upbeat On Outlook As Food Inflation Eases

Tesco Raises Profit Forecast; Upbeat On Outlook As Food Inflation Eases
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UK supermarket Tesco says profits surge as costs drop | Borneo Bulletin Online

LONDON (AFP) – Britain’s largest retailer Tesco yesterday said half-year net profit soared on slashed costs, and forecast a further slowdown in food price inflation. Profit after tax soared to GBP929 million (USD1.1 billion) in the six months to late August, the supermarket giant said in a statement. That compared with GBP252 million a year […]

Shoplifting epidemic hits major European city as stores offer to equip staff with bodycams

Major retail chains in the United Kingdom have grown so concerned about increased shoplifting they have provided employees with body cameras to deter crime. "Recently, we've had a massive increase in the cases of shoplifting," Benedict Selvaratnam, owner of the Fresh Market in Court in London's Croydon, told Fox News Digital. "Where it used to

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