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Barclays buys Tesco Bank as supermarkets refocus on food

Barclays PLC and Tesco PLC on Friday announced an agreement for Barclays to buy the retail banking business of Tesco Bank, as the big UK supermarkets scale back their forays into financial.

Tesco bank sold to Barclays for GBP600 million

Stock prices in London lacked direction on Friday, after Barclays announced plans to buy the retail banking business of Tesco Bank. The FTSE 100 index opened up 5.17 points, 0.1%, at 7,600.65. The.

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