Terry Leahy
Retail
Tesco posts robust sales
The supermarket chain Tesco’s UK sales rose 4.3 per cent like-for-like, with an additional 2.8 per cent coming from new stores and Tesco Personal Finance adding a further 2.2 per cent, bringing total UK growth to 9.3 per cent.The...
Retail
Tesco lines up property deals worth £500m
Tesco is seeking to continue its sale-and-leaseback programme with a wave of deals that could be worth £500 million to the retailer. The supermarket giant is in talks with potential investors to sell about a dozen of its stores...
Retail
Tesco plans cash-and-carry in India, will support Trent
UK-based supermarket group Tesco has said that it will make an initial investment of around 60 million pounds in setting up a wholesale cash-and-carry business in India. Besides, the group has also entered into an agreement with Tata’s retailing...
Retail
Tesco buys out RBS in £950 million deal
Tesco has taken full ownership of its Tesco Personal Finance (TPF) financial services, in a move that it says will generate £1 billion in profit from retailing services.The company has acquired the Royal Bank of Scotland's (RBS) 50 per...
Retail
Tesco buys South Korean Homever stores
To strengthen its business in South Korea, Tesco has acquired around 36 Homever outlets for £958 million.Most of the shops, bought from E-Land group, are former Carrefour hypermarkets, and a majority of them will be converted to Tesco's Homeplus...
Retail
Tesco has 11.8 per cent increase in sales
Leading UK retailer Tesco has reported an 11.8 per cent increase in group sales for the third quarter.In a trading statement, the retailer said strong international revenues had driven its performance over the period, although the retailer stressed its...
Retail
Tesco to enter India and Russia
After its American debut, the supermarket chain Tesco plans to enter Indian and Russian markets in a big way."The move across the Atlantic was just the start of a pretty ambitious worldwide growth programme including India and Russia," said...
Retail
Tesco to acquire Dobbies — initially with 22.6 per cent holding
Tesco has reached an agreement to acquire Dobbies Garden Centres in the United Kingdom. The deal values Dobbies at GBP155.6 million (USD303 million). Tesco will initially have a 22.6 per cent holding in the company and this will eventually...
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