Tesco readies for recovery
Tesco chief executive Sir Terry Leahy today (6 October) revealed that the company's sales of organic food and its upmarket own-label Finest range were outpacing the rest of the business in the UK.
Tesco is looking to divert the bulk of its capital investment over the next 12 months to China, the UK retail giant's chief executive said today (6 October).
Shares in Tesco, the UK's largest retailer, dipped in early trading this morning (6 October) after the company booked rising half-year profits - but slowing like-for-like sales growth.
Tesco has struck a sale-and-leaseback property deal worth GBP514m (US$819.2m), the UK's largest retailer said today (5 October).