Tesco 'admits defeat' as it sells bank arm to Barclays in £700m deal
by Simon English
Feb 09, 2024
2 minutes
Tesco has sold its banking arm to Barclays in a £700 million deal that signals a wider retreat from financial services by the big UK grocers.
Three weeks ago Sainsbury said it is open to offers for its own banking business as its shifts to a “Food First” strategy under CEO
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