Tesco eyes profit rise as consumer sentiment improves Tesco has forecast a further increase in profit in its new financial year as strong demand and new customers helped it to post an 11% jump in 2023/24. Business • 10 Apr 24
Tesco eyes profit rise as consumer sentiment improves Tesco has forecast a further increase in profit in its new financial year as strong demand and new customers helped it to post an 11% jump in 2023/24. Business • 10 Apr 24
Tesco to sell banking operations to Barclays for £600m Barclays will buy most of the banking operations of Britain's biggest supermarket group Tesco for about £600m, the companies said today. Business • 09 Feb 24
Tesco to sell banking operations to Barclays for £600m Barclays will buy most of the banking operations of Britain's biggest supermarket group Tesco for about £600m, the companies said today. Business • 09 Feb 24
Barclays explores deal for Tesco Bank - sources Barclays has been exploring a potential acquisition of Tesco's banking operations, two people familiar with the matter told Reuters. Business • 20 Nov 23
Barclays explores deal for Tesco Bank - sources Barclays has been exploring a potential acquisition of Tesco's banking operations, two people familiar with the matter told Reuters. Business • 20 Nov 23
Tesco to explore sale of banking unit - reports Tesco is planning to review its presence in the UK banking sector in a move that could lead to a sale of its banking arm, Sky News reported over the weekend. Business • 20 Feb 23
Tesco to explore sale of banking unit - reports Tesco is planning to review its presence in the UK banking sector in a move that could lead to a sale of its banking arm, Sky News reported over the weekend. Business • 20 Feb 23
New Tesco boss sticks with strategy despite profit drop Tesco has today reported a 15.6% fall in core profit, with a jump in sales due to the Covid-19 pandemic more than outweighed by higher costs and losses at Tesco Bank. Business • 07 Oct 20
New Tesco boss sticks with strategy despite profit drop Tesco has today reported a 15.6% fall in core profit, with a jump in sales due to the Covid-19 pandemic more than outweighed by higher costs and losses at Tesco Bank. Business • 07 Oct 20
Lloyds lands £3.7 billion Tesco Bank mortgage portfolio Lloyds Banking Group has agreed to buy Tesco Bank's £3.7 billion UK residential mortgage portfolio, in a move likely to consolidate its dominance of Britain's ultra-competitive market for home loans. Business • 03 Sep 19
Lloyds lands £3.7 billion Tesco Bank mortgage portfolio Lloyds Banking Group has agreed to buy Tesco Bank's £3.7 billion UK residential mortgage portfolio, in a move likely to consolidate its dominance of Britain's ultra-competitive market for home loans. Business • 03 Sep 19
Tesco Bank to stop mortgage lending due to competition Tesco said it will stop mortgage lending at its banking business due to tough market conditions, as rival lender Nationwide Building Society reported a drop in profit margins. Business • 21 May 19
Tesco Bank to stop mortgage lending due to competition Tesco said it will stop mortgage lending at its banking business due to tough market conditions, as rival lender Nationwide Building Society reported a drop in profit margins. Business • 21 May 19
Tesco Bank fined £16.4m over cyber attack Tesco Bank has been fined £16.4m by the UK watchdog following a major cyber attack in 2016. Business • 01 Oct 18
Tesco Bank fined £16.4m over cyber attack Tesco Bank has been fined £16.4m by the UK watchdog following a major cyber attack in 2016. Business • 01 Oct 18
Avantcard buys Tesco Bank's Irish credit card portfolio Credit card provider Avantcard has agreed a deal with Tesco Bank to buy its Irish credit card portfolio, subject to regulatory approval. Business • 16 Apr 18
Avantcard buys Tesco Bank's Irish credit card portfolio Credit card provider Avantcard has agreed a deal with Tesco Bank to buy its Irish credit card portfolio, subject to regulatory approval. Business • 16 Apr 18
Mallon leaves Ulster Bank for Tesco Bank's CEO job Ulster Bank's chief executive Gerry Mallon has announced he is leaving the bank to "take up a new opportunity" with Tesco Bank in the UK. Business • 24 Jan 18
Mallon leaves Ulster Bank for Tesco Bank's CEO job Ulster Bank's chief executive Gerry Mallon has announced he is leaving the bank to "take up a new opportunity" with Tesco Bank in the UK. Business • 24 Jan 18
Lack of detail on Tesco Bank hack 'frustrating' Banking executives and security experts are growing frustrated at the dearth of information available more than three months after £2.5m was stolen from Tesco Bank in the UK's biggest financial cyber heist. Business • 08 Feb 17
Lack of detail on Tesco Bank hack 'frustrating' Banking executives and security experts are growing frustrated at the dearth of information available more than three months after £2.5m was stolen from Tesco Bank in the UK's biggest financial cyber heist. Business • 08 Feb 17
Tesco Bank says £2.5m stolen in cyber theft Tesco Bank has said that £2.5m had been stolen from 9,000 customers over the weekend in what cyber experts said was the first mass hacking of accounts at a western bank. Business • 09 Nov 16
Tesco Bank says £2.5m stolen in cyber theft Tesco Bank has said that £2.5m had been stolen from 9,000 customers over the weekend in what cyber experts said was the first mass hacking of accounts at a western bank. Business • 09 Nov 16
Tesco Bank hack 'unprecedented' - UK's FCA The Tesco Bank hack that saw money stolen from 20,000 accounts over the weekend was "unprecedented", the head of Britain's financial regulator has said. Business • 08 Nov 16
Tesco Bank hack 'unprecedented' - UK's FCA The Tesco Bank hack that saw money stolen from 20,000 accounts over the weekend was "unprecedented", the head of Britain's financial regulator has said. Business • 08 Nov 16
