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News Tag: Tesco Personal Finance

November 20, 2009

Tesco takes next step in banking as it selects Fiserv

by Kay Murchie
”Tesco
Supermarket giant Tesco has taken the next step in its quest to become a bank by signing up Fiserv. US-based Fiserv provides information management and electronic commerce systems to the financial services industry. Tesco said Fiserv will assist it in becoming a full-service bank by providing account information and banking transactions for Tesco Bank customers. John Bower, managing director, ...



October 6, 2009

Tesco posts strong results amid downturn

by Kay Murchie
”Tesco
Supermarket giant Tesco has today announced a 1.5% rise in pre-tax profits for the half year to the end of August and has bucked the trend by creating 6,500 jobs in the period. Tesco, which has a 30% share of the grocery market, said pre-tax profits were £1.42 billion - up 1.5% compared with the same period last year. Group sales were ...



August 20, 2009

Tesco to open finance centre in Glasgow

by Kay Murchie
”Tesco
Supermarket giant Tesco has announced it is opening a finance centre in Glasgow with the creation of 800 jobs. The move is part of Tesco Personal Finance’s expansion programme, which will see it compete with High Street banks. Tesco, which has a 30% share of the grocery market, already offers credit cards, savings accounts and insurance via its Tesco Personal Finance (TPF) ...



July 28, 2008

Tesco to enter retail banking following RBS buyout

by Kay Murchie
”Tesco
Tesco is to compete with High Street banks after it has bought out Royal Bank of Scotland’s (RBS) 50% share in Tesco Personal Finance (TPF) in a deal worth £950 million. TPF, which was launched in 1997 as a joint venture between Tesco and RBS, sells general insurance, credit cards, personal loans, savings products, and has an online insurance ...