Reuters was first to report that Barclays (BARC.L) has been exploring a potential acquisition of Tesco’s (TSCO.L) banking operations.
Business & FinanceDeals
Barclays explores deal for Tesco banking business
17 November 2023, 2:37 pm 1 minute
Market Impact
For Barclays, such an acquisition would beef up its domestic retail bank at a time when the group is striving to revive its share price. Barclays shares are down about 10% since the start of the year.
Article Tags
Topics of Interest: Business & FinanceDeals
Type: Reuters Best
Sectors: Business & FinanceMergers & Acquisition
Regions: Europe
Countries: London
Win Types: Speed
Story Types: Exclusive / Scoop
Media Types: Text
Customer Impact: Significant National Story
