Tesco may carry out large investments

Tesco nedds about one billion pounds (360 billion HUF) investments to revive the activities on its domestic market – Bloomberg writes, referring to the opinion of the company's fourth-largest owner.

Tesco needs huge investments to breathe new life to its British activities – says the fund manager of the Legal & General Group, that is the company's fourth-largest owner with a nearly 4 percent stake.

Tesco has promised that this year will be the year of investments, the company targets retail price reductions, staff recruitment, shops and product developments. (portoflio.hu)