Business
Why the City isn’t buying a ‘time-limited’ bank tax hike
By Katherine Langford
Tesco retreats from Europe with £1.5bn sale of Czech and Slovak divisions
Marcus Chen
Marcus Chen
Managing Editor · St. Paul, MN
Marcus manages the day-to-day editorial workflow across all brands, coordinating coverage assignments and ensuring editorial standards are met. He previously served as city editor at the Pioneer Press and holds a degree in Political Science from Carleton College.
More from Marcus →Managing Editor · Friday, October 30, 2026 at 7:59 AM · 1 min read
Tesco has agreed to sell its businesses in the Czech Republic and Slovakia to a Dutch supermarket giant for €1.7bn (£1.5bn). The UK’s largest grocer said today it would sell its operations in the two European countries to Ahold Delhaize for €1.7bn (£1.5bn), in what marks the grocer s latest retreat from the global expansion it had pursued in recent decades. Chief executive Ken Murphy said: “The transaction will further simplify the Group, increasing our focus on our core UK and Irish businesses and supporting our continued investment in our food-first retail ecosystem and the capabilities that will drive future growth, while enabling a further return of capital to shareholders.” More to follow.
Up nextWhy the City isn’t buying a ‘time-limited’ bank tax hikeBusiness · 1 min read
