date:Apr 15, 2013
business is generating huge amounts of capital still. If they are not using that, it's much better in our hands than in theirs, said Charles Heenan, investment director at Tesco shareholder Kennox.
ONE YEAR ON
With the turnaround a year old next week, about 8,000 new staff have been recruited and trained, and existing staff re-trained. Own-brand food products have been re-launched, promotions have become more personalized and a new price-comparison initiative has been introduced.
Clarke has