date:Feb 26, 2014
acing many of the same challenges as Tesco, have also slashed capex in recent years but have both started to increase investment again, although they are still spending less than Tesco as a percentage of sales.
Clarke reiterated that the pursuit of disciplined international growth remained a priority. On Monday Tesco said it was in talks about a possible restructuring of its business in Turkey.
Overall this is the 'middle way' message we expected ... nothing that should cause panic across the