Tesco Personal Finance

High school
Case Study
Miscellaneous
Pages 16 (4016 words)
Download 0
Tesco Personal Finance that was set up in 1997, as a joint venture between Tesco and the RBS. From a strategic perspective the TPF was established to draw on the Royal Bank of Scotland's financial expertise while using the Group's stores and online resources as a medium to recruit and cater financial services to the customers at low-cost…

Introduction

This acquisition of Tesco over the 50% stake of RBS coming as a direct challenge for the high street financial institutions which currently are on the stormy side of the economic recession tide and presently are in-waiting for the bank charges decision by the High Court.
The acquisition will help Tesco to make its expansion from financial services that revolved around an assortment of popular financial services and products to full-fledged retail banking offering more preference, innovation and value to customers and better returns to its shareholders. It is a part of Tesco's strategy through which Tesco will be able to further enhance its growth in the services market sector that includes telecoms and internet/home shopping as well. According to Tesco's estimation for the year 2008, by taking the full ownership of the TPF, Tesco would be able to increase its annual profits to 1 billion from 240 million (News Release, 2008).
This acquisition clearly reflects that Tesco has identified considerable scope for further possible developments and advancements in the financial sector which is itself a very extensive and a dynamic sector. ...
Download paper
Not exactly what you need?

Related papers

Tesco Personal Finance
This acquisition of Tesco over the 50% stake of RBS coming as a direct challenge for the high street financial institutions which currently are on the stormy side of the economic recession tide and presently are in-waiting for the bank charges decision by the High Court.…
Investment Analysis of Tesco, and Marks And Spencer
(Penman, 2003). In other situation, investors make investment decisions following his or her instinct or based on the information provided by the market. Here, Penman (2003) referred to Investors who make investment decisions following their instinct as intuitive investors, while those who make investment decisions following market data are passive investors (Penman, 2003).…
Strategic Direction of Tesco
We have a track record of providing value for customers, creating jobs and training, providing opportunities for suppliers and regenerating deprived areas.…
Corporate Strategic Review on TESCO
In 1964, Tesco's innovativeness was put to a challenge when the British government imposed the Resale Price Maintenance System, a law that mandates all retailers to charge a set price for their products. However, Tesco found a way through it and introduced trading stamps so that it could bring lower prices to its customers. Customers collected these stamps as they purchased groceries and other…
The task for this assignment is to analyse a case study for a private sector or a public organisation of your own choice.
Having said this, the purpose of this paper is to first of all analyse the strategy adopted by Tesco in relation to product transportability", transferability of competitive advantage","Inter-firm transferability of resources", and the need to adapt to local market conditions in the following overseas markets (USA, Thailand, Malaysia, Japan and China).…
Tesco PLC Strategies
Having said this, the purpose of this paper is to first of all analyse the strategy adopted by Tesco in relation to product transportability", transferability of competitive advantage","Inter-firm transferability of resources", and the need to adapt to local market conditions in the following overseas markets (USA, Thailand, Malaysia, Japan and China).…
Financial Analysis of Tesco Supermarket
For a potential investor, the stock of Tesco Plc is strongly recommended as better investment than its rival because it provides higher gains in the long-run.…