Tesco eyes 10% of financial services market - papers

The supermarket giant, which already sells insurance and some savings products, plans to launch mortgage deals by the end of this year, with a current account to follow in 2011. Senior executives have never before put down a marker for the group's financial services ambitions. Tesco has about 20 million shoppers each week and plans to capitalise on public disappointment in traditional banks We might be a bit bigger than 10% in some areas and a bit smaller in others, but that is roughly where we expect to end up,' said a top Tesco source. Though the company plans to build its fin...