Richard Brasher, the head of Tesco's UK operations, is to quit the board to avoid stepping on the toes of group Chief Executive Officer, Philip Clarke, who is taking a much greater interest in the UK business since the supermarket group's recent profit warning.
Brasher will leave the company in July once he has effected a smooth transition of the UK business to Clarke.
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Barclays begins paying up to £100 compensation to customers after banking outageBarclays will pay up to £7.5 million in compensation to customers after its banking services were disrupted by an IT outage
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