Benny Higgins, the boss of Tesco Bank, may have spent £18,000 on taxis in eight months, but the era of largesse at Britain’s biggest grocer is over. Yesterday, Dave Lewis, the chief executive turning around the supermarket group, said that Tesco’s drive for efficiency extended to every area of its business. Speaking as the retailer revealed a strong first half, Mr Lewis said: “We have reduced our costs significantly, including among all individual directors. Two years ago we talked about what the central overheads of this business had become, but two years on the total cost of running the Tesco…

Source: The Times October 05, 2016 23:03 UTC