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Tesco investing to boost U.K. operations

New York -- Tesco Plc will invest 1 billion pounds ($1.6 billion) to help turnaround its domestic operations. The chain will slow its international expansion as its concentrates on its home base.

Tesco, the United Kingdom’s largest retailer, will give a makeover to about 430 of its U.K. supermarkets, add more workers and expand its online offerings.