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September 22, 2014

Tesco update: What the analysts say

Tesco today (22 September) revealed a GBP250m (U$408.1m) profit overstatement in its first-half accounts, pushing shares down nearly 8% in early trading. The “serious issue” has resulted in the reported suspension of four senior executives. Tesco has now launched an independent review. Analysts offer their thoughts on the news.

Tesco today (22 September) revealed a GBP250m (U$408.1m) profit overstatement in its first-half accounts, pushing shares down nearly 8% in early trading. The “serious issue” has resulted in the reported suspension of four senior executives. Tesco has now launched an independent review. Analysts offer their thoughts on the news.

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