Tesco’s H1 profit plunge: What the analysts say
In an unsurprising announcement this-morning (23 October), troubled UK retail behemoth Tesco posted a 92% decline in first-half profits, weighed…
Tesco woes continue after profit overstatement
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Tesco chairman resigns as H1 profits plunge 92%
Tesco chairman Sir Richard Broadbent has stepped down in light of the accounting error that has resulted in a 92%…
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Potential operational paralysis ahead for Tesco
The audit report of Tesco's commercial teams could, analysts believe, create operational paralysis for Tesco ahead of the very busy…
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Tesco “suspends” fifth senior executive after profit error
UK retailer Tesco is understood to have suspended a fifth senior executive after it last month revealed a GBP250m (U$408.1m)…
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Tesco adds “much needed experience” to board
Tesco has appointed two non-executive members to its board of directors, adding what analysts believe is much needed international consumer…
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Tesco under investigation following overstatement
Tesco has revealed the group is under investigation by the Financial Conduct Authority (FCA) after the retail behemoth last week…
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UK: Tesco shares fall on H1 profit overstatement
Tesco's share price fell nearly 8% in early trading as the UK retail behemoth revealed a GBP250m (U$408.1m) profit overstatement…
