Tesco woes continue after profit overstatement
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 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%…
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…
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)…
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…
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…