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VIDEO: Tesco boss: Full and frank inquiry
2014-09-22 13:48:57| BBC News | Business | UK Edition
Tesco's chief executive Dave Lewis has said there will be a "full and frank investigation" after the supermarket overstated its profits.
A Simple List Of All The Incredibly Suspicious Things Happening At Tesco Right Now
2014-09-22 12:43:06| Food - Topix.net
After a shocking announcement this morning, revealing a A 250 million overstatement in first half profits, Tesco has suspended senior executives, called in Deloitte to investigate and alerted the UK's main finance regulator. Lewis has been in retail with Unilever and Tesco for nearly three decades, so the fact that he has never seen such an issue is a brutal indictment, confirming that this isn't some sort of run-of-the-mill mistake.
Tesco update: What the analysts say
2014-09-22 11:47:00| Daily apparel & textile news and comment - from just-style.com
Tesco this morning (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.
UK: Tesco shares fall on H1 profit overstatement
2014-09-22 10:40:58| Daily apparel & textile news and comment - from just-style.com
Tesco's share price fell nearly 8% in early trading as the UK retail behemoth revealed a GBP250m (U$408.1m) profit overstatement in its first-half accounts.
Tags: fall
profit
shares
tesco
Tesco inquiry into profit forecast
2014-09-22 08:23:45| BBC News | Business | UK Edition
Tesco says it has launched an inquiry after it overstated its expected profit for the half year by 250m.
Tags: profit
inquiry
forecast
tesco
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