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Tesco

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FTSE rises as Tesco shares bounce back

08/01/2015(0)
A rally by Tesco helped to lift Britain’s top equity index on Thursday, as investors warmed to the supermarket group’s restructuring plans. The FTSE 100 index was up by 1.3 percent ... Read More
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Accounting watchdog warns retailers after Tesco scandal

08/12/2014(0)
British retailers must provide clear information to investors about their income from suppliers, the country’s accounting watchdog said on Monday as it investigates a book-keeping scandal at leading supermarket ... Read More
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Tesco boss Dave Lewis overhauls management structure amid accounting scandal

02/12/2014(0)
Tesco’s newly appointed CEO Dave Lewis has overhauled the management structure of the British retailer in the wake of an accounting scandal that led to eight managers being suspended. ... Read More
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Funding secured for Tesco shareholder class action

26/11/2014(0)
Australian litigation funder Bentham has made its biggest entry yet in the European market by agreeing to fund a class action against supermarket giant Tesco. The European subsidiary will ... Read More
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Tesco poised to dump auditor after accounting scandal

19/11/2014(0)
Tesco could be on the verge of dumping PwC, its auditor of 31 years, over its apparent failure to identify the accounting problems that led to a black hole ... Read More
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Tesco share price falls again: Chairman Sir Richard Broadbent steps down

23/10/2014(0)
It has been a tough few weeks for Tesco, but just how tough was revealed in first-half results posted this morning, which showed statutory profit before tax, which includes ... Read More
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Three more directors suspended as Tesco scandal inquiry continues

15/10/2014(0)
Three more Tesco directors were suspended yesterday as part of the £250m accountancy scandal at the UK’s biggest supermarket. Dan Jago, director of beers and wines, William Linnane, director ... Read More
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Tesco to suspend more senior staff over £250m accounting scandal

14/10/2014(0)
Tesco is expected to suspend more senior staff as part of its ongoing investigation into a £250m black hole, according to The Independent. Five executives have already been asked ... Read More
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Tesco in turnoil after profits overstatement

23/09/2014(0)
Tesco, Britain’s biggest retailer and one of its great corporate success stories of the last decade, has been thrown into turmoil after disclosing that it had overstated its first-half ... Read More
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Tesco CEO Clarke to leave after profit warning

21/07/2014(0)
Britain’s biggest retailer Tesco said on Monday its chief executive Philip Clarke would quit, to be replaced by Unilever executive Dave Lewis, after it issued a profit warning. Tesco ... Read More
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