Archive of all Tesco articles – Page 138
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NewsFCA launches probe into Tesco's £250m black hole
Financial Conduct Authority has launched a “full investigation” into the circumstances behind the £250m black hole in Tesco’s accounts.
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NewsTesco rolls out Finest wines in box format
Tesco is this week rolling out a selection of its premium Finest wines in box format – a launch exclusively revealed by The Grocer four months ago.
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NewsTacon asks Tesco to look for breaches of Groceries Code
Groceries Code Adjudicator Christine Tacon has asked Tesco to examine its behaviour towards suppliers during the company’s internal review into the £250m overstatement of its profits.
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Comment & OpinionTesco deserves a pat on the back for its disclosure on meat
To suggest the meat cross-contamination cases we reported at Tesco are an “embarrassment” for the retailer is a serious misreading of the facts
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NewsSuppliers divided over nature of Tesco crisis
A leading supplier to Tesco claims “desperate” buyers looking to fill “huge gaps” has seen them artificially bring forward the signing off of payments worth tens of millions of pounds.
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Comment & OpinionTesco's Cheshunt Four have been treated appallingly by the media
Announcing its Scale for Good manifesto in 2013, Tesco admitted trust among its supplier base was lacking…
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Comment & OpinionTesco finance crisis: You’re only as good as your accounting
Professor Lisa Jack, a former auditor and now a forensic accounting expert at the University of Portsmouth, explains the key lessons from Tesco’s shock profit warning…
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NewsTesco uncorks digital edition of its Wine Magazine
Tesco has unveiled a digital edition of its Wine Magazine featuring video content and interactive features.
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NewsTesco clamps down on suppliers after meat cross-contamination cases
Tesco has asked three of its meat suppliers to make changes to their production processes and controls after DNA tests uncovered undeclared proteins in five own-label meat products.
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Analysis & FeaturesTesco's Black Monday heralds horrific week for supermarkets
Tesco’s very own ‘Black Monday’ wiped £2.9bn off the value of Britain’s biggest supermarket and hammered shares across the…
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NewsTesco admits McIlwee not in charge of finance for five months
Tesco faced yet more questions over its financial management today after it admitted it had effectively been without a director in charge of finance for the past five months.
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NewsTesco store openings on hold as part of plans to cut capital expenditure
Tesco has started boarding up new stores under development, as part of its drive to slash capital expenditure.
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Comment & OpinionThe Times – they are a changing
The Times isn’t keen on the discounters… but did Rachel Johnson’s critique hit the mark?
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NewsTesco's new CFO Alan Stewart joins crisis-hit retailer a month early
Tesco’s new chief financial officer Alan Stewart has been parachuted in more than a month ahead of schedule in the wake of yesterday’s shock announcement of a £250m overstatement of profits.
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Analysis & FeaturesTesco: the key questions surrounding its £250m profit shock
The Grocer looks at the big questions facing Tesco after its £250m profit overstatement and what happens next for the beleaguered supermarket.
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Comment & OpinionHow could Tesco lose £250m?
Tesco is coming dangerously close to a management meltdown, just weeks into new CEO Dave Lewis’ reign
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NewsTesco chairman Sir Richard Broadbent under fire over accounting mess
The position of Tesco chairman Sir Richard Broadbent is coming under fierce scrutiny after the latest events to hit the retailer rocked the City.
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NewsTesco shock profit warning: the City reacts
Tesco shocked the City today by announcing it had discovered it had overstated its profits by £250m. Here’s our round-up of how leading City and industry analysts reacted to the news.
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NewsTesco admits a £250m overstatement of profits
Tesco has stunned the city this morning by admitting that it may have overstated its profits for the half year by as much as £250m.
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NewsRobin Terrell to lead Tesco UK as investigation into £250m profit hole kicks off
Tesco head of online operations Robin Terrell is to lead the retailer’s UK business as it kicks off an urgent investigation into how its half-year profit guidance ended up being overstated by £250m.