Keyword » dave lewis

Tesco to pay £129m fine for false accounting scandal

Tesco has agreed to pay a £129m fine for false accounting, rather than face prosecution.

Charles Wilson, CEO of Booker (left) and Tesco CEO Dave Lewis. Photo credit: Tesco website
  (Photo:  )

Tesco merger: the industry reacts

Following the announcement that retailer Tesco and wholesaler Booker Group will be merging to create the “UK’s leading food business”, the industry has given its thoughts on the impact that the £3.7bn deal will have on the food sector.

Tesco records drop in UK like-for-like sales

Supermarket giant Tesco saw its operating profit fall by nearly 55% to £354m in its first half, it revealed this morning.

Tesco suffers record loss

Tesco has posted a record £6.4bn annual pre-tax loss for the year to the end of February.

Tesco coffee shop director ‘leaves’ business

The Tesco boss in charge of in-store restaurants and coffee shops, such as Harris + Hoole and Euphorium, has reportedly left the business.

Tesco
Tesco issues statement on trading profit
  (Photo:  )

Tesco issues profit warning

Tesco has stated that it does not expect group trading profit to exceed £1.4bn for the financial year, in an unscheduled trading statement. 

Tesco
Tesco: three executives leave
  (Photo:  )

Tesco latest: three more execs suspended after profit error

Tesco has asked three more executives to leave the company, in its latest move since its £250m profit overstatement. 

Tesco suspends execs over profit error

Tesco has reportedly suspended four executives, after the company overstated its half year profit by an estimated £250m. 

Tesco shares rise following Dave Lewis appointment

Shares in supermarket giant Tesco climbed more than 2% to 291p on the news that Philip Clarke is to be replaced by Unilever’s Dave Lewis in October.

New chief executive for Tesco

Tesco has announced that Dave Lewis of Unilever will replace Philip Clarke as chief executive on 1 October 2014.

My Account

Most read

Social