Tesco

Tesco logs £ 40 million annual net loss on accounting scandal

Tesco logs £ 40 million annual net loss on accounting scandal

The after-tax loss, equivalent to $50 million or 47 million euros, was skewed by a £235-million hit in costs arising from the three-year-old scandal.

Apr 12, 2017, 14:54 PM IST
Tesco to pay $162 million to settle false accounting charges

Tesco to pay $162 million to settle false accounting charges

Britain`s biggest retailer Tesco has agreed to pay a $162 million fine plus compensation to settle an investigation over a 2014 accounting fraud that sparked the biggest crisis in the company`s near 100-year history.

Mar 28, 2017, 13:01 PM IST
Tesco pulls Unilever goods in Brexit row after pound plunges

Tesco pulls Unilever goods in Brexit row after pound plunges

Britain`s biggest retailer Tesco pulled Unilever goods such as Marmite from its website in a pricing row sparked by the Brexit-induced plunge in the pound, one of the most vivid signs to date of how leaving the EU could hurt consumers.

Oct 13, 2016, 14:18 PM IST