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Stock Market & Financial Investment News

News Breaks
June 24, 2014
05:26 EDTTSCDYTesco downgraded to Neutral from Outperform at Exane BNP Paribas
News For TSCDY From The Last 14 Days
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October 1, 2014
06:15 EDTTSCDYFCA investigating Tesco following overstatement of expected 1H profit
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September 29, 2014
06:48 EDTTSCDYTesco head says firm culture ready for overhaul, Reuters says
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September 25, 2014
06:55 EDTTSCDYTesco may offer redundancy for up to 70 staff, The Independent reports
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September 24, 2014
11:36 EDTTSCDYFinancial Reporting Council says monitoring Tesco situation
The Financial Reporting Council said, "The FRC is monitoring the situation following Tesco’s announcement closely. The FRC has disciplinary powers in relation to misconduct by accountants and, through the Financial Reporting Review Panel, can also require a company to restate its financial statements. The FRC does not have powers to monitor or require restatement of unaudited trading statements. It will consider the outcome of the investigation announced by the company and determine whether it should take regulatory action." The statement comes two days after Tesco announced it overstated its 1H profit by an estimated GBP250M. Reference Link
September 23, 2014
06:05 EDTTSCDYTesco CFO Stewart to start earlier than previously anticipated
Tesco announced that pursuant to Listing Rule 9.6.11, and further to the company's announcement on July 28, Alan Stewart will join the Board as CFO with effect from September 23, rather than the previously announced date of December 1. Reference Link
September 22, 2014
07:15 EDTTSCDYTesco suspends high-ranking execs over profit misstatement, Guardian says
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06:22 EDTTSCDYTesco says overstated 1H profit by an estimated GBP250M
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