Tesco: Analysts said the astonishing size of the shortfall in its profits admitted to yesterday seemed to be related to one relatively narrow area, and they feared that further investigations could find errors elsewhere, according to The Independent. Tesco: the suspended executives Investors sold the shares heavily, leaving them at 11-year lows, fearing the situation may get so bad that the company has to tap the markets for hundreds of millions of pounds to shore up its finances. Tesco has already said it is slashing its dividend to enable it to cut its prices, and an emergency rights issue the sale of new shares would only make the stock even less appealing to investors. HSBCs head of European consumer retail research, David McCarthy, said: This raises the spectre that there could be more issues across the group. Carrefour had a similar problem in Brazil and it took several profit warnings before the matter was cleared up.
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