
Three former senior executives of Tesco accused of fraud and false accounting at Britain's biggest retailer are due to go on trial on Monday in a London court.
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Three former senior executives of Tesco accused of fraud and false accounting at Britain's biggest retailer are due to go on trial on Monday in a London court.
Tesco will cut 1,200 jobs at its head office to simplify its operations, a spokesman said on Wednesday.
Tesco Chief Executive Dave Lewis has been called as a prosecution witness in the trial of three former senior executives accused of fraud and false accounting at Britain's biggest retailer, a court heard on Tuesday.
British retailers, food producers and consumer goods makers are cutting back on advertising to direct their firepower instead at lowering prices in the face of rising inflation, hitting the income of media groups.
Britain's biggest retailer Tesco is facing a new claim for damages from an investor about its 2014 profit overstatement, the company said on Tuesday.
Tesco, Britain's biggest retailer, has proposed a shake-up of its distribution network that will result in the loss of a net 500 jobs, it said on Monday.
The former group commercial director of Tesco, Kevin Grace, will not face charges from the Serious Fraud Office (SFO) over the accounting scandal that rocked Britain's biggest retailer in 2014, his lawyer said.
Philip Clarke, the former chief executive of Tesco, will not face charges from the Serious Fraud Office (SFO) over the accounting scandal that rocked Britain's biggest retailer in 2014, his lawyer said on Monday.
Britain's biggest retailer Tesco has warned its multi-national suppliers against pushing up prices following a drop in the pound just so they can maintain their reported profits.
Tesco appeared to emerge victorious from a pricing row with Unilever on Friday, with its shares rising 4 percent. Analysts said the retailer had copped a public relations coup, casting itself as the consumer's champion.