1. Tesco Accounting Black Hole Deepens, Chairman to Step Down

    Tesco Accounting Black Hole Deepens, Chairman to Step Down

    LONDON - The chairman of Britain's biggest grocery chain, Tesco, announced his resignation on Thursday after the company reported a bigger than expected hole in its finances and said accounting transgressions went back further than initially thought. Tesco, Britain's biggest private employer and once the juggernaut of its retail sector, has lost half its market value this year after the ...

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    1. Our business is operating in challenging times.
    2. Tesco doesn't need to be the big sprawling business that it is.
    3. Tesco has had quite a few years of challenge and disappointment, However, we can never recall a period so damaging to the reputation of the company as the first half, 2015.
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