Tesco Dodges a Bullet Customers to Pay £220m for SFO Fraud Fine and Investors CompensationCompanies / Tesco Apr 05, 2017 - 06:40 AM GMT
So Tesco managed to dodge a bullet and avoid a criminal prosecution by agreeing to pay a fine of £129m as part of a Deferred Prosecution Agreement with the Serious Fraud Office for its 2014 false accounting scandal as well as to compensate investors by an estimated £90m (including interest) for those who bought Tesco shares on the basis of false accounting in 2014.
And for the prospects for Tesco's stock price watch:
Whilst this video in this series explained why the UK retail sector faces a perfect storm of rising prices, falling consumer disposable earnings and haemorrhaging customers to the discounters, that could even result in a Woolworth's moment...subscribed to my always free newsletter and youtube channel for forthcoming in-depth analysis and detailed trend forecasts.
By Nadeem Walayat
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Nadeem Walayat has over 25 years experience of trading derivatives, portfolio management and analysing the financial markets, including one of few who both anticipated and Beat the 1987 Crash. Nadeem's forward looking analysis focuses on UK inflation, economy, interest rates and housing market. He is the author of five ebook's in the The Inflation Mega-Trend and Stocks Stealth Bull Market series that can be downloaded for Free.
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