The cat is still well and truly among the pigeons at Tesco. Following its £263 million profits overstatement, suspension of head wine honcho Dan Jago, along with seven other senior executives, and the current investigation by the Serious Fraud Office, every little has not helped.
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Tesco UK and European investors could join US shareholders in taking legal action against the beleaguered retail chain in the wake of its £263 million overstatement of profits.
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Lidl is the UK's best supermarket for wine when it comes to value - according to an 18-month study tasting over 4,000 wines carried out by the Wotwine app.
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The head of the government's business select committee has written to the Groceries Code Adjudicator about how Tesco practices may have infringed the "spirit" of the Code and what action is being taken.
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In case you missed some of the headlines this week on harpers.co.uk, we have done a review of the top online news, financial news for the drinks trade, Q&As, and opinion stories.
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Troy Christensen, chief executive of Enotria, tells Gemma McKenna what's going on at the supplier, the state of distributor retailer relations in light of TescoGate, and what we can expect next.
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Business secretary Vince Cable has written to the Groceries Code Adjudicator over concerns about Tesco's relationships with its suppliers.
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World leading wine consultant, Michel Rollland, and Tesco's Laura Jewell MW are the two latest big names to sign up to the Wine Vision event taking place in London later this month.
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In case you missed some of the headlines this week on harpers.co.uk, we have done a review of the top online news, financial news for the drinks trade, Q&As, and opinion stories.
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The Serious Fraud Office has launched a criminal investigation into Tesco's accounting irregularities after the retailer confimed it had mis-stated profits by £263 million.
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Tesco has listed a Help for Heroes beer, created by injured veterans with the help of brewer and pub operator Marstons, to help raise funds for wounded servicemen.
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A leading retail expert has said Britain's Big Four need to ditch larger stores and "cosy up" to discounters by locating convenience outlets next door.
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Professor Heiner Evanschitzky of Aston Business School asks whether the supermarkets handle Britain's changing shopping habits.
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In case you missed some of the headlines this week on harpers.co.uk, we have done a review of the top online news, financial news for the drinks trade, Q&As, and opinion stories.
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Moody's Credit Agency further downgraded Tesco short and long-term credit in response to company's announcement yesterday that it had overstated profits by £263m. Tesco's ratings will remain on review for further downgrades due to concerns over the potential financial impact for shareholder litigation.
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A leading wine trade lawyer has called on suppliers who feel they have been badly treated by Tesco or any other supermarket, to complain to the Groceries Supply Code adjudicator.
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Suppliers who feel aggrieved at their treatment at the hands of any major retailer can take action now by complaining to the Groceries Supply Code of Practice adjudicator, writes wine trade lawyer Andrew Park.
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Ex-Somerfield wine buyer Angela Mount questions how Tesco's BWS department will function in the longer term as pressure to make trading plans for next year builds.
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Ex-Somerfield head of wine Angela Mount questions the impact on BWS of the lack of a long-term strategy at Tesco, as the retailer struggles to manage the consequences of its financial scandal.
Read more...The national media's business press has been busy this morning analysing Tesco's half-year 92% drop in pre-tax profits and even larger accounting black hole and looking at ways it can get itself out of the mire and back to leading the UK grocery retail market.
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