Tesco shares tumble amid profits debacle

Tesco shares tumble amid profits debacle

Shares in Tesco are now worth only half of what they were twelve months ago.

The decline has not been helped by the supermarket giant recently overstating its profits by £250m.

Earlier Britain's Financial Conduct Authority said it has launched a full investigation, and Tesco says it is co-operating fully with the regulator.

More in this Section

600 staff temporarily laid off at Quinn Industrial Holdings due to Covid-19600 staff temporarily laid off at Quinn Industrial Holdings due to Covid-19

Crude oil trades as low as at $10 a barrel in North America amid Covid-19 crisisCrude oil trades as low as at $10 a barrel in North America amid Covid-19 crisis

Shopping centre landlord Hammerson in talks about rents with Irish retailersShopping centre landlord Hammerson in talks about rents with Irish retailers

Government costs 'worst-case' job losses of 800,000 in Covid-19 falloutGovernment costs 'worst-case' job losses of 800,000 in Covid-19 fallout


Lifestyle

Ellie O’Byrne rounds up some of the virtual gigs, films and other eventsArts Noticeboard: Online entertainment options

It’s 25 years since Toy Story first stunned us with its brilliance. Esther McCarthy looks back onJohn Lasseter’s masterpiece and why it’s regarded as a milestone of modern cinemaInfinity and beyond: How Toy Story altered movie history

All the wines recommended this week are available for delivery.Wine with Leslie Williams: Looking for a wine delivery service? Here are a few ...

If I could be reborn for a day I’d be a cat. I love their serenity and independence and how they always manage to find that one shaft of sunlight.This Much I Know: Broadcaster, Mary Kennedy

More From The Irish Examiner