Sonntag, 25. Februar 2024
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Global Industry: Tesco discloses massive accounting error

Hamburg. (bm) During its final preparations for the forthcoming interim results, Tesco PLC has identified an overstatement of its expected profit for the half year, principally due to the accelerated recognition of commercial income and delayed accrual of costs. On the basis of preliminary investigations in to the UK food business, the Board believes that the guidance for the Group profits for the six months to 23 August 2014 was overstated by 250 million GBP or 318 million EUR. Other topics of the week:

Title Region Date
Arlon Group: Announces Latin America Advisory Board (US) Fri 09-26
Gavilon and AgMark: to Form Joint Venture in Kansas (US) Fri 09-26
Fitch: Inversion Rules Could Test BK/THI Combo (US) Thu 09-25
RGF: Update on pricing dispute with British Sugar (UK) Thu 09-25
UK: Reformulation no straight-forward solution to obesity (UK) Thu 09-25
Tesco PLC: Trading Update Discloses Accounting Error (UK) Wed 09-24
Tate + Lyle: H1/2014 Interim Management Statement (UK) Wed 09-24
Finsbury Food: Preliminary results FY 2014 (UK) Tue 09-23
Schwan’s Consumer Brands: promotes new president (US) Tue 09-23
Nestle Mexico: announces six-year investment (CH) Mon 09-22
Nestle South Africa: announces five-year investment plan (CH) Mon 09-22
Gavilon: Acquires Silica Grain in Central Kansas (US) Mon 09-22
Profile America: about purifying water (US) Mon 09-22
PepsiCo: Elects Member to Company´s Board of Directors (US) Mon 09-22
ConAgra Foods: Fiscal Q1/2015 EPS Higher Than Planned (US) Sat 09-20
OTA: expanding organic acreage is key issue for next decade (US) Sat 09-20
Nothing Bundt Cakes: celebrates its 100th bakery (US) Sat 09-20

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