Difference between revisions of "User:RahalMccall69"

Revision as of 06:23, 31 October 2014

@@@ 3 hours ago3 hours ago

 has suspended three more senior employees as part of its ongoing investigation into a 250m accounting scandal.

 We have asked three employees to step aside to facilitate the investigation into the potential overstatement of profits in UK food for the first half of the year, the company said in a statement.

Tesco declined to name the employees but they are understood to be category directors in charge of procuring whole sections of goods for Tesco stores.

 Dan Jago, Tesco s UK and group wine director, Sean McCurley, director of convenience foods, and William Linnane, director of impulse purchases. Their Twitter and LinkedIn accounts were deactivated on Tuesday.

Tesco has said it would update the market and authorities on its investigation at its interim results on 23 October. The City regulator, the , is conducting an investigation into the issue.

Dave Lewis, Tesco s new boss, has already asked four senior executives to step aside and Tuesday s suspensions take the total to seven.

Those already suspended are Chris Bush, managing director UK; Carl Rogberg, UK finance director; John Scouler, food commercial director; Matt Simister, who is responsible for sourcing; and Kevin Grace, commercial director.

Earlier this week Tesco s company secretary, Jonathan Lloyd, said he would leave the retailer next March after serving his notice period. Audit committee chairman and non-executive director Ken Hanna is also expected to stand down when his six-year term ends later this year.

Tesco beefed up its board last week with the appointment of a former Ikea chief, Mikael Ohlsson, and the Compass CEO, Richard Cousins, as non-executive directors.

The accounting scandal, which is being investigated by Deloitte and the law firm Freshfields, has knocked more than a fifth off Tesco s share price , when the company admitted it had overstated its first-half profits forecast by 250m.

The statement came three weeks after a trading update that predicted first-half profit would be 1.1bn, down from 1.6bn a year earlier.

guardian.co.uk Guardian News and Media Limited 2010

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Difference between revisions of "User:RahalMccall69"

Revision as of 06:23, 31 October 2014

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-"I have not been able to talk to my brother about this because he is sick. He doesn't speak too well. But he is proud that we are here for him. He has given this film his blessing, Rahman .<br>
+hours ago3 hours ago
-The 72-year-old former heavyweight world champion has struggled with Parkinson's disease since his diagnosis in 1984. In February 2013, Rahman said his brother "could die within days", eliciting a whirlwind of media activity and denials from family members.<br>
-Ali's last major public appearance was at the 2012 Olympic Games.<br>
-Ali's weakening conditions prevented him from being involved in the making of this documentary. Instead, the film relies on interviews with relatives and friends, along with audio journals recorded in his prime.<br>
-Ali's daughter, Maryum, attended the premiere and came away with positive reviews.<br>
-"He's going to love it. I know he is. He is going to cry, he is going to laugh. He will be very proud," she said.<br>
-The documentary, directed by Britain's Clare Lewins, follows the story of Cassius Clay's birth in Kentucky, to winning gold at the 1960 Rome Olympics, defeating Sonny Liston for the heavyweight championship, converting to Islam and changing his name and the aftermath of his refusal to go to Vietnam.<br>
-Ali's son, Muhammad Ali Jr, told reporters in January that there was "no chance" his father would survive the year. "I just want, hope and pray to God that this awful disease takes my dad sooner rather than later," he said.<br>
-Ali finished his career 56-5 with 37 wins by way of knockout.&nbsp;<br><p>Related Articles:</p><ul><li></li><li></li><li></li></ul>
+  has suspended three more senior employees as part of its ongoing investigation into a 250m accounting scandal.
+  We have asked three employees to step aside to facilitate the investigation into the potential overstatement of profits in UK food for the first half of the year, the company said in a statement.
+ Tesco declined to name the employees but they are understood to be category directors in charge of procuring whole sections of goods for Tesco stores.
+  Dan Jago, Tesco s UK and group wine director, Sean McCurley, director of convenience foods, and William Linnane, director of impulse purchases. Their Twitter and LinkedIn accounts were deactivated on Tuesday.
+ Tesco has said it would update the market and authorities on its investigation at its interim results on 23 October. The City regulator, the , is conducting an investigation into the issue.
+ Dave Lewis, Tesco s new boss, has already asked four senior executives to step aside and Tuesday s suspensions take the total to seven.
+ Those already suspended are Chris Bush, managing director UK; Carl Rogberg, UK finance director; John Scouler, food commercial director; Matt Simister, who is responsible for sourcing; and Kevin Grace, commercial director.
+ Earlier this week Tesco s company secretary, Jonathan Lloyd, said he would leave the retailer next March after serving his notice period. Audit committee chairman and non-executive director Ken Hanna is also expected to stand down when his six-year term ends later this year.
+ Tesco beefed up its board last week with the appointment of a former Ikea chief, Mikael Ohlsson, and the Compass CEO, Richard Cousins, as non-executive directors.
+ The accounting scandal, which is being investigated by Deloitte and the law firm Freshfields, has knocked more than a fifth off Tesco s share price , when the company admitted it had overstated its first-half profits forecast by 250m.
+ The statement came three weeks after a trading update that predicted first-half profit would be 1.1bn, down from 1.6bn a year earlier.
+ guardian.co.uk Guardian News and Media Limited 2010
+ &nbsp;
+The GuardianLatest news, sport, business, comment, analysis and reviews from the Guardian, the world's leading liberal voice.
+Register for Financial Markets News Alerts
+"><p>Related Articles:</p><ul><li></li><li></li><li></li></ul>