Regulator begins investigation over Tesco profits
The Financial Conduct Authority has begun a full investigation into Tesco after the supermarket overstated its half-year profits by £250m, the company has announced.
Tesco's new chief financial officer will begin his role three months earlier following the shock profit warning.
Alan Stewart will start immediately rather than at the beginning of December after it revealed an accounting issue had seen the chain overstate its first half-year profit.
