SFO hits Tesco with £129m fine while FCA demands £85m shareholder compensation scheme

Schroders urging Tesco to reconsider Booker merger

Daniel Flynn
clock • 4 min read

Tesco has agreed to pay a £129m fine to the Serious Fraud Office (SFO), while the Financial Conduct Authority (FCA) has also instructed the group to set up a £85m compensation scheme after the retailer misled around 10,000 investors over the value of its stocks and shares in an August 2014 trading update.

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