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.
To continue reading this article...
Join Investment Week today
Free for those involved in advising, managing and/or analysing investments or £1 per day for professionals outside of these roles.
- Unlimited access to real-time news, analysis and opinion from the investment industry, including the Sustainable Hub covering fund news from the ESG space
- Get ahead of regulatory and technological changes affecting fund management
- Important and breaking news stories selected by the editors delivered straight to your inbox each day
- Weekly members-only newsletter with exclusive opinion pieces from leading industry experts
- Be the first to hear about our extensive events schedule and awards programmes
