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Britain's Fraud Office confirms Tesco probe

Oct 30 2014 13:50

Britain's Serious Fraud Office has confirmed that the director has opened a criminal investigation into accounting practices at Tesco.


UK watchdog to probe Tesco errors

Oct 29 2014 16:30

Britain's Serious Fraud Office is to launch a formal criminal probe into accounting errors at troubled supermarket Tesco, according to Sky News.


Woolworths positive about Namibian prospects

Oct 28 2014 14:22

In October Woolworths will open its ninth store in Namibia at The Grove in Windhoek.


New Tesco boss gets 'golden hello'

Oct 27 2014 20:04

Tesco has awarded new boss Dave Lewis options for 1.66 million shares to compensate for benefits he surrendered when he quit his previous job.


Investors worry about Tesco's fall from grace

Oct 27 2014 11:55

Investors have demanded higher yields to hold Tesco's debt while the cost of insuring against default has risen sharply after ratings downgrades.


Shoprite Group increases turnover

Oct 27 2014 10:15

The Shoprite Group has increased turnover for the three months to September 2014 even though local market conditions remain relatively unchanged.


Africa's fashion influence increasing

Oct 24 2014 16:00

Fashion industry icons and local and international media are set to converge on Melrose Arch, Johannesburg, for the Mercedes-Benz Fashion Week Africa.


Cadbury Nigeria profit falls 57%

Oct 24 2014 15:31

Cadbury Nigeria says its nine-month pretax profit was $14.54m, down 57% from the same period a year ago, sending its shares tumbling.


New Tesco boss starts long journey

Oct 23 2014 19:16

New Tesco boss Dave Lewis has unveiled a flurry of small tweaks to Britain's ailing No.1 grocer, but not the big rescue plan many think it needs.


Tesco cancels full-year profit forecast

Oct 23 2014 14:00

Tesco has reported a bigger-than-expected hole in its finances after finding accounting errors had gone back further than initially thought.

Inside Fin24.com


Nestlé ready to act if Ebola spreads - CEO

Oct 23 2014 10:53

Nestlé has no plans to curb output in cocoa and coffee-rich West Africa because of Ebola, but is ready to adapt if the disease spreads, says the company's CEO.


Tesco CEO says more ways to win back shoppers

Oct 23 2014 10:30

Tesco CEO Dave Lewis says there is more it can do on prices, but it was not the only way for the embattled British supermarket to win back lost market share.

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