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Opening Quote: Tesco’s “little better” makes for better days

Summary:
Tesco’s “little better” makes for better days. FT Opening Quote, with commentary by Matthew Vincent, is your early Square Mile briefing. You can sign up for the full newsletter here. Old Tesco and New Tesco have both been on display this week. But, unlike certain packs of supermarket chicken, the former is thankfully well past its sell by date.Yesterday, a court was told how, under previous management, senior staff had resigned from the retail group because they felt so “compromised” about being asked to “misreport” profits. A trial of three executives – who deny any wrongdoing – has heard of frantic attempts to deal with a growing hole in Tesco’s accounts back in 2014, which was caused by the practice of illegitimately “pulling forward” unearned future income.This morning, however,

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Tesco’s “little better” makes for better days. FT Opening Quote, with commentary by...

Siona Jenkins
Former Cairene; FT Middle east news editor. Views my own.

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