Tesco has settled with the SFO – but it faces more headaches ahead | Nils Pratley

The supermarket giant can move on after the accounting scandal, although restless shareholders could spell troubleFor Tesco, a £235m bill to settle investigations by the Serious Fraud Office and Financial Conduct Authority counts as a tidy piece of business. The sum will wipe out almost 20% of operating profits last year, but the company’s negotiating power was approximately zero after it had confessed to a £326m overstatement of profits in 2014. Assuming the deferred prosecuti