26-01-2016 17:33 via uk.news.yahoo.com

Tesco rapped for mistreating suppliers to boost profits

By James Davey and Paul Sandle LONDON (Reuters) - Britain's biggest supermarket group Tesco propped up its finances by short-changing suppliers when it began lagging rivals, the country's grocery watchdog ruled on Tuesday. Tesco had an endemic culture of making unilateral deductions from suppliers' bills and delaying payments, in one case taking more than two years to pay a multi-million pound sum owed, a probe by Groceries Code Adjudicator (GCA) Christine Tacon found. Tacon began investigating
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