Tesco, Burberry, Thomas Cook: Everything that matters this morning
Two former Tesco directors acquitted over alleged profit scam
Two ex-Tesco directors have been acquitted of fraud and false accounting charges in relation to a £250m overstatement of profits by the supermarket giant after a judge dismissed the case due to lack of evidence.
Chris Bush, Tesco’s former UK managing director, and John Scouler, ex-food commercial director, have since criticised the Serious Fraud Office (SFO).
They were originally accused of having knowledge of income that
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