07/10/2014

Fifth Tesco Executive Asked To 'Step Aside'

A fifth Tesco executive has been asked to step aside, while the supermarket continues to investigate an alleged £250 million profit forecast overstatement.

Kevin Grace, commercial director at Tesco has been asked to step aside, as part of the investigation, according to a report by the Financial Times.

The supermarket previously asked four other executives to step aside from the company while it investigates claims that reported profits of £250m had been overestimated.

(MH/CD)

Related UK National News Stories
Click here for the latest headlines.

14 October 2014
Three More Tesco Executives Suspended
A further three Tesco executives have been asked to step aside, while the supermarket continues to investigate an alleged £250 million profit guidance overstatement. The latest round of suspensions brings the total number of executives asked to step aside, to eight. The investigation involves an alleged profit overstatement of £250m.
12 September 2013
One Step Closer For Live Broadcasting In Courts
Live television broadcasting in courts, for the first time, is one step closer after receiving final approval in the House of Commons. From next month broadcasting will be allowed for criminal and civil cases in the Court of Appeal, where filming will be allowed of the legal arguments and the final judgment.
04 July 2013
Police Renew Investigation Into Madeleine McCann Disappearance
A formal investigation of the disappearance of Madeleine McCann is underway following the discovery of new evidence and new witnesses, the Metropolitan Police has announced. A review of the case, said to have been approached with "new thinking", has renewed the investigation, which is now looking at 38 "persons of interest".
12 February 2013
Scottish Referendum To Be Legally Approved
The power to hold a referendum on Scottish independence is to be officially and legally granted to Holyrood later in London. The Scottish Parliament will be granted the official powers under a Section 30 order by the Privy Council. The is a formality but nevertheless a significant step towards the referendum.
12 November 2012
Director And Deputy Director Of News At BBC 'Step Aside'
Both the BBC director and deputy director of news have been asked to "step aside" pending the outcome of an internal review into the handling of the Jimmy Savile claims. The move follows a report into a separate Newsnight broadcast on abuse claims, which said the BBC must resolve a "lack of clarity" in the chain of command.