tesco

Smith & Williamson's John Anderson has been snapping up Tesco bonds as they offer "the most outstanding value he has seen for some time".

Beleaguered supermarket Tesco is planning a cost-cutting drive which will see it cancel its full-year dividend, close stores, and appoint a new UK CEO in a bid to reverse its fortunes.

The FTSE 100 is set to post a loss of around 2.5% for 2014 after falling back sharply yesterday (30 December) following several days of gains.

The Financial Reporting Council (FRC) is to investigate several years' worth of Tesco financial statements following the revelation the supermarket overstated profits earlier this year.

James Henderson has added a small stake in Tesco to his Lowland investment trust, after shares plunged 15% following the supermarket's third profit warning in four months.

Tesco, Aviva's mega merger, and the pre-election pound

Tesco shares have opened 15% lower after the retailer said full-year profits will come in below market expectations.

Mega-caps may have struggled this year, but the UK is awash with successful self-help situations, says EEA's David Urch.

One Tesco director suspended following the firm's £263m accounting error will return to his job at the retailer.

Corporate financial reports have grown in length and complexity, leaving some managers baffled. Annabelle Williams reports.