Tesco PLC share price down, Chairman Broadbent to step down as profit collapses
October 23, 2014 9:48 am
On Thursday Tesco said its chairman would step down, as it confirmed that first-half pre-tax profit had been exaggerated by £263m due to accounting irregularities, which had gone back further than expected. Richard Broadbent, chairman since 2011, said he would step down when managements transition is complete and business plans are in place. “It will […] Read more