Tesco needs help


Tesco accounting black hole could be even deeper than first feared

Revelations will heap even more pressure on the troubled supermarket group which has been embroiled in a wave of financial woes this year

18 Dec 2014



Tesco ropes in PwC for stock takes

The Big Four firm is set to assist the retailer with its plans to probe products that are lost, stolen or damaged in many of its 3,300 stores

15 Dec 2014


Tesco's financial woes roll on with fifth profit warning

Group chief executive says profit for the year ending February 2015 would not exceed £1.4bn - well below market expectations, of £1.8bn to £2.2bn

09 Dec 2014


Deloitte partner steps in as Hargreaves Lansdown CFO steps down

Simon Cleveland on secondment at the famous retail investor, as Tracey Taylor announces plan to leave in June

08 Dec 2014


Recruiter seeks to boost number of female CFOs in FTSE 100

The number of female CFOs in the FTSE 100 stands at just 11 as recruiter Egon Zehnder launches its 25 by 25 drive, writes Calum Fuller

01 Dec 2014


Tesco UK FD leaves in wake of £263m overstatement

UK FD Carl Rogberg one of three senior executives shown the door at Tesco

28 Nov 2014


One code to rule them all: ICAEW calls for new approach to business behaviour

There needs to be a set of high-level, fundamental principles to promote a good culture of corporate governance

27 Nov 2014


IIRC launches integrated reporting tech initiative

The International Integrated Reporting Council joins forces with technology companies to support adoption of integrated reporting

27 Nov 2014


Too expensive? Too risky? Controlling your defined benefit pensions scheme

Senior finance and trustee representatives to outline FDs' strategies for managing their defined benefits pensions scheme

21 Nov 2014


Growing pains of economic recovery

Economists are upbeat on UK growth prospects, but a number of caveats puncture the bubble of outright optimism, writes Chris Warmoll

20 Nov 2014


Towergate admits to operational cash flow "uncertainties"

Bondholder report shows insurance broker's net cash outflow of £59m before financing

20 Nov 2014


Diageo ends 17-year audit relationship with KPMG

PwC replaces KPMG as auditors of FTSE 100 drinks manufacturor Diageo

11 Nov 2014


£1.5bn writedown sees Serco go cap in hand to the market

Outsourcer faces huge writedown; covenant negotiations; and rights issue as poor contract controls and strategic blunders take their toll

10 Nov 2014


BIS: Investor governance key focus for FRC

Progress report on Kay Review into improving long-term investor culture flags up importance of FRC's stakeholder stewardship remit

28 Oct 2014


Former Schroders CFO takes Standard Life non-exec role

Kevin Parry expands his portfolio of roles with Standard Life non-executive director position

27 Oct 2014


LIVE BLOG: Tesco's trading update

Welcome to the Accountancy Age/Financial Director live blog, where we will cover all the relevant issues and opinions that arise from Tesco's crucial trading update

23 Oct 2014


EC urged to keep company "red tape" over human rights concerns

ECCJ report follows new European Commission announcement that it would prioritise cutting regulatory burdens for business over next five years

22 Oct 2014


Audit and risk committees must share greater responsibilities

FERMA and ECIIA outline need for collaboration between audit and risk committees following EU directive

22 Oct 2014


The Secret FD: Black holes should be on CFO reading lists

At some point, some of us will have to face a potential black-hole problem. The Secret FD has experienced it twice

22 Oct 2014


Small group of Tesco staff to ‘blame' for £250m black hole

Hotly anticipated explanation for overstatement scandal expected to shed light on events that led to current crisis

20 Oct 2014

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Latest Opinion

Computers and the internet surpass inventions of the past

Has a single invention since 1970 has been worth a dime? The short answer is ‘yes’

The Secret FD on keeping it in the family

In a family business, how is it possible to perform the FD role properly and still remain on side with the family?

One code to rule them all: ICAEW calls for new approach to business behaviour

There needs to be a set of high-level, fundamental principles to promote a good culture of corporate governance

Latest Analysis

Employment Appeal Tribunal alters holiday costs for employers

Employers will need to make provisions for increased costs in light of holiday pay ruling, writes John Harding

Slow and steady wins the IFRS 9 race

With a complex transition period ahead and the deadline for mandatory compliance set for 1 January 2018, financial services firms need to start thinking about the new standard now


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