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Tesco suspends Bosses over £250 million profit error

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Warren Buffet loses $678 million on Tesco in just 3 months

Post  Panda on Sat 8 Nov - 16:38

http://www.telegraph.co.uk/finance/newsbysector/epic/tsco/11217944/Warren-Buffett-loses-678m-on-Tesco-in-just-three-months.html


I'm know Warren Buffet is the World Guru in the stock market and surprised he has lost so much .....still, he is worth Billions so can afford it.

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Re: Tesco suspends Bosses over £250 million profit error

Post  Badboy on Sat 15 Nov - 0:52

I READ THT IT IS EXPECTED THAT SUPERMARKETS WLL LOSE MONEY FOR THE NEXT TWO YEARS

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Re: Tesco suspends Bosses over £250 million profit error

Post  Panda on Sat 15 Nov - 8:48

Badboy wrote:I READ THT IT IS EXPECTED THAT SUPERMARKETS WLL LOSE MONEY FOR THE NEXT TWO YEARS


I wouldn't be surprised Bdboy. What's worrying though is that except for Aldi and Lidl are going to downsize and there will be big Staff redundancies , just when the economy was doing O.K.

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Re: Tesco suspends Bosses over £250 million profit error

Post  Badboy on Sat 15 Nov - 21:53

SAINSBURY GONE INTO RED,I THINK?

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Re: Tesco suspends Bosses over £250 million profit error

Post  Panda on Sat 15 Nov - 22:49

Badboy wrote: SAINSBURY GONE INTO RED,I THINK?

Yes Badboy, most of the U.K. Supermarkets have , except for Aldi and Lidl, even Asda is accusing Tesco of misleading reductions which we know already. for Asda to complain suggests they too are feeling the pinch.

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Re: Tesco suspends Bosses over £250 million profit error

Post  Badboy on Sat 15 Nov - 22:53

ASDA'S GROWTH WAS ONLY 1% PLUS OR MINUS.

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Re: Tesco suspends Bosses over £250 million profit error

Post  Badboy on Sun 16 Nov - 1:17

WAITROSE'S BOSS HAS SAID GROCERY SECTOR IS FACING BIG PROBLEMS OVER THE NEXT FEW YEARS.
SAYS SUPERMARKETS MAY HAVE TO DIVERSIFY INTO FASHION.

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Re: Tesco suspends Bosses over £250 million profit error

Post  Badboy on Tue 18 Nov - 0:42

GOLDMAN SACHS ARE SAYING IN 5 SUPERMARKETS ARE GOING TO CLOSE.

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Re: Tesco suspends Bosses over £250 million profit error

Post  Badboy on Thu 20 Nov - 15:04

MORE BAD NEWS FOR SUPERMARKETS,PEOPLE SPENDING ON GROCERIES ETC HAS DECLINED BY ABOUT 2%.
WITH PRICE CUTS AND THE ABOVE,SUPERMARKETS FACE DOUBLE WHAMMY AND DECLINING  PROFITS.

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Re: Tesco suspends Bosses over £250 million profit error

Post  Badboy on Sat 22 Nov - 20:59

I READ A REPORT IN GUARDIN SAYING TESCO'S IS THE MOST EXPENSIVE EXCEPT PERHAPS WAITROSE,MORRISONS COMES OUT CHEAPEST.
THINGS CAN ONLY GET WORSE.

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Re: Tesco suspends Bosses over £250 million profit error

Post  Badboy on Tue 25 Nov - 23:31

TESCO'S SHAREHOLDERS ARE BEING TO SUE OVER POSSIBLE LOSSES OVER THE 260MILLION ERROR.

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Re: Tesco suspends Bosses over £250 million profit error

Post  Badboy on Sat 29 Nov - 21:49

TESCO'S BANK PAYING OUT OVER ERRORS.

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Re: Tesco suspends Bosses over £250 million profit error

Post  Badboy on Sat 6 Dec - 0:49

A TAXI DRIVER I SPOKE TO SAID THAT SUPERMARKETS PRODUCTS LACK QUALITY UNLIKE WAITROSE,ALSO SERVICE WAS BAD.
SEPARATLY TESCO'S WERE HAVING PROBLEMS WITH THEIR WEBSITE/CLICK AND COLLECT.

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Re: Tesco suspends Bosses over £250 million profit error

Post  Badboy on Wed 10 Dec - 0:28

TESCO'S PROFITS REPORTED TO HAVE DROPPED TO 1.4BILLION FROM 1.9BILLION LAST YEAR.
WENT INTO TESCO'S TODAY,STOCK MANAGEMENT MIGHT HELP LOCAL SUPERMARKET,LOW ON SPRING ONIONS AND MILK.

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Re: Tesco suspends Bosses over £250 million profit error

Post  Badboy on Tue 16 Dec - 1:31

TESCO'S LOOKING FOR SOMEONE TO OVERSEA SALES OF EXCESS PROPERTIES

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Re: Tesco suspends Bosses over £250 million profit error

Post  Badboy on Thu 1 Jan - 22:03

TESCO' HAS A £300MILLION PENSION FUND HOLE.

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Re: Tesco suspends Bosses over £250 million profit error

Post  Badboy on Sun 11 Jan - 0:25

TESCO'S HAS SUSPENDED ANOTHER DIRECTOR OVER HOLE,TESCO TO SELL OFF BLINKBOX,CLOSE 43 STORES,SACKING OF PERHAPS 1,000 STAFF ON THE PLATE

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Re: Tesco suspends Bosses over £250 million profit error

Post  Badboy on Wed 21 Jan - 0:58

TESCO'S IS TO LAUNCH A PRICE CUTTING EXERCISE,MANY PRICES ARE NEAR ALDI'S LEVEL.
TODAY I SPEND LESS AT TESCO'S THAN IF I WENT ELSEWHERE.

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Re: Tesco suspends Bosses over £250 million profit error

Post  Badboy on Sat 31 Jan - 20:34

TESCO'S ARE TO CUT NUMBER OF PRODUCTS IN STORE FROM 70,000 TO 50,000,METHINKS.

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Re: Tesco suspends Bosses over £250 million profit error

Post  Badboy on Sun 12 Apr - 14:16

TESCO TAKING ANOTHER CHARGE ON THEIR BUILINGS,WILL ANYTHING BE LEFT AFTER THIS.

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Re: Tesco suspends Bosses over £250 million profit error

Post  Badboy on Thu 23 Apr - 1:44

PROFITS AT TESCO'S HAVE FALLEN AGAIN.

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Re: Tesco suspends Bosses over £250 million profit error

Post  Badboy on Sun 21 Jun - 15:13

PROFITS HAVE FALLEN TO A 607MILLION PRE TAX LOSS.
LIKE FOR LIKE SALES ARE DOWN.

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Re: Tesco suspends Bosses over £250 million profit error

Post  AnnaEsse on Sun 21 Jun - 19:52

Badboy wrote:PROFITS HAVE FALLEN TO A 607MILLION PRE TAX LOSS.
LIKE FOR LIKE SALES ARE DOWN.

That doesn't surprise me. Tesco does "Brand Match," on prices of branded goods in other stores, but their own brands are more expensive. Their organic milk is a lot more expensive than Sainsbury's or Asda.

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Re: Tesco suspends Bosses over £250 million profit error

Post  Badboy on Sun 21 Jun - 20:03

THERE WAS AN ARTICLE,DIDN'T READ IT ,SAID SAINSBURY'S WAS THE CHEAPEST SUPERMARKET,SURPRISE! SURPRISE!
USED TO BE MORE EXPENSIVE THAN TESCO'S.
ONE DOES WONDER IF IT WILL BE TESCO'S THAT GOES BANKRUPT OUT OF BIG 4 SUPERMARKET.
ALL SUPERMARKETS EITHER LOSING MARKET SHORE AND/OR PROFITS.

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Re: Tesco suspends Bosses over £250 million profit error

Post  AnnaEsse on Sun 21 Jun - 20:17

Badboy wrote:THERE WAS AN ARTICLE,DIDN'T READ IT ,SAID SAINSBURY'S WAS THE CHEAPEST SUPERMARKET,SURPRISE! SURPRISE!
USED TO BE MORE EXPENSIVE THAN TESCO'S.
ONE DOES WONDER IF IT WILL BE TESCO'S THAT GOES BANKRUPT OUT OF BIG 4 SUPERMARKET.
ALL SUPERMARKETS EITHER LOSING MARKET SHORE AND/OR PROFITS.

Sainsbury's did used to be more expensive and there was definite snob value in shopping there. I shop regularly at Sainsbury's now because it does tend to be cheaper than Tesco for own branded goods and for branded goods. I've also got an Aldi round the corner. Tonight while I was watering 10 large pots of summer plants and two hanging baskets, I reminded myself that I had bought all of the plants for those containers at Aldi for a total of around £30.

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Re: Tesco suspends Bosses over £250 million profit error

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