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- TSCO.LReuters•18 hours ago
Britain's biggest retailer Tesco is in advanced talks with the Serious Fraud Office (SFO) over a plea deal that would involve it paying a large fine over its 2014 profit overstatement, Sky news said on Saturday. Sky said it had learned that lawyers acting for Tesco are closing in on a deferred prosecution agreement (DPA) following months of discussions with the SFO. No comment from Tesco was immediately available.
- TSCO.LSky News•18 hours ago
Tesco (Frankfurt: 852647 - news) is in advanced talks about a deal with prosecutors that would involve it paying a huge fine over the 2014 financial reporting scandal that saw it exaggerate its profits by more than £300m. Sky News has learnt that lawyers acting for Britain's biggest retailer are closing in on a deferred prosecution agreement (DPA) following months of discussions with the Serious Fraud Office (SFO). A DPA - which remains a relative rarity in the UK - would involve Tesco Stores Ltd, the supermarket giant's British subsidiary pleading guilty to offences likely to relate to the way it accounted for profits in the period leading to the scandal's exposure.
These two dividend stocks yield more than 6%.