ABU DHABI/WAM The Ministry of Finance and the Federal Tax Authority (FTA) have announced an ...
Read More »Grocery giant is about to write off its darkest chapter
Tesco Plc is close to settling with prosecutors over its 2014 profit overstatement. The retailer could within weeks strike a deal with Britain’s Serious Fraud Office, according to Sky News, including a fine of more than 100 million pounds ($126 million). That’s not insignificant. Tesco’s operating profit is expected to be about 1.2 billion pounds in this financial year, ...
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