Olympus-style accounting scandal sees CEO resign from Toshiba
Toshiba CEO Hisao Tanaka, as well as chairman Masashi Muromachi and vice-chairman Norio Sasaki, will be stepping down due to the company overstating its profits by £780m.
Investigation into Tesco financial practices launched
Tesco will be investigated by the Financial Conduct Authority (FCA), in response to the announcement last week that the company had overstated its profits guidance.
New CFO parachuted into Tesco
After the announcement Monday that Tesco had overstated its profit guidance by £250m, Alan Stewart, previous CFO for M&S, will join Tesco more than 2 months earlier then expected.
