This week, as the pound has rocketed even lower, we experienced a strange side-effect of Brexit that I don’t think anybody predicted back in June Marmite has become slightly more difficult to get hold of.
Major supermarket group Tesco has posted Britain's biggest retail loss, reporting losses of £6.4bn. This outdid predictions ahead of the announcement – the worst of which had estimated the retailer revealing a £5bn loss.
There’s nothing new about controversial payments in supermarket supply chains or pressure form big retailers to force suppliers into penury. But one of the big lessons from Tesco’s latest troubles is that the finance function has a choice to make: be an enabler or a challenger of those kinds of unsustainable practices.
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.
Tesco has suspended four executives and launched an investigation after it was reported internally that its half-year profit guidance had been overstated by £250m.
From the way he talks, you'd be forgiven for thinking that Tesco's new CEO Dave Lewis is giving up a corporate job to start his own small business, rather than taking the top job at the second-largest retailer in the world.
Tesco has tried to trademark the blue dashes in its logo without much success.