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Transcripts For BLOOMBERG On The Move 20140922

Good morning. Welcome. You are watching the pulse. I am guy johnson. The big story of of the morning is tesco shares down. Down hard. More bad news for britains biggest. Accounting investigation overstating its profits by a quarter of a billion pounds. Here with the details. Caroline hyde. They are saying that first of all, they have overstated to a tune of a quarter of a billion pounds. The reasons are they have accounted for some money too early and some too late. It is delaying when they will come out with their first half numbers. Involved inting terms of digging through and doing an independent investigation. What is unraveling through the investigation, uncertain executives to set aside. Most noticeably. Uk h most notably is the u. K. Head. He may have to step aside. 4 in total will be asked to stand down. Rifling into what is behind the overestimation. , less than the back a month ago, tesco came out saying the profit we estimated war not to be as much as you analysts think. Wil ....

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