In addition to £129m fine
Tesco has said it "sincerely regrets" the accounting error which overstated profits by £263m and is forecasting volatile times ahead for the firm.
Loss leader? Ten funds backing a big Tesco turnaround
Tesco has reported a worse than expected full-year loss of £6.4bn, after £7bn in one-off charges arising from a "very difficult" 2014 dragged it into the red.
This week's smartest investment commentary... condensed
Beleaguered supermarket Tesco is planning a cost-cutting drive which will see it suspend its dividend, close stores, and appoint a new UK CEO in a bid to reverse its fortunes.
The Financial Reporting Council (FRC) is to investigate several years' worth of Tesco financial statements following the revelation the supermarket overstated profits earlier this year.
...clients will call you about this week
Tesco is considering selling a stake of its Tesco Bank division for up to £1bn in order to shore up its balance sheet.
Retailers and miners come under the spotlight as Investment Week counts down the ten scariest stocks of the year so far.