Montag, 22. September 2014

Tesco inquiry into profit forecast

Tesco says it overstated profit forecast by £250m

Tesco says it has overstated it's expected profit for the half year by £250m.

This happened by mistake, but not a bad mistake. Tesco made £250m profit six months earlier than they expected. Early commercial income was the reason as well as not including some costs.

"I expect Tesco to operate with integrity and transparency and we will take decisive action as the results of the investigation become clear," Mr Lewis said.

Tesco would have made £250m profit by 23 August. Now it's expected they have a profit of £1.1bn. by 29 August

This little article is about change. It shows how quicky things can change and by how much. This happends not a lot, but it can happen. Also strategy is important. Their actual strategy was to have have a profit of £250m by 23 August. But they made already so much profit, so their new strategy is to have a profit of £1.1bn. by 29 August.

 

 http://www.bbc.com/news/business-29306444

1 Kommentar:

  1. 3/4 - getting better. The requirements are there (title, picture & labels) though you do not link the article to the syllabus. You do attempt to make links to the 6 key concepts but the explanation of these needs some work.

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