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| Tesco in crisis but Twitter doesn't care: the most gleeful responses | |
| (about 14 hours later) | |
| Tesco found itself in serious turmoil on Monday after it admitted first-half profits were "over-stated" by £250 million, immediately plunging to the bottom of the FTSE 100. | |
| The supermarket has vowed to investigate how its profit forecast was inflated and said four executives have been asked to step aside while the investigation continues. One of them is thought to be UK managing director, Chris Bush, but Tesco has so far refused to provide details. | The supermarket has vowed to investigate how its profit forecast was inflated and said four executives have been asked to step aside while the investigation continues. One of them is thought to be UK managing director, Chris Bush, but Tesco has so far refused to provide details. |
| The latest episode in the supermarket's annus horribilis has left City analysts "flabbergasted" and increased the pressure on chairman Sir Richard Broadbent- with some calling for his resignation. But Twitter users are taking great pleasure in Tesco's demise, which has seen its share price tumble 40 per cent in the past 12 months: | |
| Tesco call in Fred Goodwin's RBS auditors so I think we can assume Tesco execs will get all clear | Tesco call in Fred Goodwin's RBS auditors so I think we can assume Tesco execs will get all clear |
| In 2012/13, it was horsemeat in the lasagne, now it's horse manure in the financials; #Tesco adulteration of results sees 4 suspensions. | In 2012/13, it was horsemeat in the lasagne, now it's horse manure in the financials; #Tesco adulteration of results sees 4 suspensions. |
| Business News Ad Break: #TESCO #Tescogate pic.twitter.com/4jj80EyPfl | Business News Ad Break: #TESCO #Tescogate pic.twitter.com/4jj80EyPfl |
| Can someone remind me what auditors get paid for? And why nothing happens when they fail? #pwc #tesco | Can someone remind me what auditors get paid for? And why nothing happens when they fail? #pwc #tesco |
| Preparing for a trip to Tesco. Taking three auditors from Price Waterhouse Coopers to help work out all the vouchers #madness | Preparing for a trip to Tesco. Taking three auditors from Price Waterhouse Coopers to help work out all the vouchers #madness |
| In the wake of their £250m "accounting" error, Tesco will amend their slogan to "Every Fiddle Helps" | In the wake of their £250m "accounting" error, Tesco will amend their slogan to "Every Fiddle Helps" |
| HURRY HURRY! Special deal on profit forecasts at Tesco! DOWN £250m to just £850m! While stocks (and shares in the company) last! | HURRY HURRY! Special deal on profit forecasts at Tesco! DOWN £250m to just £850m! While stocks (and shares in the company) last! |
| @Tesco Are you including wrongly marked prices in your projected figures? #Tescogate Does this go from top to bottom? I will find out. | @Tesco Are you including wrongly marked prices in your projected figures? #Tescogate Does this go from top to bottom? I will find out. |
| By the end of this year I'm going to have 80,000 twitter followers.....according to Tesco. #Tesco #Tescogate | By the end of this year I'm going to have 80,000 twitter followers.....according to Tesco. #Tesco #Tescogate |
| Oops - unexpected item in the money-bagging area! #Tescogate #Tesco | Oops - unexpected item in the money-bagging area! #Tescogate #Tesco |
| Bargain of the day ;) #Tescogate #EveryLittleHelps pic.twitter.com/7op0MLlEeX | Bargain of the day ;) #Tescogate #EveryLittleHelps pic.twitter.com/7op0MLlEeX |