UK 04:06 Monday, 5 October 2026
Breaking news and expert analysis on fast-moving AIM and LSE listed shares
Disclosure: I own shares in one or more of the stocks mentioned. I wrote this article myself, and it expresses my own opinions. I am not receiving compensation for it (other than from ShareProphets). I have no business relationship with any company whose stock is mentioned in this article.
When you make a mistake the right thing to do is either fall on your sword and/or beg for forgiveness. Of course you can try and brazen it out too but I am glad that the Tesco (TSCO) Chairman has maintained a shred of dignity by expressing ‘profound regret’ at the accounting debacle that has enveloped the UK food business of the FTSE 100’s most struggling retailer. Clearing the senior executive and non-executive deck clear looks a radical move but it is the only way to move on.
Already a member? Sign in
• All premium articles
• Tom Winnifrith’s Bearcast
• Access to all the entire nearly 13 year archive
• ShareProphets Daily Newsletter
Cancel any time
This area of the ShareProphets.com site is for independent financial commentary. These blogs are provided by independent authors via a common carrier platform and do not represent the opinions of ShareProphets.com. ShareProphets.com does not monitor, approve, endorse or exert editorial control over these articles and does not therefore accept responsibility for or make any warranties in connection with or recommend that you or any third party rely on such information. The information available at ShareProphets.com is for your general information and use and is not intended to address your particular requirements. In particular, the information does not constitute any form of advice or recommendation by ShareProphets.com and is not intended to be relied upon by users in making (or refraining from making) any investment decisions.
Comments
David Russell
Tesco like all supermarkets will be looking at the Christmas period but they have built so many stores they do not have the customers to fill them but still have the overheads. Every one of them have to many stores in the same area and add on the home delivery, click & collect and the price match you have a business that will lose money. I could be wrong but I would not touch any supermarket shares till after Christmas and then you might have a chance of a winner but to buy at present it to big a gamble.
C H Ingoldby
Selling the one bit of their business which is improving in profitability seems a pretty odd thing to do. I’d have thought that keeping and developing the Asian business would have been a priority. Keep the good stuff….. But I suppose that sort of thinking is why I don’t work in the City.
J P Spaghetti
You’re mad :-) (but I would advise anyone to do the opposite of what I advise re. stocks and shares)!