Bad News at Tesco Could Be Good News for Investors
The U.K. supermarket chain’s recent accounting error is just the latest in a parade of bad news for a company whose prospects are actually bright.
Vitaliy Katsenelson
October 23, 2014
A Clubcard rewards card sits attached to keys on a shopping cart outside a Tesco Extra supermarket store, operated by Tesco Plc, in this arranged photograph taken in the Surrey Quays district of London, U.K., on Thursday, Sept. 25, 2014. Tesco may be reduced by more than one credit level, taking it into speculative grade, if the findings of a probe into the accounting errors prompt the ratings company to lower its assessment of Tesco's management and governance to "weak," Standard & Poor's said yesterday. Photographer: Matthew Lloyd/Bloomberg
Matthew Lloyd/Bloomberg
