First thing this morning we told you that Tesco overstated its half-year profit forecast by a whopping £250m.
We knew that it was suspending key members of staff, including four senior executives.
Now there are reports that its UK managing director Chris Bush is among the casualties (at time of writing, which is 10:30am).
BBC Five Live radio presenter Adam Parsons tweeted this morning that Tesco has suspended Bush.
Tesco suspends its UK managing director Chris Bush
— Adam Parsons (@AdamParsons1) September 22, 2014
He then tweeted: “Tesco won’t confirm my revelation that Chris Bush has stepped aside. But will confirm that Robin Terrell is now doing his job!”
Tesco won’t confirm my revelation that Chris Bush has stepped aside. But will confirm that Robin Terrell is now doing his job!
— Adam Parsons (@AdamParsons1) September 22, 2014
Bush has indeed been temporarily replaced by Robin Terrell, head of online operations, and other media outlets are also reporting that Bush has been suspended.
So it’s looking pretty likely that Bush has been suspended, though it is not yet confirmed by Tesco.
We’ll update this story as soon as we hear more.
They said NO! So now what for businesses across the UK?
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