On 26 Jan 2016 at 6:11pm Celine wrote:
I always thought they were a dreadful company but today's news really confirms it. I wonder how many businesses have teetered on the edge of bankruptcy due to their payment, or rather lack of payment, regime.
On 26 Jan 2016 at 6:51pm Jack Cohen wrote:
All companies do it. It is a very common practice known as "business".
On 26 Jan 2016 at 7:02pm SHS wrote:
It's an odd British thing, criticising any company that does well by attracting lots of customers, employing lots of staff and between them all paying lots of tax.
On 26 Jan 2016 at 7:57pm Manny Goldberg wrote:
Remind me not to do business with you, Jack.
On 26 Jan 2016 at 8:08pm against the delusional wrote:
Celine your absolutely right just another in a long line of Tesco's dirty practice's, if it was business it is not very good business, just look how much of their share value and customer base they have lost through such practice's. In fact it far more to with the fantasist recovery that isn't going on much like Chrysler Fiat trying to bribe their main dealers to report car sale's that never happened or the American government using the U3 instead of the U6 to pretend that the jobs market had recovered ( much like our zero hour contracts con) employment gains are overstated by falls in the participation rate; employment as a percentage of the population has not recovered. This tactic, apart from doing untold damage to the real hero's that bring food to our plates, is just a con to overstate profits for share value and many large companies have been caught doing this in one form or another since the recession started overstating profits, understating loses, laying off staff to include former salaries in profit reports, moving sales from one month's balance sheet to the next to appear to be increasing trade. In the word's of the top economic advisor Mohamed El-Erian "the world economy is at the end of the era of borrowing growth and profits from the future". The whole thing is just part of the tissue of lies Companies.s like Tesco's and governments like David Cameron's have spun to prop up the ailing economy rather than tell the truth and let the market's value represent the fundamentals and not the fantasy figure's they present to give the impression that they no what they are doing. And shs Tesco is a prime example of an aggressive tax avoiding company who's tax liability gets added to every other form of taxation you pay.
On 26 Jan 2016 at 8:15pm Belladonna wrote:
Thank you - that's the first time I've seen that quote, but makes so much sense if the economic pit we find ourselves in.
'the world economy is at the end of the era of borrowing growth and profits from the future'
No doubt PN will be on here in a minute to tell us exactly why we need to continue with Osbornes appalling 5-year plan... (Weren't they invented by the Soviet Union?)
On 26 Jan 2016 at 8:33pm Dexter wrote:
Yup, treating suppliers like dirt is an acceptable business practice in the UK. Add this to the zero hours contracts and poor pay many of their staff put up with, as well as the overpriced rubbish they have been peddling we have all began to see a pretty unpleasant picture of Tesco as a company. Regarding their accounts, as far as I can see there was a massive fraud, Tesco shareholders being hit hard and the company have absolutely no idea how to win customers and their trust back.
I wait to see the instigators of this fraud and the compliant PwC being held to account. Like the thieves who run the banks, we all know there is no chance of any action against these criminals. It wont stop the deluded apologists like the two buffoons above chipping in with some reactionary rubbish. They probably thought the recent Nationalisation of the Banks was a good thing. Champagne all round!
On 26 Jan 2016 at 8:44pm Celine wrote:
Wasn't it Price Waterhouse who signed off the Mirror Group accounts not long before the pension fiasco there? I have no problem with capitalism if it is ethical but it now seems to be a complete joke and rip off.
On 26 Jan 2016 at 9:07pm A T D wrote:
Off the back of Tesco's "very common practice known as business" they are now being sued by their investors for overstating profits. You can only cheat your customers and shareholder's for so long, Google and Apple are just finding this out as well
On 26 Jan 2016 at 9:17pm A D T wrote:
" Potentially" potentially sued by their shareholders sometimes i should read and article before I comment
On 26 Jan 2016 at 11:08pm Jack Cohen wrote:
So do you criticising buffoons think that anything will change even if Tesco is found guilty of fraud?
No, of course it won't.k
People will still shop there.
Lewes Tesco was packed today and long may that continue.
On 27 Jan 2016 at 6:39am Ghost of Maggie wrote:
Just rejoice and be thankful that you are reaping what I sowed.
On 27 Jan 2016 at 7:50am Dexter wrote:
Erm, yes Jack, I do and it already has. The sad fact for Tesco shareholders is that so many customers have already voted with their feet Tesco's own figures confirm that. Try doing some reading of facts before spouting nonsence.
On 27 Jan 2016 at 10:19am A D T wrote:
Dexter is right jack, you sound like a politician you, cant just keep saying something because you want it to be the case and it will be the case those days are gone. Crooked business methodology is on the way out look how many hedge funds have closed/are closing citing the lack of credible (HONEST) data as their reason for getting out of the game. The people who are still using Tesco's are doing so because they either do not know or do not care about its nasty business practices either way they are no longer in the majority. Businesses (those that wish to survive) are cleaning up their act look at Addidas walking away form the IAAF last week because they do not want to be associated with crooks like Sebastian Coe.
On 27 Jan 2016 at 12:10pm Ali wrote:
With Aldi, Waitrose (who often have very good reductions) and the fruit and veg stall in the precint on Fridays who needs Tescos.
On 28 Jan 2016 at 3:53am for crying out loud wrote:
Well this is all rather rum news, does that mean the Cohens will take a hit on their dividends?
Tory donors should be allowed a degree of immunity from the slings and arrows of O.F. Yes, I know what some of you are thinking; “wasn’t it enough that Dame Shirley Porter was allowed to mock the British Justice system by cynically avoiding paying her £26m fine for election fraud enough?”
Well frankly, No, I don’t think so, there’s plenty of room for the nation to show a bit more gratitude to these stalwarts of the establishment, these bulwarks who have done as much as anybody could to stem the relentless onslaught of social mobility.
Maybe the mugs who pay taxes could be made to make up the shortfall for them? Alternatively, we don’t really need to educate the plebs, we could drop school leaving age to 12, sack half the teachers and give the schools over to Countryside Properties for development, and donate the savings?
(Note to self, check if Gideon’s thought of this one at the next Bullingdon O.B.’s reunion.)
On 28 Jan 2016 at 2:38pm Stalwart and bulwark wrote:
Hear hear fcol. Well said old chap.
On 8 Dec 2018 at 4:42pm Justin Colon wrote:
Tesco is just as acceptable as other supermarkets.
Check it out here »