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Tesco PLC (TSCO.L)

TSCO.L on London Stock Exchange

190.25GBp
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191.20
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Tue, Mar 28 2017

Tesco to pay $269 mln to settle false accounting charges

By James Davey Britain's biggest retailer Tesco has agreed to pay 214 million pounds ($269 million) in fines and compensation for investors to settle a probe over a 2014 accounting fraud that sparked the biggest crisis in its near 100-year history.

Tesco boss defends Booker deal, says many investors on board

LONDON Tesco , Britain's biggest retailer, remains committed to its agreed 3.7 billion pound ($4.7 billion) takeover of wholesaler Booker despite opposition from some big shareholders, its boss said on Tuesday.

UPDATE 1-Tesco boss defends Booker deal, says many investors on board

* Shares up 0.7 pct (Adds investor, analyst comment, updates shares)

Tesco to pay $269 million to settle false accounting charges

LONDON Britain's biggest retailer Tesco has agreed to pay 214 million pounds ($269 million) in fines and compensation for investors to settle a probe over a 2014 accounting fraud that sparked the biggest crisis in its near 100-year history. | Video

Tesco boss defends Booker deal, says many investors on board

LONDON, March 28 Tesco, Britain's biggest retailer, remains committed to its agreed 3.7 billion pound ($4.7 billion) takeover of wholesaler Booker despite opposition from some big shareholders, its boss said on Tuesday.

UPDATE 3-Tesco to pay $269 mln to settle false accounting charges

* Also faces pressure over Booker deal (Adds detail, background, CEO, analyst comment)

BRIEF-Tesco CEO "completely committed" to Booker deal

* Tesco CEO says company will defend two civil litigations over accounting scandal

European shares set to open higher, Tesco shareholders oppose Booker deal - For more see the European equities LiveMarkets blog

LONDON, March 28 Live coverage of European markets now available on cpurl://apps.cp./cms/?pageId=livemarkets

Big Tesco shareholders oppose $4.7 billion Booker deal

LONDON Two of Tesco's biggest shareholders have called on the supermarket group to withdraw its 3.7 billion pound ($4.7 billion) agreed offer for wholesaler Booker , potentially casting doubt on the deal's progress.

UPDATE 2-Big Tesco shareholders oppose $4.7 bln Booker deal

* Tesco says majority of top 10 investors have raised holding (Adds Tesco response)

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