It appears "every little helps" could'nt be more true. If this is the case, what effects will this have on the company?
Supermarket chain Tesco is facing a damages claim for more than £100m from investors who say they lost money because of accounting irregularities by the company. The claim involves about 125 institutional funds, says Bentham Europe, the firm funding it. It stems from a statement by Tesco in September 2014 that its profits had been overstated by £263m. That was later revised upwards to £326m when Tesco included previous accounts. Auditors found that the inflated profit figure was the result of Tesco booking payments from suppliers before the money was due. Bentham Europe said the legal action would seek to prove that Tesco had misled investors and breached the Financial Services and Markets Act.