Carl Rogberg, the former UK finance director of Tesco, has been acquitted of charges related to the supermarket chain overstating its profits in 2014.
He is the last of three former directors who had been charged to be acquitted. In 2017 Tesco agreed to pay £235m to settle investigations by the Serious Fraud Office (SFO) and Financial Conduct Authority (FCA) into the issue.
Last month, a judge, Sir John Royce dismissed cases against Chris Bush and John Scouler, saying “in certain crucial areas the prosecution case was so weak it should not be left for a jury’s consideration”.
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Fears are growing internationally that a no-deal Brexit poses a threat to the stability of the global economy, CBI director-general Carolyn Fairbairn has warned.
Fairbairn said the failure to sort out Britain’s departure from the European Union was damaging Britain’s brand abroad and had joined a list of systemic risks to the world economy.
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John Varley, the former chief executive of Barclays and three of his senior colleagues lied to the market in official documents detailing two emergency fundraisings in 2008 that enabled the bank to avoid a UK taxpayer bailout, a jury has heard.
Yesterday Varley became the first chief executive of a major bank to sit in the dock to face a jury trial over actions taken during the financial crisis.
