Something rotten in the state of Tesco's

[Scoular1]

Apparent £200,000,000 overstatement of profits.Shareholders incandescent.Expect all projects to be put on hold.

[___Whatever___]

I see that have also built a store that will never open.

Wonder if this impacts the stadium plans.

[Southerndown]

Also they had no chili puree when I popped in earlier, b@astards!

[pompey_smell]

Sadly, any deal will now almost certainly be off.

[Scoular1]

Eric Pickles gives go ahead for the store.
Pompey get 7 figure sum

Work to start 1st November...but will it

[lovedeanblue]

I'm sure the recently appointed Tesco CEO (Dave Lewis) will be pouring over all aspects of the business including this and other proposed stores elsewhere. We will have to be patient and just wait and see.

[lovedeanblue]

Assurances have been made that Tesco will not be pulling out of building a new superstore at Fratton Park – despite the company’s recent problems.

Point Estates, which hopes to build the store behind the Fratton end at Pompey, says the retail giant is still committed to the plans.

Fears have been raised that the Tesco could pull out in light of the fiasco surrounding the company’s £250m overstatement of its profits for the six months up to August.

But Stuart Robinson, head of Point Estates, said any rumours suggesting the company was backing out are completely false.

‘Tesco is still committed,’ he said.

‘Portsmouth is a big city to be in and the company wants to be here.

‘Tesco has signed up to this scheme and it will happen.

‘We got the company to commit to it.’

As reported, building work on the superstore, which is expected to create 300 jobs and create an annual turnover of £55.71m, will begin on November 1.

Communities secretary Eric Pickles rubber-stamped the development

[Scoular1]

Tesco spokesman said: ‘We’re pleased that permission has been granted and will keep the community updated on our plans.’

mmm

[pompeygun]

Tesco's aren't building it though. Something to do with Robinson is building it & Tesco's will be leasing it.

[betalucky]

Personally I wont believe it until I see Iain McInnes sitting in a JCB with a construction helmet on.