FabSwingers.com forum: Tesco

By (user no longer on site) OP
over a year ago

Another corporation ripping people off. Insider or not, are they not milking enough people?

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By *bi HaiveMan
Forum Mod
over a year ago

Cheeseville, Somerset

I thought their milk came mostly from cows - like the other supermarkets?

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By *horltzMan
over a year ago

heysham

Big bag of maltezers for a quid though ! Nom nom

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By *ilver_medallistMan
over a year ago

Milton Keynes

They are in trouble now lol

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By (user no longer on site) OP
over a year ago

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By (user no longer on site)
over a year ago

Don't think it's a rip off as such just some false accountancy to make it seem as though they were doing better than they were.

I may be wrong though.

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By (user no longer on site) OP
over a year ago

"Don't think it's a rip off as such just some false accountancy to make it seem as though they were doing better than they were.

I may be wrong though."

Lots of innocent people have lost a lot of money (share value) because some people got greedy.

I'd boycott them but I fail at boycotting. I boycotted Starbucks and went to Costa only to find out they were doing the same thing. Went back to Starbucks.... Those Fraps though...

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By *asmanian TigerMan
over a year ago

lala land

"Don't think it's a rip off as such just some false accountancy to make it seem as though they were doing better than they were.

I may be wrong though."

You are spot on!!

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By (user no longer on site)
over a year ago

[Removed by poster at 22/09/14 18:58:01]

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By (user no longer on site)
over a year ago

I don't want to be milked by Tescos, no matter how many points they offered

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By (user no longer on site)
over a year ago

Fair point but those shares value were based on the false profit figures they are now worth their correct value, give it a few months and they will shoot up again because of the c word.

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By *bi HaiveMan
Forum Mod
over a year ago

Cheeseville, Somerset

"Fair point but those shares value were based on the false profit figures they are now worth their correct value, give it a few months and they will shoot up again because of the c word."

The Tesco's Clique????

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By (user no longer on site)
over a year ago

Nasty Tescos ripping off those innocent hedgedund managers

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By *inaTitzTV/TS
over a year ago

Titz Towers, North Notts

I'd be happy paying a bit extra to ensure the producers get a square deal. Tesco (and others) are well known for buying milk from dairy farmers at less than production cost. Private Eye has reported on it passim

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By (user no longer on site)
over a year ago

"Fair point but those shares value were based on the false profit figures they are now worth their correct value, give it a few months and they will shoot up again because of the c word.

The Tesco's Clique????

Haha

no the other once a year celebration or some blokes birthday and some winter celebration.

I can't bring myself to say it,

I would never live it down.

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By (user no longer on site)
over a year ago

"I'd be happy paying a bit extra to ensure the producers get a square deal. Tesco (and others) are well known for buying milk from dairy farmers at less than production cost. Private Eye has reported on it passim

Agreed with you there

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By *bi HaiveMan
Forum Mod
over a year ago

Cheeseville, Somerset

"Fair point but those shares value were based on the false profit figures they are now worth their correct value, give it a few months and they will shoot up again because of the c word.

The Tesco's Clique????

Haha

no the other once a year celebration or some blokes birthday and some winter celebration.

I can't bring myself to say it,

I would never live it down."

Xmas!

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By *eavenNhellCouple
over a year ago

carrbrook stalybridge

"Don't think it's a rip off as such just some false accountancy to make it seem as though they were doing better than they were.

I may be wrong though.

Lots of innocent people have lost a lot of money (share value) because some people got greedy.

I'd boycott them but I fail at boycotting. I boycotted Starbucks and went to Costa only to find out they were doing the same thing. Went back to Starbucks.... Those Fraps though..."
dont buy your goods there just buy your fuel ( and take the clubcard points ) they would in effect make a loss on the fuel they sell you as its sold as a loss leader to get you into the store to but there goods .

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By (user no longer on site)
over a year ago

"Fair point but those shares value were based on the false profit figures they are now worth their correct value, give it a few months and they will shoot up again because of the c word.

The Tesco's Clique????

Haha

no the other once a year celebration or some blokes birthday and some winter celebration.

I can't bring myself to say it,

I would never live it down.

Xmas!

Your a braver person than me

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By (user no longer on site)
over a year ago

"Don't think it's a rip off as such just some false accountancy to make it seem as though they were doing better than they were.

I may be wrong though.

Lots of innocent people have lost a lot of money (share value) because some people got greedy.

I'd boycott them but I fail at boycotting. I boycotted Starbucks and went to Costa only to find out they were doing the same thing. Went back to Starbucks.... Those Fraps though...dont buy your goods there just buy your fuel ( and take the clubcard points ) they would in effect make a loss on the fuel they sell you as its sold as a loss leader to get you into the store to but there goods ."
how is it a loss leader when it is a penny or two more than the other outlets around?

It is a long time since the supermarkets have used fuel as a loss leader.

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By *bi HaiveMan
Forum Mod
over a year ago

Cheeseville, Somerset

"Fair point but those shares value were based on the false profit figures they are now worth their correct value, give it a few months and they will shoot up again because of the c word.

The Tesco's Clique????

Haha

no the other once a year celebration or some blokes birthday and some winter celebration.

I can't bring myself to say it,

I would never live it down.

Xmas!

Your a braver person than me

Hey - I didn't use the 'c' word!

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By (user no longer on site)
over a year ago

"Fair point but those shares value were based on the false profit figures they are now worth their correct value, give it a few months and they will shoot up again because of the c word.

The Tesco's Clique????

Haha

no the other once a year celebration or some blokes birthday and some winter celebration.

I can't bring myself to say it,

I would never live it down.

Xmas!

Your a braver person than me

Hey - I didn't use the 'c' word!

Ok a cleverer person than me

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By (user no longer on site)
over a year ago

"Fair point but those shares value were based on the false profit figures they are now worth their correct value, give it a few months and they will shoot up again because of the c word.

The Tesco's Clique????

Haha

no the other once a year celebration or some blokes birthday and some winter celebration.

I can't bring myself to say it,

I would never live it down.

Xmas!

A"
BLasphemy lol

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By (user no longer on site)
over a year ago

Why do people say "rip off."

Do you think they are a charity?

Tesco is a company. It aims to make a profit.

If you do not like what it offers at its price, shop elsewhere.

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By *B9 QueenWoman
over a year ago

Over the rainbow, under the bridge

I won't shop in Tesco if I can avoid it - they have destroyed local shopping in my area by opening 3 huge supermarkets and several Tesco Expresses.

And I won't shop in Asda as they are owned by WalMart who have the most appalling work practices and treat their employees very badly.

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By (user no longer on site)
over a year ago

I'm just grateful that it's brought the Head of Food Sourcing, Matt Simister, and the UK Finance Director, Carl Rogberg, to my attention.

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By *illwill69uMan
over a year ago

moston

"Another corporation ripping people off. Insider or not, are they not milking enough people? "

What? Never!

Are you telling us that another company that has a board made up of bankers has been cooking the books...

I cant believe it, bankers are such altruistic and trustworthy people.

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By (user no longer on site)
over a year ago

I'm so lucky that I have a great greengrocers nearby and a brand new Costco up the road

The tescos nearby are unbelievably shite

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By (user no longer on site)
over a year ago

"I'm so lucky that I have a great greengrocers nearby and a brand new Costco up the road

The tescos nearby are unbelievably shite"
we need more poundsavers,

and the like around all ours are in derby, just of late in the big store,s

There has,nt been much buy 1 get 1 free

Around.

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By (user no longer on site)
over a year ago

Apart from the local market stalls which are the best value for fruit and veg, tesco comes close to matching that price so I'm happy with them.

Plus they're generous with the vouchers so I can't complain too much.

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By *B9 QueenWoman
over a year ago

Over the rainbow, under the bridge

"Apart from the local market stalls which are the best value for fruit and veg, tesco comes close to matching that price so I'm happy with them.

Plus they're generous with the vouchers so I can't complain too much. "

Since I changed to Aldi, I've saved an average of £30-40 a week. That's a hell of a lot over a year.

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By (user no longer on site)
over a year ago

Tesco's quality is so bad, coming from a design background their packaging, colours, brand look speak volumes to me and i hate evruthing about it. I get groceries from different places, but I will always skip tesco everything seems dirty.

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By *ouple in LancashireCouple
over a year ago

in Lancashire

"I won't shop in Tesco if I can avoid it - they have destroyed local shopping in my area by opening 3 huge supermarkets and several Tesco Expresses.

And I won't shop in Asda as they are owned by WalMart who have the most appalling work practices and treat their employees very badly."

totally with you on Asda for the same reason, shocking company..

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By (user no longer on site)
over a year ago

"Apart from the local market stalls which are the best value for fruit and veg, tesco comes close to matching that price so I'm happy with them.

Plus they're generous with the vouchers so I can't complain too much.

Since I changed to Aldi, I've saved an average of £30-40 a week. That's a hell of a lot over a year. "

On a family trip in Dorset we shopped at the local Aldi supermarket and was pleasantly surprised with the low cost of everyday items.

The local Aldi where I love is closer to be than the tesco superstore but I always skip past it. Might rethink my shopping habits sooner or later if they do good deals on healthy food.

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By *icketysplitsWoman
over a year ago

Way over Yonder, that's where I'm bound

Dave Lewis has a bigger job on his hands than he thought he would have.

He's addressing the past practice, suspended people and investigating. That's better than some companies.

I don't use Tesco unless there is nowhere else around.

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By *UNCHBOXMan
over a year ago

folkestone

Why was this picked up by a member of staff and not the auditors who are employed to pick up on these sorts of things?

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By *B9 QueenWoman
over a year ago

Over the rainbow, under the bridge

"Apart from the local market stalls which are the best value for fruit and veg, tesco comes close to matching that price so I'm happy with them.

Plus they're generous with the vouchers so I can't complain too much.

Since I changed to Aldi, I've saved an average of £30-40 a week. That's a hell of a lot over a year.

On a family trip in Dorset we shopped at the local Aldi supermarket and was pleasantly surprised with the low cost of everyday items.

The local Aldi where I love is closer to be than the tesco superstore but I always skip past it. Might rethink my shopping habits sooner or later if they do good deals on healthy food. "

I eat very healthily. There's not the range of choice but sometimes too much choice is overwhelming. Who really needs a whole aisle of beans?

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By (user no longer on site)
over a year ago

The news article i read stated that it was Tesco's own *projection* of expected half year profits that they "overstated" to the tune of 25%. Some £1.25bn rather than a £bn so that the share price was higher than it should have been.

Auditors probably wouldn't be involved in internal projections, their role is to *verify" the accuracy/compliance* of published actual accounts in arrears.

Would be interesting if criminal charges were brought against those Directors responsible.

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By (user no longer on site)
over a year ago

[Removed by poster at 22/09/14 23:37:36]

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By (user no longer on site)
over a year ago

Auditors probably wouldn't be involved in internal projections, their role is to *verify" the accuracy/compliance* of published actual accounts in arrears.

Would be interesting if criminal charges were brought against those Directors responsible."

They have to get to the bottom of it but if there is enough evidence to point the finger I would think proceedings will follow.

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