Former accountant gives evidence at trial of three former directors who are accused of fraud and false accounting in 2014

The sheer scale of supermarket giant Tesco meant the financial picture could change “overnight”, a court has heard.

Nicholas Purnell QC, for the defence, gave the example of March 2014 when the finance team forecast a monthly sales shortfall of £108m versus internal targets for the UK food business – only for that figure to be reduced by £32m some 24 hours later.

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