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UPDATE 2-Tesco rapped for mistreating suppliers to boost profits

LONDON, Jan 26- Britain's biggest supermarket group Tesco propped up its finances by short-changing suppliers when it began lagging rivals, the country's grocery watchdog ruled on Tuesday. Tesco Chief Executive Dave Lewis, who succeeded Phil Clarke as CEO weeks before the accounting scandal broke, said it had completely changed the way it dealt with...
Source: Reuters | By: James Davey and Paul Sandle
UPDATE 1-Tesco 'seriously breached' industry code, watchdog says

LONDON, Jan 26- Tesco, Britain's biggest supermarket group, "seriously breached" a legally binding code to protect suppliers in order to prop up its own finances as it battled an industry slowdown, the country's grocery watchdog ruled on Tuesday. The Groceries Code Adjudicator, Christine Tacon, launched an investigation into Tesco last February in the wake of the...
Source: Reuters | By: James Davey and Paul Sandle
BRIEF-Tesco accepts grocery report, says has made material changes

BRIEF-TESCO ACCEPTS GROCERY REPORT, SAYS HAS MADE MATERIAL. *Says accepts findings of GCA report, commits to continue to build trusted partnerships with suppliersr. *Says have made material changes to our business that addressed the majority of the historic practices.
Source: Reuters