BUSINESS LIVE: Car dealer Lookers warns of suspected fraud; Tesco accounting probe ends

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BUSINESS LIVE: Car dealer Lookers warns of suspected fraud; Tesco accounting probe ends; Spread-betting firm Plus 500 reports spike in customers

By This Is Money

Published: | Updated:

Car dealership Lookers has warned it might have to suspend its shares after the business discovered a potential fraud in its accounts.  

The Financial Reporting Council has ended a five-year investigation into a major accounting scandal at Tesco, more than a year after a trial of two former executives failed.

The watchdog had been probing a £250 million overstatement of Tesco’s profit that was announced in September 2014. 

Spread-betting site Plus 500 has reported a spike in customer numbers but warned profits would be lower than expected.

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