Tesco Chairman to Leave as Accounting Missteps Hit Profit

The video discusses Warren Buffett's regret over his investment in Tesco, which has faced significant financial issues due to overstated profits. Tesco's market value has dropped, and the company is under investigation by the Financial Conduct Authority. Key management changes are occurring, with Richard Broadbent stepping down. Despite these challenges, Berkshire Hathaway remains a major shareholder, and the trading profit has significantly decreased, leading to further financial strain.

What is the current status of Tesco's investigation by the Financial Conduct Authority?

What changes are being made in Tesco's management following the financial issues?