Financial Conduct Authority Starts Probe Into Tesco

The transcript discusses the Financial Conduct Authority's investigation into Tesco's profit overstatement and the implications for the company. It highlights the challenges faced by Tesco's new CEO, David Lewis, and the market's reaction to his strategies. The discussion also covers Sainsbury's market position, its expansion plans, and the broader retail trends affecting both companies. The evolving nature of the retail industry and future predictions are also explored.

What challenges are the CEOs of Tesco and Sainsbury's currently facing?

What changes is Sainsbury's making to its store format?