Tesco share price slides a further 5 per cent despite early start of finance boss Alan Stewart

 
Lynsey Barber
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Tesco shares slide further (Source: Getty)

Shares in Tesco slipped a further five per cent this morning as the supermarket continued to feel the fallout from serious accounting errors uncovered yesterday.

Investors failed to be reassured by news that new finance chief Alan Stewart has been parachuted in two months early from his garden leave at M&S to steady the ship.

Shares slipped as low as 195p per share this morning after closing down 11 per cent at 203p per share yesterday.

Tesco's share price fell below the 200p mark for only the third time in the last decade.

Today’s front pages will be an unwelcome sight at Dave Lewis’ breakfast table this morning, as many newspapers splashed with the story.




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