BusinessCompany NewsSafeway considers complaint over accounts report

Safeway considers complaint over accounts report

Safeway is reported this morning to be considering a formal complaint over an analyst's report that addresses its accounting policies.

Link: Safeway accounting under microscope

The move comes after a story appeared in the Independent on Sunday revealing that a Cheuvreux, the stockbroking arm of French bank Credit Agricole, has prepared a detailed report on Safeway’s accounting.

Safeway is said to be concerned that the report contains information that could only have been leaked by one of the five bidders for the supermarket chain.

The company is now to take its complaint to the Take Over Panel, according to the FT.

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