BusinessCompany NewsSafeway accounting under microscope

Safeway accounting under microscope

Safeway has moved to defend its accounting policies after it emerged that a City analyst is about to publish a report on the food chain.

Link: Morrisons says no to non-execs

A spokesman of the company told the Independent on Sunday it stood by its accounting procedures even though the report, expected from Cheuvreux, the broking arm of the French bank Credit Agricole, will examine the issue in detail.

Cheuvreux today refused to comment on the reports or say when it was due.

The news comes as Safeway investers continue to consider the bid by Morrisons to take over the company.

Related Articles

BDO replaces Deloitte as Mitie auditor

Audit BDO replaces Deloitte as Mitie auditor

3m Emma Smith, Managing Editor
CVR Global appoints partner in London office

Company News CVR Global appoints partner in London office

7m Alia Shoaib, Reporter
FTSE100 failing to provide adequate ethics information

Company News FTSE100 failing to provide adequate ethics information

7m Alia Shoaib, Reporter
Moore Stephens recruits new private client partner

Accounting Firms Moore Stephens recruits new private client partner

10m Emma Smith, Managing Editor
Magma Group announces merger, partner promotions

Accounting Firms Magma Group announces merger, partner promotions

10m Emma Smith, Managing Editor
BDO on ‘recruitment spree’ with multiple partner appointments

Accounting Firms BDO on ‘recruitment spree’ with multiple partner appointments

10m Emma Smith, Managing Editor
Brand strength leads to fee income growth for RSM

Accounting Firms Brand strength leads to fee income growth for RSM

10m Emma Smith, Managing Editor
Mazars strengthens audit team with partner appointment

Accounting Firms Mazars strengthens audit team with partner appointment

10m Emma Smith, Managing Editor