Tesco accounting black hole to be less than originally stated

LONDON: The world's third largest retailer, Tesco, will state this week that it overestimated earnings by less than the 250 million pounds which it previously announced, Sky news reported , citing an unnamed banking source.

Sky said on its website on Saturday that when the firm reports its delayed first-half results next Thursday, the gap would fall "somewhere close to the middle" between 200 million and 250 million pounds ($322 million and $402 million).