Sir: To claim this is a victimless crime and that £250m of “smoothing” is OK or normal is entirely missing the point (‘Tesco’s Cheshunt Four have been treated appallingly by the media,’ leader, The Grocer, 27 September).
Tesco is a publicly traded company, and investors (some of which are our pension funds) base their share purchase decisions and dividend expectations based on the information provided by the company.
Everyone who bought shares the day before this revelation based on misrepresented trading data will rightly feel aggrieved. It may have cost some millions of pounds.
Whilst I cannot condone the hounding by the press, let’s be clear: people will need to be held to account.
James Stutger, via thegrocer.co.uk