Tesco's deferred prosecution agreement gets approved

Tesco said on Monday that the deferred prosecution agreement over false accounting between February and September 2014 entered into by its subsidiary, Tesco Stores Limited, has been approved by a court.

The agreement has been approved by high court Judge Brian Leveson and as detailed on 28 March, Tesco will pay a £129m fine to the SFO in exchange for not being prosecuted. This will now conclude the SFO's investigation.

The agreement only related to the potential criminal liability of Tesco Stores Limited and no other person, the company said.

Tesco is due to report its full-year results on Wednesday.

At 1545 BST, the shares were up 2.5% to 194.46p.