TESCO FACES COURT INJUNCTION

Tesco has been faced with a whole host of problems since announcing its entrance to the United States. Health First, an environmental organization, has applied for a court injunction to stop Tesco from building a warehouse to supply its new stores in the U.S. The group is apparently concerned about the toll the warehouse would take on the environment once built.

Remco Waller, chief financial officer of Tesco's U.S. operations, said in a court statement filed this week, that under a "best case scenario with the construction crews remaining in place, the loss to Tesco would be $39.6m."

Luckily for Tesco, the plot of land where the company plans to build is owned by the March Joint Powers Authority, who approved the construction. The court is expected to rule on the request for an injunction next week.