U.K. retail sales fell more than expected in September when compared with the previous month as warm weather hit clothing and shoe sales.
Europe's "somewhat concerning" weakening economy is pushing Norsk Hyrdo to focus on the U.S. and China, the company's CFO told CNBC.
Facebook paid almost no U.K. corporation tax for the second year in a row, even though revenues rose at the British arm.
European leaders aim to agree a new decade of energy policy to cut climate-warming gas emissions out to 2030 at an EU summit.
Get the best of CNBC in your inbox
Noel Tagoe, executive director at the Chartered Institute of Management Accountants (CIMA), says what happened at Tesco was an "easy" mistake, as it used historical data to overestimate volumes, which had been falling.
European shares closed higher on Thursday tracking a rally in the U.S., as better-than-expected economic data helped ease fears over lackluster corporate earnings.
CEO of Kingfisher says Tesco is still a very important company for the UK and it can be turned around.