Britain's accounting watchdog said on Monday it had launched an inquiry into PwC over its auditing of Tesco's accounts.» Read More
U.K. supermarket chain Sainsbury's reported a drop in sales in the final quarter of 2013, ending the group's nine straight years of positive sales.
The full extent of the problems facing the U.K.'s "big four" supermarket chains was underlined on Thursday, with a profit warning by WM Morrison.
Britain's fourth biggest grocer Wm Morrison posted its lowest profit in five years, slashed expectations going forward and said it plans to sell off one billion pounds ($1.66 billion) of its 9 billion pound property portfolio.
Over 2,000 customers of Tesco - the U.K.'s biggest supermarket - have had their personal details posted online after a data breach at the company.
Shares in Sainsbury's dropped on Wednesday, as the U.K. supermarket chain announced that its CEO Justin King has decided to step down after 10 years at the company.
India's monetary policy aims to tackle the inflation that pushes up credit costs and stifles investment, but these changes come with risks.
European equities closed lower on Monday after data showed that growth in China continued to slow.
British retail sales came in way above expectations in December, official data showed, posting the largest annual rise since 2004.
Retail stocks in the U.K. have seen a spike in short-selling since the start of the year, according to financial research firm Markit.
Carrefour said sales in austerity-hit Spain returned to growth in the fourth quarter for the first time since 2008.
Major employers plan to recruit around 1,200 extra U.K. graduates this year, sending recruitment to a seven-year high, according to a report.
British retailers suffered a sales drop over the festive period, the latest in a long line of disappointing results for the sector.
European equities closed lower on Tuesday as investors looked ahead to the U.S. Federal Reserve's last policy meeting of the year.
European equities closed lower after U.S. jobs data increased concerns that the Federal Reserve would "taper" its bond-buying program soon.
Supermarket Tesco reported a sharp drop in third-quarter like-for-like sales on Wednesday, as the retailer struggles to woo cash-strapped consumers ahead of the key Christmas trading period.
European equities closed lower as Spanish shares sunk on disappointing data, while retailers struggled on the first day of December trade.
Tesco recalled an ice cream product after pain relief tablets were found in two of its own-brand chocolate and nut cones.
Sainsbury's reported half-year underlying pre-tax profit of £400 million on Wednesday, versus £374 million a year ago.
European shares closed higher following the latest U.S. jobs report.
U.S. stock index futures tread water on Tuesday, ahead of the publication of the government's delayed non-farm payrolls data for September.