Tesco shares slump on profits error
Tesco shares close 6.5% down after the retailer announced that profits were overstated by £263m, £13m more than the original estimate. BBC News – Business
Tesco shares close 6.5% down after the retailer announced that profits were overstated by £263m, £13m more than the original estimate. BBC News – Business
Home Retail Group says that store closures at Homebase will be accelerated, with the number of outlets cut by 25% by 2019. BBC News – Business
Christophe de Margerie, chief executive of French oil company Total, has died in a Moscow air crash, a Vnukovo airport official confirms. BBC News – Business
Tens of thousands of people march in London, Glasgow and Belfast, calling for pay increases and an end to austerity measures. BBC News – Business
Global stock markets stage a partial recovery after a week of precipitous falls and volatility. BBC News – Business
Share prices in the US and across Europe fall amid fears of a global economic slowdown and the impact of the Ebola crisis. BBC News – Business