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BBC (U.K.) 

Tesco probe into £250m profit error

Tesco has suspended four executives, including its UK managing director, after the supermarket overstated its half-year profit guidance by £250m.

EE to take over 58 Phones 4U stores

Mobile phone operator EE is to buy 58 stores from Phones 4U, which fell into administration last week.

Shoe firm boss denies taking money

The chief executive of Chinese footwear firm Ultrasonic has spoken to Chinese media and denied running off with the firm's cash.

Review of energy firms' debt letters

Regulator Ofgem is launching a review of energy firms' communications with customers in debt amid concerns over potentially misleading letters.

Cards declined after Barclays error

Customers of banking giant Barclays had their debit cards refused in stores and online on Monday after a temporary technical problem.

Air France halts budget airline plan

Air France has said it is suspending until December its plan to develop its budget carrier, Transavia, in an effort to end a pilots' strike over the move.

Aldermore plans London flotation

UK bank Aldermore announces that it intends to float on the London Stock Exchange in October.

Balls: Labour has 'learnt from past'

Labour has "learnt from the past" and will not "duck" tough decisions in power, Ed Balls tells the party's annual conference.

Dairy Crest cuts jobs at two sites

Dairy Crest announces it is to close a creamery in Somerset and bottling dairy in London leading to 260 job losses.

Siemens acquires US firm for $7.6bn

Siemens of Germany makes a $7.6bn acquisition of US firm Dresser-Rand to help boost its oil and gas business in North America.

London Market Report

The FTSE 100 falls with shares in Tesco down 7.5% after it announced it overstated its profit guidance by £250m.

Fate of Air France 'at stake' in row

The fate of Air France is "at stake" in a dispute between Air France and its pilots, according to France's Transport Minister.

US calls for EU to 'boost' economy

The US Treasury Secretary urges eurozone countries to "boost demand" in order to reduce unemployment and avoid deflation.

Alibaba shares surge on NY debut

Alibaba's shares closed significantly above their initial price on the New York Stock Exchange on Friday, a sign of the excitement surrounding the Chinese internet giant.

Vodafone saves Phones 4U store jobs

Restructuring at the Phones 4U head office is resulting in 628 redundancies, but 887 jobs in stores will be preserved.

Asia Market Report

Asian markets are lower ahead of Chinese manufacturing data, Softbank shares slide in Tokyo post-Alibaba listing.

'Thousands lie' on motor cover forms

A total of 180,675 fraudulent applications for motor insurance were detected by the industry last year, a trade body says.

Bosses and cash vanish at shoe firm

Chinese footwear firm Ultrasonic has announced the disappearance of its chief executive and chief operating officer, along with most of its cash.

Rents 'rising faster than inflation'

The cost of renting a home in England and Wales rose faster than inflation in the year to August, climbing 2.4%, according to a survey.

Clash over car tax disc changes

Motorist organisation, the RAC, and the DVLA have clashed over the policing of car tax with claims of increased evasion amid changes to the system.

Shares rise in London on 'No' vote

Shares rise in London after Scotland rejects independence, as a rally in the pound fades.

Labour makes £8 minimum wage pledge

The minimum wage would rise to £8 per hour by the end of the next parliament if Labour wins the general election, leader Ed Miliband promises.

Scottish 'No' vote 'relief' for firms

Businesses speak of 'relief' over Scotland's rejection of independence, and banks say they will no longer be shifting operations out of Scotland.

ECB stimulus offer sees low take-up

A European Central Bank measure designed to stimulate the flagging eurozone economy has seen a low initial take-up by banks.

Farming 'the hardest plant to grow'

A group of farmers are hoping to succeed where others have failed: in creating the first commercially viable wasabi growing business in North America.

The PoW who built a $180m business

A profile of Everett Alvarez, the former US Navy pilot, who spent eight and a half years as a prisoner of war in North Vietnam, before a successful career in government and business.

Africa's first education tablet

Ivorian Coast entrepreneur Thierry N'Doufou talks about how he developed a tablet computer which he wants to be used by all school children in the country.

Radisson halts Vikings sponsorship

Hotel chain Radisson suspends its sponsorship of NFL team Minnesota Vikings after one of their players was charged with child abuse.

US firm assessing offer for Tottenham

US private investment company Cain Hoy Enterprises confirms it is considering a takeover offer for English Premier League club Tottenham Hotspur.

Man United predicts fall in profit

Manchester United predicts profit and revenue to fall as a result of its failure to qualify for Champions League.


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