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U.K. markets news

Financial black hole at Tesco bigger than thought and stretches back for at least ...
The financial black hole at Tesco is bigger than thought and stretches back for at least two years. A month-long probe by forensic accountants from Deloitte yesterday revealed the profits shortfall is �263m, rather than the �250m Tesco originally admitted.
Tesco admits overstating profits for longer  Financial Times
Dave Lewis's shopping list: Blueprint for a Tesco turnaround plan  CITY A.M.
Reuters   Related articles »  
Firms report fall in export orders
The eurozone's continued economic stagnation and the crisis in Ukraine have been blamed for the decline in export orders, alongside the impact of the stronger pound.
UK Exports: Manufacturers Expecting Lowest Orders For One Year  International Business Times UK
UK exports decline may undermine manufacturing growth, warns CBI  Market Business News
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Spirit Pub Company rebuffs offer from C & C Group
A statement from the Staffordshire-based business said C & C, makers of the cider brands Bulmers and Magners and Tennent's beer, had made a preliminary approach regarding a possible offer.
Spirit Pub rejects bid from Irish cider maker C&C  Daily Mail
Spirit Pub bars Magners owner shock move to gatecrash Greene King's takeover  The Guardian
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Cuadrilla fracking plans suffer further delay
Cuadrilla's plans to frack for shale gas in Lancashire have suffered further delay after council planners requested an extra two months to consider its proposals.
'More time' needed for fracking bid on the Fylde  BBC News
Council planners delay Cuadrilla's application for Lancashire fracking sites  The Guardian
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Serious Fraud Office to seek extra �26.5m funding
The SFO is paying �6m compensation to Vincent Tchenguiz after a botched raid in a now collapsed investigation relating to the 2008 banking crisis.
Libor and FX Fixing: SFO Asks Government for �26.5m to Fund Complex ...  International Business Times UK
Serious Fraud Office asks for 'blockbuster funding' to help pay for ...  Telegraph.co.uk
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Fly from London to Boston or Washington DC for just �99
The East Coast of the US is just a short hop across the pond but high air fares often keep many UK passengers closer to home. However, Icelandic airline WOW air has launched �99 flights from London to Boston and Washington DC.
Want To Fly From London To Washington DC For Just �99?  The Gay UK
BWI adds service to Iceland  CapitalGazette.com
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Foxtons shares plunge 20% as London property market slows
Foxtons is infamous in the capital for its brash sales tactics and a liveried fleet of Mini Coopers. Photograph: Alamy. Sean Farrell.
Foxtons warns on profit as London housing market cools  Reuters
UK House Prices: Foxtons Shares Crash 14% on Slow London Property Sales  International Business Times UK
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Debenhams tweaks delivery options in time for festive season
Debenhams has announced a 24% drop in profit for its full year of trading, but its multichannel development continues - including a new range of delivery options in time for Christmas.
Debenhams will not resort to knee-jerk discounting this Christmas, insists Sharp  Retail Week
Debenhams Reduces Discounting Ahead of Christmas Season  Bloomberg
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Canary Wharf gets its own Internet of Things
Canary Wharf Group (CWG) is investing �300,000 in six start-ups for a new accelerator programme as it looks to make the financial district's infrastructure more intelligent.
Societe Generale to move in to new Canary Wharf office building  Offices.org.uk
SocGen turns its back on the Tower  GlobalCapital
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Supermarket trick: 'I save �1000 a year - and don't even buy basic'
Tesco's woes may be bad news for anyone who owns its shares, but they should mean cheaper food for households when the supermarket uses its firepower to launch a full-blooded price war against the German discounters, Lidl and Aldi.
Sector movers: Tesco's woes hit supermarket sector as shares tank  IFA Magazine
Tesco needs cash fast  City Index
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