Tesco shares closed the day 6.5% down after the firm announced that its profits have been overstated by �263m. That is up from an initial estimate made last month of �250m.
Britain's biggest lenders are shutting hundreds of branches and culling thousands of staff in a push to cut costs and move towards a digitally focused model that is irrevocably changing high street banking.
LONDON (Reuters) - New British bank TSB (TSB.L) said it was picking up nearly one in ten of all new current accounts being opened in the UK, swelling its deposit base as competition intensifies for the country's biggest lenders.
Pets at Home reported increasing sales in the first half of the year as the VIP Club loyalty card helped repeat business and owners pampered their pets with grooming services.
(Adds C&C confirmation, market reaction). By Conor Humphries. DUBLIN Oct 24 (Reuters) - Britain's Spirit Pub Co has rejected a takeover approach from cider maker C&C Group , but said the Irish firm had until Nov. 20 to submit a formal offer.