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Tesco accounts face fresh inquiry
The Financial Reporting Council announces an inquiry into Tesco's accounts for 2012, 2013 and 2014.

Higher pay awards 'on the way'
Bigger pay rises may be on offer in the coming year, according to Martin Weale, a member of the Bank of England's interest rate setting committee.

Sainsbury's suffers website glitch
Supermarket chain Sainsbury's has become the latest victim of website difficulties amid the rush for Christmas orders.

B&Q's Kingfisher to sell China stake
Home improvements retailer Kingfisher agrees to sell a controlling stake in B&Q China to Wumei Holdings in a cash deal estimated to be worth £140m

City workers expect bigger bonuses
Senior workers in London's financial services sector are expecting an average 21% rise in their bonus payouts for this year, a survey found.

Warning over Coats pension scheme
The Pensions Regulator tells Guinness Peat Group it should pay more money into the pension scheme of the Coats textile company to pay off its deficit.

Oil price fall 'not Opec's fault'
Oil-rich Gulf states vow not to cut crude production, blaming speculators and producers outside the Opec group for falling prices.

Gadget insurance complaints rise
The Financial Ombudsman Service says it received 2,200 complaints about gadget warranties last year, double that of the previous year.

Energy shares lift FTSE 100
London's benchmark index rises as energy shares are boosted by the price of Brent crude oil heading towards $63 a barrel.

South Korea cuts growth forecasts
Asia's fourth largest economy, South Korea, cuts its growth forecast for this year and next as consumer and business sentiment weakens.

Asian shares climb in thin trade
Asian markets rose on Monday, although trading was thin at the start of a working week shortened by the Christmas break.

North Sea oil summit announced
A plan for a summit to look at the challenges facing the North Sea oil industry is announced by Aberdeen City Council.

Plan to help over-50s get jobs
Unemployed over-50s will be offered "career reviews" and help using computers as part of plans to get more people in that age group into work. fraud network revealed
Details are revealed of a network which attempted to defraud thousands of customers of the online travel agent