UK

Tesco shares have opened 15% lower after the retailer said full-year profits will come in below market expectations.

The Financial Conduct Authority (FCA) is to review how and how much it fines businesses amid complaints from banks about the rise of high penalties.

The Confederation of British Industry (CBI) has issued a warning over Chancellor George Osborne's plans for the UK to "go it alone" on corporate tax reform.

Bye, bye Mr Brown

UK equities will struggle to make significant gains as a range of forces will weigh on sentiment in 2015. Investors should shelter in stocks undertaking self-help, argues Aviva Investors' Chris Murphy.

Mega-caps may have struggled this year, but the UK is awash with successful self-help situations, says EEA's David Urch.

Neil Woodford, private equity investor Jon Moulton and former Goldman Sachs Asset Management chair Jim O'Neill are among those to have backed digital bank Atom ahead of its 2015 launch.

F&C director of UK and European equities Peter Lees is to hand over his UK equity fund responsibilities as the group bids to turn around performance, Investment Week can reveal.

The Office for Budget Responsibility has revised up government borrowing forecasts for 2014 and 2015 - but figures for the following years are lower than previously estimated, according to Chancellor George Osborne.

Aviva will consider another transformative acquisition once its takeover of Friends Life beds in, according to reports.