UK

The Financial Reporting Council (FRC) is to investigate several years' worth of Tesco financial statements following the revelation the supermarket overstated profits earlier this year.

Matthew Tillett from Allianz explains why he has been buying oil majors on weakness and taking advantage of illiquidity.

The government has recovered a further £1.3bn from the Landsbanki estate in Iceland, which operated as Icesave in the UK, following its collapse at the height of the financial crisis.

2014 was a great era for merger and acquisitions, but managers expecting another bonanza year should think again - M&A activity will likely be more subdued next year, says AXA Framlington's Jamie Forbes-Wilson.

Media tycoon Richard Desmond has agreed to settle his £42m court case against Credit Suisse and GLG, accepting a significant settlement figure, according to reports.

The UK government is to sell another tranche of shares in Lloyds Banking Group as it moves to return the bank to private ownership.

Managers have been grappling with the strong pound this year, as UK companies with overseas earnings have been hindered by currency strength. But that headwind will turn in to a tailwind in 2015, OMGI's Stephen Message predicts.

Lloyds and Royal Bank of Scotland have fallen short in Bank of England tests to determine their resilience in the event of a new financial crisis, while the Co-operative Bank has been ordered to submit a new capital plan.

Aberdeen Asset Management chief executive Martin Gilbert has met Google executives in a bid to better understand the technological challenges facing the fund industry, according to reports.

The Bank of England has announced significant changes to the running of its Monetary Policy Committee (MPC) in response to an independent review of its practices.