SFO

Trio accused of carrying out fraudulent scheme

Former CEO John Varley charged

Schroders urging Tesco to reconsider Booker merger

Regulators issue further prison sentences

Three-year battle

SFO initiates investigation

A former independent financial adviser who set up a "no-risk gambling" Ponzi scheme has pleaded guilty to five counts of fraud.

Magnus Peterson, head of the collapsed Weavering hedge fund that took £354m of investor cash, has been sentenced to 13 years in jail after being found guilty of several offences.

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.