Britain's biggest retailer Tesco has agreed to pay 214 million pounds in fines and compensation for investors to settle a probe over a 2014 accounting fraud that sparked the biggest crisis in its near 100-year history.
Britain's biggest retailer Tesco is in advanced talks with the Serious Fraud Office (SFO) over a plea deal that would involve it paying a large fine over its 2014 profit overstatement, Sky news said on Saturday.
Google apologised on Monday for allowing ads to appear alongside offensive videos on YouTube as more high-profile firms such as Marks & Spencer and HSBC pulled advertising for British markets from Google sites.
British retailers, food producers and consumer goods makers are cutting back on advertising to direct their firepower instead at lowering prices in the face of rising inflation, hitting the income of media groups.
One of the big four UK supermarket chains, Morrisons, has added womenswear to its Nutmeg own-label offer, launching denim, daywear, outerwear, occasionwear and active apparel, four years after Nutmeg's kidswear debut.
Sainsbury’s is investing in its growing Tu fashion brand with a specialist agency appointed to handle its general merchandise advertising for the first time and helping the retailer launch a new homewares brand.