Asda sees sales fall as 'shockwave' hits supermarkets

Sales at Asda have fallen, hit by what the retailer called "a shockwave" in the supermarket sector. Asda, which is owned by US grocery giant Wal-Mart, said sales at stores open more than a year were 1.6% lower in the third quarter, compared with the previous three months.

Sainsbury’s to splash out £150m on price cuts as it slumps to first-half loss

Sainsbury’s has slumped into the red after taking a one-off charge of £628m to pull out of building 40 new supermarkets and downgrading the value of 40 underperforming stores, just a year after writing off plans for 15 new supermarkets at a cost of £92m.

Apple to Fiat EU Tax Cases Should Be Finished Ahead of New Ones

The European Union should complete its four tax probes before it can “decide what to do next,” EU Competition Commissioner Margrethe Vestager said.

Serco shares plunge after it unveils plans to raise £550m

Outsourcing firm Serco's shares have plunged 32% after it unveiled plans to raise up to £550m through selling new shares and cut its profit forecast.

Twitter opening office in HK despite China ban

Social media giant Twitter has said it will open an office in Hong Kong in the first quarter of 2015. The messaging service has been banned from operating in China since 2009 over fears that it could be used to organise protests against the government.

Full investigation into the dominance of 'big four' UK banks confirmed

Britain's biggest banks face the prospect of being broken up by the competition regulator, in spite of warnings that this would be hugely expensive and hold back lending to the economy.

UK new car sales hit 2m mark

Britons have bought more than 2m new cars so far this year, following an unexpectedly sharp jump in sales in October.