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Accounting watchdog launches Tesco investigation

Tesco announced in September that it had discovered an accounting problem. Credit: Rui Vieira/PA

The accounting watchdog has launched an investigation into a £263 million overstatement of profit expectations at Tesco.

The Financial Reporting Council (FRC) said its investigation will focus on "the preparation, approval and audit" of financial figures reported and prepared by Britain's biggest supermarket and its auditor, PwC.

The scandal is already being investigated by the Serious Fraud Office and has seen a number of Tesco executives suspended - some of whom have now left.

Chairman Sir Richard Broadbent has also announced he is to step down.

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Police given more time to question murder suspects

Merseyside Police have been granted more time to question a second man suspected of murdering an off-duty police constable.

Pc Neil Doyle, 36, was attacked in Liverpool city centre in the early hours of Friday during a Christmas night out with colleagues.

A 28-year-old man from Huyton was arrested on suspicion of murder later that day and will remain in custody for questioning until tonight.

Today, the force said they have also been granted an extension to continue to question a 30-year-old man from Huyton who was arrested on Saturday.

Hospitals to recruit patients for genome sequencing

Eleven NHS hospitals across England have been selected to begin recruiting 75,000 patients to have their genetic codes sequenced.

As part of the 100,000 Genomes Project, the 'Genomic Medicine Centres' (GMCs) will focus on patients with a rare disease and their relatives, and patients with cancer. The hospitals are:

  • East of England NHS GMC
  • South London NHS GMC
  • North West Coast NHS GMC
  • Greater Manchester NHS GMC
  • University College London Partners NHS GMC
  • North East and North Cumbria NHS GMC (will recruit patients with a rare disease only)
  • Oxford NHS GMC
  • South West Peninsula NHS GMC
  • Wessex NHS GMC
  • Imperial College Health Partners NHS GMC
  • West Midlands NHS GMC

Airport strike cancelled after new pay offer

Airport ground handling workers will not go on strike tomorrow as planned.

The strike was called off by Unite union after a new pay offer was made.

A plane takes off from Heathrow. Credit: Gareth Fuller/PA Wire

Union members working for dnata at Heathrow, Gatwick and Manchester had been due to walk out tomorrow, but will be balloted on revised proposals.

Unite is pleased to confirm that strike action has been suspended following a revised offer which better reflects the contribution our members make to the company.

All of this could have been avoided if the company hadn't refused requests to negotiate and go to Acas a number of weeks ago. We will now be putting the details of the revised pay offer to our members over the coming weeks.

– Kevin Hall, Unite

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Deputy PM says Sheffield shooting is a "tragedy"

Deputy Prime Minister Nick Clegg, MP for Sheffield Hallam, said the shooting death of a 22-year-old man in the city centre, was a "tragedy" and urged anyone with information to talk to the police.

In a message on Twitter, Mr Clegg said he was "shocked to hear what happened."

Report: Yankees charity to support family of dead cop

A charity with links to the New York Yankees baseball team will support the family of one of the police officers who was shot dead at the weekend, according to a local media report.

The report says the foundation will pay for the education of the two sons of Rafael Ramos.

The Yankee Silver Shield Foundation was set up because Yankees owner George Steinbrenner wanted to do something to help the family of another police officer who was killed in the line of duty 32 years ago.

It continues to support the families of New York City police officers, firemen and Port Authority employees.

Spanish Princess to appear in court for tax fraud

Princess Cristina of Spain and her husband Inaki Urdangarin are accused of fraud. Credit: Gonzalo/Cooper Photographers/EMPICS Entertainment

Cristina de Borbon, sister of Spain's King Felipe, has been ordered to stand trial on charges of tax fraud.

The charges were brought as part of an investigation into the business dealings of Cristina's husband, former Olympic handball player Inaki Urdangarin, who is accused of embezzling millions in public funds through his non-profit Noos Foundation.

It will be the first time a member of the Spanish royal family has sat in the dock. Princess Cristina and her husband have both denied wrongdoing.

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