The Serious Fraud Office (SFO) in the UK is reportedly poised to launch a formal criminal probe into Tesco following the supermarket's discovery of a £263m hole in its profit expectations.

TWO men were jailed in Britain yesterday for their part in a £50 million (€56.6m) fraud on a string of mortgage lenders, including Bank of Ireland.

The Serious Fraud Office’s decision to drop its investigation into alleged bribery and corruption involving arms deals between BAE Systems and Saudi Arabia was overturned by the High Court in the UK today.