TESCO has reportedly rung the changes in the boardroom following a series of profit warnings and the revelation that it overstated its first-half profits by £250 million.

According to a report in The Sunday Times, the troubled supermarket giant is poised to appoint three non-executive directors.

It comes in response to criticism that the board has lacked sufficient retail experience.

Elsewhere, the same newspaper suggests the Bank of England's Monetary Policy Committee is poised this week to keep interest rates unchanged at 0.5 per cent, citing slowing economic growth and forecasts that inflation will fall to one per cent by the end of the year.

Employment in high street banks rose last year for the first time since the financial crisis, figures from the British Bankers' Association have indicated.

The small rise, of 1,500 new retail bank jobs, is an indication that the industry is showing signs of recovering from a crisis that nearly caused the collapsed of the some of the UK's biggest financial institutions, The Sunday Telegraph reports.

A new initiative to capitalise on Scotland's successful business tourism industry will be launched at this week's Scottish Tourism Alliance (STA) conference, reports the Sunday Herald.

Business Tourism for Scotland, an 11-strong sub-group of the STA, will launch a dedicated business tourism website at the organisation's annual meeting on Wednesday. It comes as STA chief executive Marc Crothall warns the industry not to make the "Sydney Olympics mistake" and assume major events such as Glasgow 2014 and the Ryder Cup will automatically lead to a boost in tourism traffic.

The Sunday Herald also reports the Asia Scotland Institute is to launch seminars exploring how links between Scottish business and the world's third-largest economy can be strengthened.

Confederation of British Industry boss John Cridland has warned a second referendum on Scottish independence will undermine economic growth in Scotland, reports The Sunday Times.