The 10 biggest business stories on Friday November 27

British shoppers got up early for Black Friday; Four senior executives from the Belfast office of accountancy firm KPMG have been arrested

People walk past a shopfront on Oxford Street advertising 'Black Friday' discounts in London (Getty)

1. Four senior executives from the Belfast office of accountancy firm KPMG have been arrested in Belfast on alleged tax evasion charges. The four partners were visited by officials from Her Majesty’s Revenue and Customs in the city on Wednesday, it has emerged.

2. China's main share index closed down by more than 5 per cent after several major brokerage firms announced they were under investigation, the BBC reports.

3. The UK economy grew 0.5 per cent between July and September, official figures have confirmed, unchanged from the initial estimate.

4. British shoppers got up early for Black Friday – fast becoming the best day to hunt for bargains. This year UK’s customers are expected to spend more than £1 billion according to research from Experian and e-retail industry association IMRG. We have rounded up the latest deals from Amazon, Carphone Warehouse, Ebay and John Lewis. Follow our live blog for the latest updates

5. Tesco has been turning away non-Black Friday shoppers. A Tesco spokesperson confirmed that was official policy.

6. London is planning to force black cabs to accept card payments before the end of 2016, The Week reports.

7. Annual house price growth slowed to a five-month low in November - despite the number of available homes on the market falling to its lowest level since the 1970s. Nationwide's house price index showed house prices increased 0.1 per cent in November, meaning the annual growth rate fell from 3.9 per cent a month earlier to 3.7 per cent.

8. Facebook has updated its global paid baby leave policy to include four months of paid leave for new fathers, no matter which Facebook office they work in, according to a blog post by Lori Goler the social network’s head of HR and recruiting.

9. Alliance Trust said Karin Forseke will step down as chairman as the company faces pressure from hedge fund Elliott Advisors to restructure. She will be replaced on an interim basis by Gregor Stewart, who has been a non-executive director since December last year, the Dundee, Scotland-based money manager said in a statement on Friday.

10. Indian-origin business tycoon Ravi Pillai hosted an incredibly flamboyant wedding for his daughter Arathi's marriage to Kochi-based doctor Aditya Vishnu, in the city of Kollam in Kerala. For an estimated cost of 550 million rupees or $8 million, Mashable reports.