The U.K. accounting watchdog said Tuesday that it has fined and banned a tiny accounting firm, finding "widespread deficiencies" in its audit work on the accounts of several companies in Sanjeev Gupta's metals empire.
The U.K. accounting watchdog said Tuesday that it has fined and banned a tiny accounting firm, finding "widespread deficiencies" in its audit work on the accounts of several companies in Sanjeev Gupta's metals empire.
Baltic Exchange has rejected Mercuria Energy Group's claim that it failed to factor the effective closure of the Strait of Hormuz into an oil trading benchmark, saying it used the same methodology as during earlier U.S.-Iran war disruptions.
The European Parliament's economic and monetary affairs committee said Tuesday it has voted by a large majority for a digital euro backed by the European Central Bank, with a pilot rollout likely in 2027.
A London judge has approved a request by the Crown Prosecution Service to waive new public access requirements for court documents in a claim against gambling group Entain, in the first decision to set out the criteria for a filing modification order.
Lloyds Banking Group said it has launched fraud detection agents powered by artificial intelligence that analyze payments in real time to help stop scams.
A former Barclays community banker won leave Tuesday to appeal against a tribunal's findings that she was not discriminated against in disputes over her place of work, as she claimed the judge in the case called her "delusional."
Almost nine in 10 trustees of defined benefit pension schemes in the U.K. have not assessed how new and evolving health treatments for weight loss will affect the liabilities of their plans, Standard Life said Tuesday.
Europe's insurance industry urged policymakers on Tuesday to sharpen the focus of the Savings and Investments Union, saying the sector should do more to channel household savings into the long-term investments needed to strengthen Europe's economy.
IP Group PLC said Tuesday that it has rejected a takeover approach worth approximately £615.8 million ($814 million) from the trustee of a U.K. retirement savings plan for railway staff.
The U.K. government’s unfair dismissal rights reforms taking effect from January 2027 could create uncertainty over management incentive arrangements and complicate senior management changes, representing a material shift in the risk landscape for private equity firms, say lawyers at Debevoise.
