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Tags Business Reporter

Tag: Business Reporter

Nomura agrees $480m penalty to settle US mortgage probe

The Department of Justice (DOJ) said the deal with the Japanese bank related to allegations Nomura misled investors between 2006 and 2007, resulting in them suffering "significant losses"

Audi fined £700m for dieselgate gains and oversight failings

Authorities in Germany, the company's home market, issued the penalty as the company's chief executive at the time the so-called dieselgate scandal broke remains in prison, pending the findings of an investigation into the extent of his personal involvement

Wage growth at strongest level for nearly a decade

The Office for National Statistics (ONS) also said unemployment fell by 47,000 to 1.36 million while the unemployment rate remained at a 43-year low of 4%

Paddy Power Betfair fined £2.2m over gambling check failings

A Gambling Commission investigation found that the bookmaker fell short on interacting with customers who showed signs of problem gambling and on carrying out anti-money laundering checks

Under-pressure Grant Thornton boss Sacha Romanovitch to quit

Sacha Romanovitch, who became the first female boss of a major auditor when she took the role three years ago, had been expected to run for a second spell in charge of the partnership

Superdry feels the heat in £18m profit alert

Shares lost 21% of their value on Monday after it said "unseasonably hot" conditions in the UK, Europe and on the US East coast - continuing from the summer into the autumn - had "significantly affected" demand for products such as jumpers and jackets

Regis to ask landlords for rent haircuts in survival plan

Regis UK, which operates more than 220 Regis and Supercuts hairdressing salons across the country, said it was seeking a so-called Company Voluntary Arrangement (CVA) that could see rents at some outlets cut completely

Patisserie Valerie finance chief Marsh arrested amid fraud probe

A number of stores were closed on Friday, hours after the upmarket baked goods chain confirmed Chris Marsh had been detained before being released on bail

Ashley eyes ‘Harrods of the North’ in £95m deal for Frasers

Sports Direct said the iconic department store, on Buchanan Street, would continue to operate as Frasers once the agreement completes - expected in early 2020 - and that it would save 800 in-store jobs

Wall Street plunges again as global market rout deepens

New York's Dow Jones Industrial Average closed more than 500 points, or 2%, lower during Thursday's session - while earlier in Britain the FTSE 100 saw £36bn wiped off the value of its constituent companies