Author: KMFSLLP

Business secretary criticises operations of Financial Reporting Council

Kingfisher posts unexpectedly weak UK sales for both its B&Q and Screwfix chains

Carpetright, Moss Bros, Mothercare and Kingfisher all hit as they signal uncertainty

SAN FRANCISCO/BOSTON, March 21 (Reuters) - Tesla Inc shareholders approved a compensation package potentially worth as much as $2.6 billion for Chief Executive Elon Musk on Wednesday in a test of their confidence in the leader of the electric car company.

DUBAI, March 21 (Reuters) - Two businessmen formerly detained as part of Saudi Arabia's anti-corruption campaign are now in talks with banks for loans for their firms in excess of $3 billion, sources said, suggesting that bank markets are open again for those who have reached financial settlements with...

FRANKFURT, March 21 (Reuters) - Lawmakers and campaigners have criticised Malta's authorities for lax controls of a bank whose Iranian chairman was arrested on U.S. charges of evading sanctions and money laundering.

LONDON, March 21 (Reuters) - The British government had three contracts in the past with Cambridge Analytica's parent company SCL Group but they ended well before the current issues, a spokesman for Prime Minister Theresa May said on Wednesday.

NEW YORK, March 21 (Reuters) - UBS AG has reached a $230 million settlement to resolve charges brought by New York state that it misled and hurt investors by selling risky mortgage securities that contributed to the 2008 global financial crisis.

LONDON, March 21 (Reuters) - Creditors and landlords of New Look overwhelmingly approved the struggling British retailer's restructuring plan at a meeting on Wednesday, enabling it to stave off a potential fall into administration, the company said.

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