Business

BRITAIN’S accountancy watchdog has slapped Ernst & Young with a £2.75 million fine in relation to the audit of Tech Data Limited. Daily Express :: City and Business Feed

THE pound has been left static against the US dollar as economists speculate on the possible fallout from another increase in UK consumer price pressures. Daily Express :: City and Business Feed

BITCOIN has been dismissed by investment bank UBS as a “speculative bubble” that is unlikely to ever become a mainstream currency. Daily Express :: City and Business Feed

BANK of England Governor Mark Carney has been accused of over-reacting to last year’s Brexit vote by slashing interest rates and ramping up the country’s money-printing programme, as the chief policymaker appeared before MPs on the Treasury Select Committee. Daily Express :: City and Business Feed

VLADIMIR Putin has given the green light for Russia to have it’s own cryptocurrency – dubbed the CryptoRuble. Daily Express :: City and Business Feed

AIRBUS has acquired a majority stake in Bombardier’s C Series aircraft programme, the companies have announced. Daily Express :: City and Business Feed

JACKPOTJOY has taken a punt on fresh leadership by calling time on its chief executive just nine months after floating on the London Stock Exchange. Daily Express :: City and Business Feed

THE pound strengthened against the euro as inflation hit its highest level in five years, raising the chance of an interest rate hike in November, ahead of Bank of England Governor Mark Carney’s appearance before the Treasury Select Committee. Daily Express :: City and Business Feed

ONLINE retailer Asos is expected to report a surge in full-year sales as it was boosted by its strategy of international expansion. Daily Express :: City and Business Feed

THE pound mounted a recovery against the Australian dollar this morning, making tentative gains as the pairing rallied from a sharp drop at the end of last week’s session. Daily Express :: City and Business Feed