Business

PWC has been fined a record £5.1 million for misconduct over its handling of the financial statements of professional services firm RSM Tenon, which collapsed into administration four years ago. Daily Express :: City and Business Feed

ADMIRAL shares reversed 131p to 2047p as the car insurer counted the cost of changes to personal injury payouts. Daily Express :: City and Business Feed

THE pound is stuck at opening levels against the US dollar this morning, despite better-than-expected results from the latest UK retail sales data. Daily Express :: City and Business Feed

AUSTRALIA is the latest country to try to stop bitcoin being used to fund terrorism and for money laundering by regulating digital currency exchanges. Daily Express :: City and Business Feed

AMERICA is pumping the highest levels of oil in more than two years, hitting Saudi Arabia’s efforts to limit supply and raise prices. Daily Express :: City and Business Feed

CAR dealer Lookers insisted it will ride out economic uncertainty after a sharp drop in the used-car market. Daily Express :: City and Business Feed

THE euro has tumbled to a three-week low after fears about the eurozone’s economic fragile recovery were laid bare by the European Central Bank . Daily Express :: City and Business Feed

THE pound rallied from a ten-month low against the euro this morning as Britain’s retailers saw sales rise more than expected in July. Daily Express :: City and Business Feed

GERMANY’S growth missed expectations in the second quarter of 2017, as experts warned of a slowdown in economy expansion later this year. Daily Express :: City and Business Feed

STRONG labour market data has today boosted the pound against the euro, allowing sterling to rise 0.3 per cent to €1.098. Daily Express :: City and Business Feed