Reuters UK Business

(Reuters) – Britain’s financial regulator fined audit firm PricewaterhouseCoopers (PwC) 15 million pounds ($19.33 million) on Friday for failing to alert the watchdog to suspected fraudulent activity at London Capital & Finance. ($1 = 0.7759 pounds) (Reporting by Yadarisa Shabong in Bengaluru; Editing by Mrigank Dhaniwala)

By Siddharth Cavale and Savyata Mishra (Reuters) -Americans are worried about inflation, so they are shopping more at Walmart. The U.S. retailer raised its annual sales and profit forecasts on Thursday for a second time this year, as Americans flocked to its stores for inexpensive essentials, sending its shares up 8% to a record high. …

Walmart boosts sales outlook, shares surge to record Read More »

By Nora Buli ARENDAL, Norway (Reuters) – Battery start-up Morrow on Friday opened Norway’s first battery cell production site on the country’s south coast, with plans to deliver the first units by the end of the year and adding more production step by step. Battery cell production is one new industry Norway is keen to …

Norway’s Morrow Batteries opens factory, plans first deliveries by year-end Read More »

By Tom Sims FRANKFURT (Reuters) -Deutsche Bank has proposed a settlement to shareholders who sued Germany’s largest bank for underpaying them for the acquisition of Postbank but the offer is too low, a lawyer for the plaintiffs said on Friday. The lawyer, Jan Bayer, rejected the bank’s proposal as a “crackhead” offer that is “dead …

Exclusive-Deutsche Bank’s proposed Postbank case settlement offer rejected by plaintiffs Read More »

By Amy-Jo Crowley and Alexander Hübner LONDON (Reuters) – The owners of the World Rally Championship’s commercial arm are exploring options including a possible sale of the business, seeking to bring in cash at a time of high valuations for sports media rights, according to people familiar with the matter. The owners, Austrian drink group …

Rallying-World rally championship promoter explores $550 million sale, sources say Read More »

(Corrects to show April rate is from 2023 not 2024 in paragraph 8) By Lisa Baertlein LOS ANGELES (Reuters) -A potential strike at U.S. seaports on the East Coast and Gulf of Mexico could back up cargo there for weeks or even months, shipping experts said on Wednesday. Retailers like Walmart and other importers have …

Possible US seaport strike could back up goods for months, shipping experts say Read More »

By Jonathan Stempel (Reuters) – PepsiCo can be sued for marketing its Gatorade protein bars as good for you though they have more sugar than protein and more sugar than typical candy bars, a federal judge ruled. In a decision on Wednesday, U.S. District Judge Casey Pitts in San Jose, California said three self-described fitness …

PepsiCo can be sued over health claims for Gatorade protein bars, judge says Read More »

By Ananya Mariam Rajesh (Reuters) -Chipotle Mexican Grill’s future may not be as bumpy as some shareholders fear upon the departure of CEO Brian Niccol, investors said.  The burrito chain lost almost $6 billion in stock market value on Tuesday after it announced that Niccol will depart at the end of this month to become …

Chipotle investors see continued growth, steady leadership after CEO Niccol departs Read More »

MOSCOW (Reuters) – A Russian government commission has approved the extension of current export duties on sunflowers and soybeans through August 2026, Interfax news agency reported on Thursday, citing the Russian economy ministry. The sunflower export duty stands currently at 50% but no less than 32,000 roubles per metric ton, and the soybeans duty rate …

Russia to extend export duties on sunflowers, soybeans, Interfax report says Read More »