Britain's accounting watchdog has fined Deloitte and one of its partners a total of 4.62 million pounds ($5.81 million) for misconduct related to the audit of financial statements of Serco Geografix Ltd (L:SRP) for 2011 and 2012.
Some 1,200 developers at BMW (DE:BMWG) and Daimler (DE:DAIGn) will team up to develop automated driving technology, the companies said on Thursday, the latest carmakers forced to pool their development resources at a time of shrinking margins.
William Hill plans to close 700 licensed betting shops, putting about 4,500 jobs at risk, after the British government put a 2 pound cap on fixed odds betting terminals (FOBT) in an effort to reduce problem gambling.
The dollar was trading near one-week lows against the yen on Thursday as declines in U.S. Treasury yields boosted expectations the U.S. Federal Reserve will cut interest rates later this month.
One of the pound’s most accurate forecasters is predicting the currency will rebound on expectations that Britain will miss the latest deadline for leaving the European Union.