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KPMG fined £14.4m by FRC for forging documents in Carillion audit
Consultants KPMG were slapped with a £14. 4m fine by the UK accounting watchdog in response to "serious misconduct" on the part of the auditors of failed outsourcer Carillion.
Europe close: Stocks and euro slump amid more calls for ECB to hike rates
European stocks were on Thursday, sparked by a mixed reading on US inflation and further calls for the European Central Bank to start hiking interest rates, including as soon as July.
Sector movers: US inflation data, rate hike talk trigger dollar strength and falls in miners and financial stocks
Drops in commodity stocks dragged the FTSE 350 lower and saw the top-flight index underperform as another wave of risk aversion swept over financial markets triggered by a mixed reading on producer prices Stateside.
Friday preview: US and Euro area inflation in the spotlight
Inflation will continue to top the economic agenda at the end of the week with readings on price pressures and economic agents' expectations for them due out on either side of the Pond.
Two more ECB rate-setters flag support for July rate hike
Two more top policymakers at the European Central Bank said they favoured starting to hike interest rates as soon as July.
Top BoE official says rates may need to be raised by more than expected
The Bank of England may need to hike official interest rates by more than what financial markets are currently pricing in, one of the central bank's top officials said.