European Equities Close Higher Monday; PwC Fined $19.5 Million by UK Watchdog

MT Newswires Live08-20

European Equities Close Higher Monday; PwC Fined $19.5 Million by UK Watchdog The European stock markets closed higher in Monday trading as the Stoxx Europe 600 rose 0.64%, the Swiss Market Index ...

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The FSO also reported that the total worth of goods imported in euros in H1 was 6.2% lower than in H1 of 2023.And in corporate news, the UK's Financial Conduct Authority said Friday that it has fined PricewaterhouseCoopers, or PwC, 15 million British pounds ($19.5 million) for allegedly failing to report that it suspected London Capital & Finance, a firm it audited, might be involved in fraudulent activity. The FCA said the fine is the first one it has ever levied against an audit firm.UK pharmaceutical company AstraZeneca and Daiichi Sankyo said Monday that Enhertu has been granted Breakthrough Therapy Designation by the US Food and Drug Administration to treat some breast cancer indications. Daiichi Sankyo was up 1% in Munich and AstraZeneca was fractionally up.And Swedish telecommunications company Ericsson said Friday that it has agreed to sell its US subsidiary iconectiv to Koch Equity Development for about 10.6 billion Swedish kronor ($1 billion). 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