Advertisement
UK markets closed

  • FTSE 100

    7,895.85
    +18.80 (+0.24%)
     

  • FTSE 250

    19,391.30
    -59.37 (-0.31%)
     

  • AIM

    745.67
    +0.38 (+0.05%)
     

  • GBP/EUR

    1.1607
    -0.0076 (-0.65%)
     

  • GBP/USD

    1.2370
    -0.0068 (-0.55%)
     

  • Bitcoin GBP

    51,925.53
    +460.79 (+0.90%)
     

  • CMC Crypto 200

    1,334.09
    +21.47 (+1.59%)
     

  • S&P 500

    4,967.23
    -43.89 (-0.88%)
     

  • DOW

    37,986.40
    +211.02 (+0.56%)
     

  • CRUDE OIL

    83.24
    +0.51 (+0.62%)
     

  • GOLD FUTURES

    2,407.00
    +9.00 (+0.38%)
     

  • NIKKEI 225

    37,068.35
    -1,011.35 (-2.66%)
     

  • HANG SENG

    16,224.14
    -161.73 (-0.99%)
     

  • DAX

    17,737.36
    -100.04 (-0.56%)
     

  • CAC 40

    8,022.41
    -0.85 (-0.01%)
     
Property:

11 beautiful homes with glorious garden rooms

Investing in a home with a garden room will enable you to enjoy your outside space whatever the weather

UK accounting watchdog to investigate conduct at RSA Insurance Ireland

Reuters - UK Focus

LONDON, July 7 (Reuters) - Britain's accounting watchdog said it will investigate the conduct of some accountants involved with RSA Insurance Ireland, which had to be bailed out by its British parent RSA.

The Financial Reporting Council said it would investigate the conduct of certain individuals in connection with "financial irregularities" at the Irish division.

The investigation will cover 2012 "and relevant prior periods as a result of the identification of issues within the claims and accounting functions announced by RSA Insurance Group plc at the end of 2013," the FRC said in a statement.

RSA has blamed a handful of executives at the Irish division for accounting irregularities that led to the group to overstating its profits in Ireland (Other OTC: IRLD - news) and required it to tap shareholders for cash to plug the hole in its finances.

(Reporting by Huw Jones; editing by Jason Neely)