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An investigation is under way into the France-based defence company Thales for suspected bribery and corruption, the UK's Serious Fraud Office (SFO) has announced.A statement, released shortly after French financial markets had closed for the day, said a joint investigation involving the SFO's French counterparts PNF was under way. It did not detail any allegations beyond the suspected offences though the Reuters news agency, citing a French judicial source, said it was related to claims of bribery of a foreign public official, influence trafficking, handling stolen goods and money laundering.It concerned an arms contract awarded in Asia, the person said.Money latest: JD Sports faces wrath of shareholders Although based in Paris, the multi-national aviation and defence electronics group em...

Brazil's former president Jair Bolsonaro is among more than 30 people facing charges of allegedly attempting a coup after his electoral defeat in 2022.Federal police have delivered the results of their investigation to the country's supreme court, which must decide whether to refer them to prosecutor-general Paulo Gonet to bring formal charges. The former right-wing president has denied claims he tried to stay in office after his narrow defeat to rival, President Luiz Inacio Lula da Silva - the leftist politician who won with 50.9% of the vote.Mr Bolsonaro posted on X that investigators and the supreme court judge overseeing the case had been "creative" and done "everything the law does not say".The final police report completes a near two-year investigation into Mr Bolsonaro's role in a m...

Intuit CEO Sasan Goodarzi speaks at the opening night of the Intuit Dome in Los Angeles on Aug. 15, 2024.Rodin Eckenroth | Filmmagic | Getty ImagesIntuit shares fell 6% in extended trading on Thursday after the finance software maker issued a revenue forecast for the current quarter that trailed analysts' estimates due to some sales getting delayed.Here's how the company performed in comparison with LSEG consensus:Earnings per share: $2.50 adjusted vs. 2.35 expectedRevenue: $3.28 billion vs. 3.14 billionRevenue increased 10% year over year in the quarter, which ended on Oct. 31, according to a statement. Net income fell to $197 million, or 70 cents per share, from $241 million, or 85 cents per share, a year ago.While results for the fiscal first quarter topped estimates, second-quarter gui...

Ken Griffin, chief executive officer and founder of Citadel Advisors LLC, speaks during an Economic Club of New York event in New York, US, on Thursday, Nov. 21, 2024.Yuki Iwamura | Bloomberg | Getty ImagesCitadel CEO Ken Griffin issued a warning against the steep tariffs President-elect Donald Trump vowed to implement, saying crony capitalism could be a consequence."I am gravely concerned that the rise of tariffs puts us on a slippery slope towards crony capitalism," the billionaire investor said Thursday at the Economic Club of New York.The Citadel founder said domestic companies could enjoy a short-term benefit of having their competitors taken away. Longer term, however, it does more harm to corporate America and the economy as companies lose competitiveness and productivity, he said.C...

Wall Street's optimistic tone since Donald Trump secured a return to the White House could have outsized benefits for a handful of stocks that typically gain when sentiment is bullish, according to Piper Sandler. Stocks soared to record highs immediately after Trump's victory in early November. Investors hoped that his election would lead to looser regulations, which could trigger a spree of dealmaking on Wall Street, as well as lower corporate taxes. The postelection rally has broadened out in recent days toward stocks outside of the "Magnificent Seven." "By many metrics, bullish sentiment is at an extreme," Michael Kantrowitz, Piper Sandler's chief investment strategist and head of portfolio strategy, wrote in a Tuesday note. "Investors expect the market to climb higher and accordingly, ...