Lloyd’s of London apologizes for role in Atlantic slave trade

British insurance giant Lloyd’s of London apologized for its role in the Atlantic slave trade amid an international uproar over systemic racism. Lloyd’s said it was sorry for propping up the slave industry in the 18th and 19th centuries, which it called “an appalling...

Grocery giant Albertsons expects to raise $1.3B in IPO

Grocery conglomerate Albertsons expects to raise up to $1.3 billion when it goes public amid a coronavirus-related sales boom. Some of the Idaho-based company’s stockholders will sell 65.8 million shares at $18 to $20 apiece in the upcoming initial public offering,...

Wirecard scandal turns into an existential crisis

LONDON (Reuters Breakingviews) – Markus Braun’s day of reckoning turned out to be worse than seemed possible. The Wirecard chief executive’s company lost more than half its market worth on Thursday, sending its value down to 5.4 billion euros, after EY found...