ASX-listed shares of Jack Dorsey-led Block Inc plunged nearly 16% on Friday after Hindenburg Research alleged that the payments firm overstated its user numbers and understated its customer acquisition costs.
Britain's new body overseeing accounting rules following Brexit said it was braced for a "lot of noise" from the 1.7 trillion pound ($2.33 trillion) insurance sector about measures to increase transparency of financial positions and performance.