Equities

Reuters reveals Toshiba auditor to split opinion on finances, governance; shares jump

Reuters reveals Toshiba auditor to split opinion on finances, governance; shares jump

Toshiba stock jumped as much as 9 percent after Reuters exclusively reported the auditor for Toshiba Corp is likely to sign off on the conglomerate’s annual results while giving a thumbs down on the group’s corporate governance during a series of crises. Investors have feared an adverse statement could lead to a delisting of the 140-year-old company, complicating its ability to raise money for its cash-hungry memory-chip business and jeopardizing its competitiveness.