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Stocks in London were set to open flat on Thursday, with the focus likely to be firmly on retailers amid updates from Marks & Spencer, Tesco, Primark owner Associated British Foods, JD Sports and Debenhams, among others.
Six former Volkswagen executives are being charged over their alleged roles in the 2015 emissions scandal, as the company admits liability and is ordered to pay a record $4. 3bn (£3. 5bn) penalty, US officials have said. The men are accused of running a near decade-long conspiracy during their time at the firm and are being charged with conspiracy to defraud the United States, violations of the Clean Air Act, and wire fraud, the US attorney general Loretta Lynch said on Wednesday.
