JP Morgan settles with trader fired over wrongful allegations of market spoofing November 8, 2022 JP Morgan has settled with a trader, who was wrongly fired from his job for market spoofing, after the bank failed to pay a £1.58m sum awarded to him by an employment tribunal in January. Ex-trader Bradley Jones was awarded £1.58m after an employment tribunal ruled he was wrongly fired from his £220,000 a year job [...]
Beximco Pharma warns of ‘little to no revenues’ from Covid-19 jab deal with Bangladesh November 8, 2022 Beximco Pharmaceutical shares have slipped after the company warned of “little to no revenues” from its deal with the government of Bangladesh for Covid-19 vaccines. The London-listed company, which last year sealed the deal for a majority stake in Sanofi’s Bangladeshi business, had been supplying the AztraZeneca/ Oxford vaccine to the government of Bangladesh (GOB). [...]
Silver could enjoy US midterms boost if dollar weakens, predicts expert November 8, 2022 Silver prices could enjoy a hefty boost if the dollar weakens on the back of the US midterms today, argues Kinesis Money.
City Airport insists it’s still ‘easiest hub to get to and through’ despite Heathrow-crossrail link up November 8, 2022 London’s City Airport has insisted it’s still “the easiest airport to get to and through” following the opening of the Elizabeth Line’s direct route from Canary Wharf to Heathrow. The hub located on the Thames hit back after Crossrail’s fully-linked up route was unveiled on Sunday, taking passengers to-and-from Canary Wharf to the UK’s biggest [...]
Applied Graphene stock sliced in half as it warns investors it may run out of cash November 8, 2022 Materials firm Applied Graphene has halved in stock value after warning investors that it could run out of cash in the new year after a failed equity raise. Investors were less than impressed as bosses failed to rally investors for a previously announced equity raise of up to $10m (£8.7m), citing “unfavourable conditions in small-cap [...]
Treasury-backed fintech body calls in open banking chief as chair November 8, 2022 A government-backed body set up to boost the country’s fintech sector has appointed industry grandee Charlotte Crosswell as its chair today, as it readies to start operations following a £5.5m Treasury funding commitment last year.
Veteran financier Sir Evelyn de Rothschild dies aged 91 November 8, 2022 Veteran financier Sir Evelyn de Rothschild has died at the aged 91. The tycoon, born in 1931, passed away “peacefully at home” according to a family statement released this morning. He served as chair of NM Rothschild and Sons and of The Economist in a long career spanning 60 years. Sir Evelyn de Rothschild, who [...]
Siemens bids £3.5bn for troubled wind unit as it combats Chinese imports November 8, 2022 Siemens Energy has tabled a £3.5bn bid to snap up the remaining third of shares it does not own in its troubled wind energy unit.
UK closes in on mega LNG deal with US to stave off blackout fears November 8, 2022 The UK is set to finalise a major gas deal with the US after the COP27 climate change summit in Egypt this month.
Brewdog’s Qatar ad backlash should be a lesson for other brands November 8, 2022 The backlash to Brewdog’s ‘anti-World Cup’ campaign is a lesson for other brands It was inevitable that a football World Cup in Qatar would eventually drag the business world into the sporting world. Sponsors of the four-yearly jamboree are being forced to confront awkward questions – and others are taking the opportunity to make hay. [...]