Puma buys stake in Borussia Dortmund as club expect to raise over €100m from stock issue August 22, 2014 Borussia Dortmund could raise over €100m of fresh capital after issuing 24.5m shares valued at €4.66 (£3.73) each. The Bundesliga club is hoping to raise around €140m (£112m) from the share issue, which will be used to bring down debt and improve financial resilience, and could potentially fund future investments. Although the club has made [...]
Why healthcare could be Google Glass’s biggest market August 22, 2014 Google Glass, the wearable tech device, may be an exciting new development – but with a $1,500 price tag (not to mention its less-than-fashionable appearance), its appeal to the consumer market has so far been limited. But during a conference yesterday, the man widely credited with creating the Glass identified what could end up being [...]
Scottish independence: HSBC chairman Douglas Flint warns currency uncertainty could prompt capital flight, leaving finances in “parlous state” August 22, 2014 HSBC Chairman Douglas Flint has warned the loss of a combined currency union if Scotland becomes independent could prompt capital flight from the country and leave it in a “parlous” financial state. Writing in the Telegraph, the Scottish-born head of HSBC said a shared currency was a core element of Scotland’s economic benefits. He warned [...]
LMA issues apology for wording in Malky Mackay statement August 22, 2014 The League Managers' Association (LMA) has issued an apology for … an apology. In response to allegations that former Cardiff City manager Malky Mackay had been involved in a bigoted text exchange, the football manager's representative body yesterday issued a statement describing the jokes as "banter" – wording they have now had to apologise for. In [...]
Scottish independence: Official campaigns barred from high schools August 22, 2014 With less than a month to go before voters north of the border decide whether to ditch the United Kingdom, 27 of Scotland's 32 local councils have barred the two sides from senior schools. Although the official campaigns may find themselves stuck outside the school gates, pupils are, of course, free talk about the merits [...]
Monkey selfie: Macaque does not own image but neither does camera owner, US copyright office rules August 22, 2014 If a monkey takes a selfie, who owns the image – the monkey or the man with the camera? Now we have an answer to surely the most important legal question of modern times: it's neither. The US copyright office has ruled that any work created by an animal- monkey or otherwise- as well as [...]
RSA Insurance offloads Singapore and Hong Kong business to Allied World Assurance in £130m deal August 22, 2014 RSA Insurance is selling off its business in Singapore and Hong Kong in the latest deal aimed at getting the British insurer back on track. Swiss insurer Allied World Assurance will pay £130m in cash for RSA’s insurance operations in the two countries, in a deal expected to be finalised in 2015. It will pay [...]
How the US is changing the shape of British TV – key deals August 22, 2014 Last night Channel 4 chief executive David Abraham blasted the US for buying up British TV companies while arrogantly lecturing them on what they should be doing. “In recent years we’ve seen a parade of Americans standing up here at the MacTaggart telling us how things ought to be done. But, how do you [...]
Central and Waterloo & City line Tube strike driving outraged commuters to buses and Twitter August 22, 2014 Transport for London strikes again. City workers' travel has been thrown off course this morning due to strike action on the Waterloo & City and Central line services. The Waterloo & City line is down throughout the entire day while Central line services have been severely limited and are currently only running between Leytonstone – [...]
EDF Energy told to pay £3m by Ofgem for for failing to handle customer complaints correctly August 22, 2014 EDF Energy has been ordered to pay £3m to vulnerable customers by energy watchdog Ofgem after an investigation into the way customer complaints were handled. Ofgem found the energy giant did not correctly deal with complaints from customers between May 2011 and January 2012. The investigation began after a 30 per cent rise in complaints [...]