Blockchain startup Everledger raises $20m in funding round led by Tencent September 24, 2019 UK-based blockchain startup firm Everledger has raised $20m (£16m) in a series A funding round led by Chinese investment firm Tencent. Everledger also received backing from startup funder Graphene Ventures and Fidelity Investments. Read more: Santander issues first end-to-end $20m blockchain bond Founded in 2015 by Australian business woman Leanne Kemp, Everledger uses blockchain technology [...]
Brexit: NCA finds ‘no evidence’ of criminal activity by Arron Banks or Leave.EU September 24, 2019 The National Crime Agency (NCA) has found “no evidence” that Leave.EU or its founder Arron Banks have committed criminal offences. The pro-Brexit campaign group was fined £70,000 by the Electoral Commission in May 2018, prompting the agency to launch a probe into the organisation. Read more: Met Police drop investigation into Arron Banks’ and Nigel [...]
EU Court hands Google victory in right to be forgotten case September 24, 2019 Google combed home a win today as it battled a French demand that it extend European right to be forgotten laws across the world. Europe’s top court said that the search giant is not obliged to remove sensitive personal data worldwide. Read more: Google should be allowed to limit ‘right to be forgotten’, says EU [...]
M&C Saatchi warns on profits as accounting scandal drags on September 24, 2019 Shares in M&C Saatchi hit a seven-year low this morning as the company warned that its operating profit for 2019 is expected to fall below expectations. The ad men said that full-year operating profit was likely to land around five to 10 per cent lower than previously announced. Read more: Shares in M&C Saatchi plunge [...]
Irn-Bru owner AG Barr’s share price rises despite plummeting profits September 24, 2019 Irn-Bru maker AG Barr’s share price rose in early trading as it clung onto its full-year outlook despite posting a huge drop in first half profit. Read more: Irn-Bru maker AG Barr’s share price crashes after profit warning The figures Revenue fell 10.5 per cent year on year to £122.5m for the six months to [...]
Hotel Chocolat hungry for global expansion as profit rises September 24, 2019 Hotel Chocolat has reported a mouthwatering set of full-year results, with increases in pre-tax profit and revenue, as the luxury chocolatier eyes up further global expansion. Revenue rose 14 per cent to £132.5m, the company said, while pre-tax profit climbed 11 per cent to £14.1m. Read more: Choc Horror: Hotel Chocolat’s ‘Chocmobile’ found burnt out [...]
Metro Bank share price sinks after investors snub £250m bond offering September 24, 2019 Metro Bank’s shares fell almost ten per cent in early trading after the struggling lender was forced to ditch a £250m bond offering yesterday after a lack of demand from investors. The challenger bank’s shares fell as much as 12 per cent in morning trading, but then trimmed its losses to 6.8 per cent. Read [...]
Nearly 500 Lloyd’s of London workers report sexual harassment September 24, 2019 Almost 500 employees at Lloyd’s of London have suffered or witnessed sexual harassment over the past 12 months, according to a damning survey released today. Lloyd’s CEO John Neal described the findings as “truly terrible” as the survey, carried out by the Banking Standards Board on behalf of the insurer, found “the experience of women [...]
Tube chaos for commuters as Victoria line suspended September 24, 2019 Commuters have been hit by severe delays during rush hour this morning after part of the Victoria line was suspended. The line, which runs between Brixton and Walthamstow central, is suspended between Brixton and Victoria due to a fire alert, Transport for London (TfL) said on Twitter. There are severe delays on the rest of [...]
The great escape: UK flies home 14,700 Thomas Cook customers first day after collapse September 24, 2019 Nearly 15,000 people returned to Britain yesterday on specially chartered flights to save the passengers left stranded by the collapse of Thomas Cook. The megalith effort of flying people back to the UK is set to continue for the next two weeks as 135,300 people need planes to come home, the Civil Aviation Authority said. [...]