Sanjeev Gupta in fresh talks over British Steel bid October 21, 2019 Sanjeev Gupta is in fresh talks with the government about buying British Steel as concerns mount over a potential deal backed by Turkey’s military pension fund. Gupta’s Liberty House Group restarted discussions in recent days about a potential deal to buy the steel company ahead of the expiry date this week of an exclusivity period [...]
GSK continues pharmaceuticals push with $1.1bn vaccines sale October 21, 2019 Glaxosmithkline (GSK) has today announced the sale of two travel vaccines worth up to $1.1bn (£846.9m) to Bavarian Nordic, continuing its push into the cancer drug market. The sales of Rabipur, an anti-rabies drug, and Encipur, which is used to prevent encephalitis, to the Denmark-based biotech firm, will include an upfront payment of €301m (£258.5m), [...]
Netflix to sell a further $2bn in bonds as it builds up war chest October 21, 2019 Netflix has announced plans to sell roughly $2bn (£1.5bn) worth of bonds as it launches a final push for cash before the onslaught of new streaming rivals. The on-demand video giant said it will issue the bonds in both euros and dollars and will negotiate terms such as interest rate and maturity date with buyers. [...]
Boeing ‘regrets’ leaked 737 Max Whatsapp messages October 21, 2019 Boeing has said it understands the clamour over leaked messages from a former test pilot over erratic software behavior on its 737 Max jet two years before recent crashes. US regulator the Federal Aviation Administration (FAA) on Friday ordered Boeing chief executive Dennis Muilenburg to give an “immediate” explanation for the delay in turning over [...]
Samira Ahmed takes BBC to court in row over unequal pay October 21, 2019 Top BBC presenter Samira Ahmed is taking the broadcaster to an employment tribunal over claims she was paid less than her male colleagues. Ahmed is due to appear at a central London tribunal on Monday next week over an alleged “failure to provide equal pay for equal work”, filings show. Read more: Government must reach [...]
Speaker John Bercow blocks vote on Boris Johnson’s Brexit deal October 21, 2019 Speaker John Bercow has rejected the government’s request for a meaningful vote on Boris Johnson’s Brexit deal today. Bercow denied the government a second vote on Prime Minister Boris Johnson’s withdrawal agreement after Johnson first put it to parliament in a special sitting on Saturday. Read more: Sterling trades around $1.30 as markets optimistic of [...]
City groups join forces for new mental health care commitments October 21, 2019 City businesses are joining forces with charities today in an effort to promote mental health care in the work place. Leading business and non-governmental figures have signed up to the Mental Health at Work Commitment, a set of standards for the industry which launched this morning. Read more: Accountancy sector lagging behind business on diversity, [...]
Saks owner Hudson’s Bay agrees to go private October 21, 2019 Hudson’s Bay Company (HBC), the owner of New York department store Saks Fifth Avenue, has agreed to be bought by a group of investors led by its executive chairman. The investor consortium led by Richard Baker, who currently owns 6.32 per cent of the firm, has made an offer to buy the shares of HBC [...]
Standard Chartered boss ‘to take pay cut’ after investor revolt October 21, 2019 The boss of Standard Chartered is reportedly planning to take a pay cut in an effort to pull the curtain down on one of the firm’s largest corporate fallouts in recent years. Chief executive Bill Winters is preparing to accept a voluntary cut in pay following a shareholder rebellion over the bank’s remuneration policy, according [...]
Russian cyber criminals hack Iranian hackers to disguise attacks October 21, 2019 A Russian cyber crime group hacked into a rival Iranian outfit so that it could carry out attacks in disguise, an investigation by cyber spooks has revealed. The so-called Turla group took control of tools and infrastructure belonging to an Iranian organisation known as Oilrig before launching cyber attacks on more than 35 countries. Read [...]