Uber investors buckle up for lower IPO price after Lyft shares veer off course April 11, 2019 Uber may be planning to price its shares more modestly than expected in its eagerly-anticipated float as it looks to learn from the torrid trading of its smaller rival Lyft. Analysts have warned the ride-hailing giant may need to lower its expectations for its initial public offering (IPO), after Lyft’s poor performance sparked fears big tech [...]
Assange: The Fugitive in Custody April 11, 2019 The decision by the Ecuadorian government to end Julian Assange’s diplomatic immunity and the Australian’s arrest by the Metropolitan Police is not the end of the WikiLeaks saga – but it certainly seems to be the beginning of the end for the man himself. Assange faces a charge of skipping bail, but his extradition for [...]
Theresa May told to resign over ‘abject surrender’ of Halloween Brexit delay April 11, 2019 Theresa May was accused of an “abject surrender” and told to resign by a furious veteran Conservative MP today after she agreed to another delay to Brexit. Read more: May vows to seek 'orderly' Brexit after Halloween extension Sir Bill Cash, one of parliament’s most long-standing anti-EU MPs, urged the PM to quit as she [...]
Nasdaq increases Oslo Bors stake as battle with Euronext comes to a head April 11, 2019 Nasdaq has grabbed more of a stake in Norwegian stock exchange Oslo Bors as it looks to gain the upper hand in its battle with Euronext. The US giant increased its stake by around two per cent, leaving 37 per cent of Oslo Bors shares owned by Nasdaq or committed to support its takeover bid. [...]
Wikileaks founder Julian Assange found guilty of breaking bail conditions as US reveals hacking charges for ‘Chelsea Manning conspiracy’ April 11, 2019 Wikileaks founder Julian Assange has been found guilty of breaching his 2012 bail order at Westminster Magistrates Court this afternoon, it is reported. It means he faces a prison sentence of up to 12 months, the Press Association said. Read more: Assange arrested on US extradition request at Ecuadorian embassy Assange had reportedly pleaded not [...]
Competition regulator accuses Casio of preventing price discounts April 11, 2019 Britain's competition watchdog has accused electronics giant Casio of illegally preventing price discounts today. Casio was provisionally found to have broken competition law by "restricting retailer freedom to discount online" by the Competition and Markets Authority (CMA) this morning. The Competition and Markets Authority (CMA) has issued a statement of objections to Casio Electronics which, as [...]
Accounting watchdog to investigate audits of outsourcer Interserve’s financials by Grant Thornton April 11, 2019 Britain’s accounting watchdog has started investigating the audits of Interserve by Grant Thornton, weeks after the outsourcer collapsed into administration. The Financial Reporting Council (FRC) said this morning it is looking into Interserve’s accounts in 2015, 2016 and 2017. Read more: Interserve begins its new life as a private company Last month, Interserve finally collapsed into [...]
Check out Knightsbridge’s Mandarin Oriental’s refurbishment as it reopens after summer fire April 11, 2019 A luxury London hotel is set to open its doors next week after months of renovation following a major fire last summer. Read more: Property events moved away from Brunei-owned hotels amid boycott The Mandarin Oriental Hyde Park in Knightsbridge, which has been closed since June in the wake of a huge blaze that damaged the [...]
Council blasted for ‘incompetence’ over Hammersmith Bridge closure April 11, 2019 Hammersmith and Fulham council have been criticised for an apparent lack of transparency over the Hammersmith Bridge, which has been closed indefinitely over safety concerns. The suspension bridge over the Thames was found with “critical faults” that would risk the safety of users and the council said it had “no choice” but to shut the bridge. The [...]
Theresa May vows to seek ‘orderly’ Brexit as she urges MPs to work together to strike a deal April 11, 2019 Prime Minister Theresa May has called on MPs to work together to break parliament’s Brexit deadlock after the Easter break. Read more: Spooky: Why sterling refuses to rise after Halloween Brexit delay The EU handed the UK a second extension to Article 50 yesterday to take the UK up to 31 October, averting a potential [...]