Hogan Lovells partner ordered to pay ex-nanny £18,000 after firing her while she was pregnant September 17, 2018 A top City lawyer has been ordered by a tribunal to pay £18,000 to his former nanny after firing her after she told his wife she was pregnant. Sylvain Dhennin, who is head of Anglo-American law firm Hogan Lovells’ European high-yield debt practice, was ordered to make the payment by the London Central Employment Tribunal. [...]
Petra Diamonds chief executive to step down as focus switches to regaining investor confidence September 17, 2018 Petra Diamonds has promised to win back the confidence of investors after increasing earnings and overcoming the challenges of a tumultuous year. The miner reported underlying earnings of $195.4m (£148.5m) for the six months ending 30 June – a 37 per cent rise on the previous year. The company announced yesterday that chief executive Johan [...]
Petra Diamonds chief executive to step down as focus switches to regaining investor confidence September 17, 2018 Petra Diamonds has promised to win back the confidence of investors after increasing earnings and overcoming the challenges of a tumultuous year. The miner reported underlying earnings of $195.4m (£148.5m) for the six months ending 30 June – a 37 per cent rise on the previous year. The company announced yesterday that chief executive Johan [...]
Cake maker Finsbury Foods sees profits slip after bakery closure September 17, 2018 Cake maker Finsbury Food group took a £12m hit which saw its profits sink after closing a West London bakery that was losing money. The AIM-listed company shut the doors of its Grain d’Or bread bakery in Harlesden after a tripling in the price of butter, which makes up 30 per cent of the ingredients [...]
Cake maker Finsbury Foods sees profits slip after bakery closure September 17, 2018 Cake maker Finsbury Food group took a £12m hit which saw its profits sink after closing a West London bakery that was losing money. The AIM-listed company shut the doors of its Grain d’Or bread bakery in Harlesden after a tripling in the price of butter, which makes up 30 per cent of the ingredients [...]
Crispin Odey makes hurried correction to report he wants to enter British politics September 17, 2018 Prominent hedge fund manager Crispin Odey today issued a hurried denial that he intends to swap the world of high finance for front-line politics after a report that he was considering trying for public office. Odey, founder of Odey Asset Management, was reported by Financial News to have expressed an interest in entering political life, [...]
Former UBS trader Kweku Adoboli spared deportation hours before flight September 17, 2018 Former UBS rogue trader Kweku Adoboli has been spared deportation following a last-minute legal intervention. The 38-year-old, who has been detained since 3 September, was due to board a flight tomorrow night to his birth country, Ghana. After several failed appeals and applications for judicial review, his legal team lodged one final plea at 2pm today [...]
Crispin Odey makes hurried correction to report he wants to enter British politics September 17, 2018 Prominent hedge fund manager Crispin Odey today issued a hurried denial that he intends to swap the world of high finance for front-line politics after a report that he was considering trying for public office. Odey, founder of Odey Asset Management, was reported by Financial News to have expressed an interest in entering political life, [...]
Former UBS trader Kweku Adoboli spared deportation hours before flight September 17, 2018 Former UBS rogue trader Kweku Adoboli has been spared deportation following a last-minute legal intervention. The 38-year-old, who has been detained since 3 September, was due to board a flight tomorrow night to his birth country, Ghana. After several failed appeals and applications for judicial review, his legal team lodged one final plea at 2pm today [...]
Tesla takes a hit after Saudi fund invests $1bn in rival Lucid Motors September 17, 2018 Tesla shares dipped this afternoon after Saudi Arabia's sovereign fund pumped $1bn into rival Lucid Motors. Shares fell by two per cent today after it was revealed that the Public Investment Fund of Saudi Arabia (PIF) would help launch the Silicon Valley company's first electric vehicle, the Lucid Air, in 2020, but recovered to $300 later in the afternoon. Read more: [...]