Former trader at JP Morgan wins case against investment bank over spoofing July 7, 2021 Former trader at JP Morgan wins case against investment bank over spoofing
Page Group shares rise as labour market improves and recruiter predicts £135m profit July 7, 2021 Page Group shares rise as labour market improves and recruiter predicts £135m profit
US bins 60m contaminated Johnson and Johnson covid jabs June 11, 2021 Regulators in the US have ruled that 60 million doses of the Johnson & Johnson coronavirus vaccine will need to be discarded because of suspected contamination, according to reports. The doses were produced in a factory in Baltimore operated by Emergent BioSolutions, where federal regulators have been conducting a review over the course of several [...]
G7: UK spends £8m to lengthen Newquay runway for Biden’s Air Force One June 11, 2021 The UK has reportedly spent over £7.8m to extend the runway at Newquay airport to allow US aircraft to land for the G7 summit. The runway had to be extended to allow US President Joe Biden to land on Air Force One amid concerns about the existing infrastructure being able to handle the large aircraft, it has [...]
Government considers using criminal cash to compensate scam victims June 11, 2021 A policy of reimbursing scam victims with money from criminals’ frozen bank accounts is being considered by the government. The proposal from banks would be a popular one, according to survey results which found that 75 per cent said they would support the idea. But criminally-obtained funds in frozen accounts would be vastly insufficient to cover [...]
Record $425m: EU’s biggest privacy fine ever looms for Amazon June 10, 2021 A European Union privacy regulator has proposed fining Amazon over $425m (£300m), as part of a process that could yield the biggest penalty yet under the bloc’s privacy law, according to reports. A draft decision sanctioning Amazon’s privacy practices with the proposed fine has been circulated by the CNPD, Luxembourg’s data-protection commission, with the bloc’s [...]
General Electric to freeze $14bn pension pot for 2,700 UK staff June 10, 2021 General Electric Co will freeze pension benefits for around 2,700 UK employees from January 2022 and take a related charge, the company announced today. GE’s pension benefit obligation in the UK was about $14bn at the end of 2020. GE’s pension plan has been closed to new entrants in the UK since September 2011. At [...]
Gamestop drops while Clover Health rises as rollercoaster ‘meme stocks’ continue June 10, 2021 GameStop shares fell 7.6 per cent this morning while Clover Health Investments (CLOV.O) jumped 5.9 per cent earlier today after soaring about 86 per cent earlier this week as retail traders on reddit turn their attention to new stocks to push up. GameStop announced the head of Amazon’s Australian business, Matt Furlong, as its new [...]
UK competition watchdog ‘to probe Amazon buy box’ June 10, 2021 The UK’s Competition and Markets Authority is planning to formally investigate competition at Amazon, according to reports this morning. The investigation comes amid a similar ongoing one by the EU into Amazon. The UK competition watchdog, which has been analysing the online retailer for months, has focused on how Amazon uses data collected on its [...]
Marlowe continues acquisitions spree to buy £17.2m healthcare company June 10, 2021 Marlowe, a specialist health and safety company, this morning announced the £17.2m acquisition of occupational health company Healthwork, marking it’s twelfth acquisition this year. The news swiftly follows Marlowe’s most recent acquisition just last week of fire safety and security service provider ACL for £7.3m. Marlowe said acquiring Healthwork, which employs over 80 clinical professionals, [...]