Antofagasta production on track but miner warns on Chile lockdown April 21, 2021 Mining giant Antofagasta today said its production and costs were in line with expectations in the first quarter but warned of the impact of a fresh lockdown in its home country. The Chile-based company said copper production was on track at 183,000 tonnes, 5.7 per cent lower than last year and five per cent lower [...]
Tiktok sued for billions over children’s data concerns April 21, 2021 Tiktok is being sued for billions of pounds over allegations the video-sharing app illegally harvested the private data of millions of European children. The lawsuit, which is being backed by former children’s commissioner for England Anne Longfield, alleges that every child that has used Tiktok since 25 May 2018 may have had personal information collected [...]
All six English clubs abandon JP Morgan Super League plan April 21, 2021 All six English clubs have pulled out of the European Super League (ESL) after plans for the JP Morgan-backed venture were met with a fierce backlash. Manchester City were the first Premier League side to officially withdraw from the competition following reports Chelsea were preparing to do so. Arsenal, Liverpool, Manchester United and Tottenham have [...]
Daily Mail files competition lawsuit against Google over royal coverage April 20, 2021 The Daily Mail has filed an antitrust lawsuit against Google over allegations the tech giant unfairly manipulated its rankings in search results. In the suit filed in Manhattan federal court, the newspaper’s parent company accused Google of punishing publishers’ search rankings if they do not sell enough advertising space through Google’s marketplace. The Daily Mail’s [...]
Explainer: Why has the UK intervened in Nvidia’s $40bn Arm merger? April 20, 2021 Ever since it was announced in September last year, Nvidia’s proposed $40bn (£30bn) takeover of British chipmaker Arm has proved controversial. Critics including rival tech firms and former Arm executives were quick to hit out at the deal, warning of a negative impact for Britain and the semiconductor industry more widely. Yesterday the government made [...]
Government launches review into Football Index collapse April 20, 2021 The government today said it will launch a review into Football Index, the football trading platform that collapsed last month. The website, which allowed users to trade ‘shares’ in high-profile footballers, suffered a crash after a sudden reduction in dividend payments. Some users lost thousands of pounds as a result. Football Index went into administration [...]
European Super League: Boris Johnson says ‘no action off the table’ April 20, 2021 Prime Minister Boris Johnson has told football officials that “no action is off the table” as the government looks to block the formation of the new European Super League. During a meeting with the Football Association, the Premier League and football fan groups this morning Johnson pledged his “unwavering support”. He also expressed solidarity with [...]
Netflix lookahead: What to expect from the streaming giant’s earnings April 20, 2021 Netflix is leading the charge in a busy schedule of US earnings today, reporting first-quarter figures after the bell. The Silicon Valley streaming giant, which now has more than 200m subscribers, has cashed in on higher demand for at-home entertainment during the pandemic. With most lockdown measures still in place in the first three months [...]
UK court clears William Hill’s £2.9bn Caesars takeover April 20, 2021 William Hill today said its £2.9bn takeover by US casino group Caesars Entertainment had been cleared by a UK court despite shareholder protests. The bumper merger had been held up by a court hearing after minority shareholder HBK Capital Management raised concerns about disclosures relating to the deal. HBK and fellow US hedge fund GWM [...]
Primark owner restores dividend as high street stores reopen April 20, 2021 The owner of Primark today said it would restore its dividend and pay back furlough money as it issued an upbeat outlook following the reopening of retail stores. Associated British Foods (ABF) halted its payout last year due to the outbreak of Covid-19, which sparked an almost £1.5bn hit to its first-half Primark sales. The [...]
