Uber settles sexual harassment claims for $1.9m August 22, 2018 Ride-sharing app Uber has agreed to pay $1.9m (£1.5m) to 56 current and former employees who claimed they were victims of sexual harassment while working at the company. They will also receive an average of nearly $11,000 as part of a class action of 485 people who claimed they were discriminated against while working at [...]
HSBC UK M&A star taking team to Jefferies to lead transactional business August 21, 2018 One of HSBC's top deal doers is jumping to investment bank Jefferies to lead its UK deal team. Philip Noblet, a vice chair in global banking at HSBC, is joining Jefferies alongside two experienced mergers and acquisitions (M&A) specialists, according to sources close to the bank. Noblet moved to HSBC in 2015 from Bank of [...]
Game Digital’s revenue slides but esports expansion holds promise August 21, 2018 Video game retailer Game Digital has posted a fall in revenue in its end of year results as it is hit by a tough market for pre-owned games. Revenue for the year to 28 July fell slightly from £782.9m to £780m which the company blamed on "continued challenges in the pre-owned business" which it said [...]
Turkish President Erdogan says collapse in lira a political plot against the country August 16, 2018 Turkish President Recep Tayyip Erdogan said today that the collapse in the value of the Turkish lira was a political plot against the country. Speaking to a crowd of supporters in the Black Sea coastal city of Trabzon, Erdogan said: “What is the reason for all this storm in a tea cup? There is no [...]
Turkish President Erdogan says collapse in lira a political plot against the country August 12, 2018 Turkish President Recep Tayyip Erdogan said today that the collapse in the value of the Turkish lira was a political plot against the country. Speaking to a crowd of supporters in the Black Sea coastal city of Trabzon, Erdogan said: “What is the reason for all this storm in a tea cup? There is no [...]
Sterling volatility continues over no deal Brexit fears August 9, 2018 Hedge fund boss Crispin Odey said today he would continue betting against sterling in the run up to Brexit, even after it fell to its lowest point for a year yesterday. Nervousness over the UK’s prospects of striking a deal with the EU has sent sterling sliding in recent days, falling as low as $1.2842 [...]
London’s audit giants are muscling in on law firms August 8, 2018 The City's top law firms are keeping a wary eye on the Big Four accountancy giants as the beancounters expand into the $600bn (£465bn) global legal services market. Managing partner of City law firm Fieldfisher Michael Chissick said: “They have very ambitious plans, that isn’t in doubt, audit is in decline and it is low [...]
High times: The City gears up for a medicinal cannabis boom August 7, 2018 What do rapper Snoop Dogg, investment bank Canaccord Genuity, the boss of City law firm Memery Crystal and serial entrepreneur Gerry Thomas have in common? All of them see the UK as a new frontier in a medicinal cannabis boom and are positioning themselves to reap the rewards. Three cannabis companies have listed in London [...]
Europe stands ground over US-Iran feud August 6, 2018 European leaders hit back yesterday at US President Donald Trump’s decision to reimpose sanctions on Iran, which took effect tonight. A joint statement from the UK, French, German and EU foreign ministers said they “deeply regret” the US decision to pull out of the Iran nuclear deal. Trump has repeatedly railed against the agreement signed [...]
