Elon Musk defamation trial: Diver refuses to apologise to Tesla founder December 5, 2019 Vernon Unsworth, the British cave diver suing Tesla founder Elon Musk for calling him a “pedo guy” on Twitter, refused to apologise to the billionaire businessman and said his criticism of Musk was not a personal attack. In the third day of the defamation trial, Unsworth said he would not say sorry for an interview [...]
Former Ofcom boss to advise on Heathrow terminal monopoly probe December 5, 2019 A firm set up by the former boss of Ofcom has been appointed to advise the aviation regulator on whether Heathrow’s terminals could be operated by third-parties. The Civil Aviation Authority has selected Flint Global, which was set up by former Ofcom chief executive Ed Richards, to look into the possibility of allowing other companies [...]
Moncler shares jump on reports of Kering takeover bid December 5, 2019 Shares in high-end coat retailer Moncler jumped this afternoon following reports that Gucci-owner Kering is mulling a takeover bid, despite Moncler boss Remo Ruffini’s instance that there is no “concrete” deal in the works. The luxury group, which also owns Yves Saint Laurent, has reportedly held early-stage talks with Moncler about a potential deal, which [...]
Tiffany & Co earnings dive as Hong Kong protests hurt sales December 5, 2019 Luxury jewellery maker Tiffany & Co reported a sharp drop in earnings in the third quarter after disruption caused by protests in Hong Kong hit sales, ahead of the company’s acquisition by Louis Vuitton owner LVMH. The company posted net earnings of $78m in the three months to 31 October, down 17 per cent on [...]
Competition watchdog urged to review parcel delivery sector December 5, 2019 The UK competition watchdog has been urged to review the delivery sector after research found consumers have lost £85m due to parcel problems over the last year. According to new research, more than half – 59 per cent – of online shoppers faced issues with parcel deliveries including packages being left in insecure locations, delivery [...]
Elon Musk defamation trial: Tesla founder says ‘pedo guy’ tweet was ‘off the cuff’ December 4, 2019 Elon Musk insisted that his “pedo guy” Twitter comment directed a British diver involved with the rescue of 12 boys from a cave in Thailand was “off the cuff” as he wrapped up two days of testimony at his defamation trial today. The billionaire businessman apologised again to Vernon Unsworth, the diver who is seeking [...]
Slack beats expectations in third quarter results December 4, 2019 Workplace messaging app Slack beat analyst expectations in its third quarter results, following concerns that the tech firm would fall victim to increased competition. The company reported a loss of 2 cents per share compared to a consensus of an 8 cent per share loss. Read more: Investors balk at Slack’s earnings debut on Wall [...]
Expedia bosses quit after clashes over strategy December 4, 2019 Expedia chief executive Mark Okerstrom and finance boss Alan Pickerill have quit following disagreements with the board over the travel group’s strategy. Chairman Barry Diller said he will oversee the company’s executive leadership team with vice chairman Peter Kern. Chief strategy officer Eric Hart will serve as acting chief finance officer. The pair’s exit, which [...]
Governments commit to tech tax despite Trump threats December 4, 2019 Governments around the world have reiterated their plans to implement a tax on tech giants, despite threats of retaliation by the US. Canada, Austria and Indonesia are among those to join the UK in reaffirming a commitment to a tax on US tech companies such as Amazon, Facebook and Google. Read more: British tech tax [...]
Clintons secures rescue deal saving 2,500 jobs December 4, 2019 High street card retailer Clintons has secured a pre-pack administration deal to allow it to continue trading through the crucial Christmas trading period. Clintons has been bought out of administration by Esquire retail, a new vehicle that has been established by the Weiss family, which has owned the card retailer since 2012. Read more: Clintons [...]
