Binance bulks up legal team as crypto firm faces mounting regulatory scrutiny May 17, 2022 The world’s biggest crypto exchange, Binance, is seeking to bulk up its legal team by hiring more than 30 lawyers across Europe, Asia, and the Americas. The Cayman Islands headquartered firm posted more than 30 openings for legal professionals, including for six positions in London. The job ads come as the crypto industry faces mounting [...]
UK bus output on pathway to recovery while HGVs slump because of headwinds May 17, 2022 The UK’s bus and coach output is on the pathway to recovery while HGVs continue to slump because of Covid-induced supply chain issues. According to quarterly data released today by the Society of Motor Manufacturers and Traders (SMMT), the UK new bus and coach market grew by 45.2 per cent following the end of all [...]
Back in the black: London landlord Landsec posts record office leasing in capital May 17, 2022 Property giant Landsec has delivered record office leasing in London as the company returned to profit after five years. Pre-tax profit rose to £875m in the year to the end of March, a turnaround from a £1.39bn loss the previous year. Landsec, which is the landlord for big names in the capital including Deutsche Bank, [...]
UK’s biggest phone companies colluded to bankrupt Phones 4U, High Court hears May 17, 2022 The UK’s major telecoms companies took part in a conspiracy to put Phones 4U’s out of business, lawyers acting on behalf of the bankrupt retailer told a High Court. Executives at five major phone companies – EE, Deutsche Telekom, Orange, Vodafone, and Telefonica – unlawfully “colluded” to drive Phones4U into administration in a bid to [...]
Sureserve’s order book powers profits May 17, 2022 Social housing energy services group Sureserve has reported rising revenues and a healthy uptick in profits, driven by an expanding order book.
Morrisons owner CD&R eyes £2.5bn takeovers of facilities management titans May 17, 2022 Morrison private equity owner is reportedly planning to snap up and merge two facilities management firms. Clayton Dubilier & Rice (CD&R) is in discussions to buy significant stakes in Atalian Servest and OCS, Sky News reported. Last year, the New York-based private equity firm clinched a £7bn deal to takeover the grocer Morrisons. The deals [...]
The Spy Who LinkedIn Me: Government launches new app to help public dodge spies May 17, 2022 The government has launched a new spy detecting app, which will help members of the public dodge espionage and stay safe online.
Credit Suisse hit with credit rating downgrade by S&P after string of scandals May 17, 2022 Scandal-stricken lender Credit Suisse has been hit with a downgrade by credit rating firm Standard & Poors after slumping to a loss in the first quarter of the year.
Blame it on the bots: Musk says Twitter takeover can’t progress without fake account clarity May 17, 2022 Twitter said it is committed to completing Elon Musk's $44bn deal at the agreed price and terms, despite the Tesla founder's continuous floundering.
KKR swoops on London-listed ContourGlobal in £1.75bn deal May 17, 2022 Investment giant KKR has agreed a deal to snap up London-listed power generation firm ContourGlobal for £1.75bn as it looks to bolster its renewable energy portfolio, the firms announced today.
