Will the FCA’s reform agenda set off a SpAc revolution? August 7, 2021 With investors looking for quicker and more efficient routes to going public, special purpose acquisition companies (SpAcs) have quickly taken off, while requiring far less paperwork of a traditional initial public offering (IPO). They have been especially attractive to private companies that might not necessarily meet the eligibility requirements for a traditional IPO or corporate [...]
Nasdaq companies to strengthen board diversity under fresh regime August 7, 2021 Companies listed on the tech-heavy Nasdaq stock exchange will have to comply with fresh gender and diversity rules implemented by the US’ financial markets watchdog. The Securities and Exchange Commission agreed on Friday to introduce new measures that will force Nasdaq businesses to have at least two diverse directors. Read more: C-suite diversity credentials to [...]
Cairn Energy in line for $1bn refund as India scraps tax law August 6, 2021 Cairn Energy could be in line for a $1bn refund after the Indian government decided to scrap a controversial retrospective tax law. The FTSE 250 company has been engage in a long-running tax dispute with India over the issue. In recent months, the independent oil and gas firm has taken steps to seize some of [...]
Astrazeneca boss backs embattled GSK chief Walmsley August 6, 2021 The boss of drugs giant Astrazeneca has given his backing to Emma Walmsley, the chief executive of rival Glaxosmithkline (GSK), as she comes under pressure from investment firms. Walmsley is in the process of transforming the FTSE 100 firm by spinning off its consumer healthcare division into a separate firm. Her leadership has come under [...]
Hotels face ‘nightmare’ cancellation rates as holidaymakers rush abroad August 6, 2021 Hotels are being hit hard by cancellations across the country with London especially hard-hit after a lack of overseas tourists this summer. Some hotels are experiencing cancellation rates of 50 per cent or more as international travel rules relax, according to booking engine provider Avvio. “Guests are cancelling their bookings at the last minute and [...]
The Last Letter From Your Lover review is a waste of talent August 6, 2021 Two blockbuster heroes share top billing as Shailene Woodley (Divergent) and Felicity Jones (Star Wars: Rogue One) play two women in different times in literary adaptation The Last Letter From Your Lover. Jones plays Ellie, a journalist recovering from a break-up who views love with a degree of scepticism. This is shaken when she discovers [...]
US stocks reach record highs as jobs market recovery gathers pace August 6, 2021 Wall Street opened higher on Friday to reach record highs after fresh data showed the US labour market is recovering from Covid at a faster pace than first thought. The S&P 500 and Dow Jones both hit record highs in morning trading on Friday. The former rose 0.08 per cent and the latter was up [...]
Wizz Air chief Váradi signs on for five more years after £100m bonus plan approved August 6, 2021 Wizz Air chief executive Joszef Váradi has today signed a new five-year contract with the Hungarian airline, a week after his whopping new bonus plan was approved by shareholders. With the exception of the bonus plan, which could see him take home a maximum of £100m, the other terms of Váradi’s deal remain the same. [...]
Businesses seek cover amid wave of discrimination lawsuits August 6, 2021 UK and US insurers are being flooded with requests for cover from businesses amid rising numbers of covid related discrimination lawsuits, it has been reported. According to Reuters, there have been 2,950 Covid-19 related employment lawsuits in the United States since the start of the pandemic, with health and safety, remote working and workplace discrimination [...]
Aussie rugby sevens team to undergo alcohol counselling after Tokyo bender August 6, 2021 Australia’s Olympic rugby sevens team will have to undergo alcohol counselling after a string of booze-fuelled incidents in Tokyo. After several days of partying, things came to a head on the team’s flight back from Japan, for which the squad received an official complaint from Japan Airlines. According to reports, the team spent the 10 [...]
