Tesla achieves first-ever $10bn quarter January 27, 2021 Tesla has posted its first-ever $10bn quarter following a successful year that saw its founder, eccentric billionaire Elon Musk, become the world’s richest person. Tesla beat Wall Street estimates for fourth-quarter revenue after beating 2020 deliveries earlier this month on a steady rise in electric vehicle demand. The carmaker, led by billionaire entrepreneur Elon Musk, [...]
Facebook revenue beats analyst expectations and rises to £28bn in fourth quarter January 27, 2021 Revenue at Facebook rose to $26.44bn in the fourth quarter of 2020, up some $7bn on the same time last year. Facebook beat analysts’ estimates for quarterly revenue on today, powered by increased ad spending by businesses to capitalise on a holiday shopping season driven online by the pandemic. Total revenue, which comprised primarily of [...]
GardaWorld extends G4S offer for fifth time despite deal elsewhere January 27, 2021 Canadian firm GardaWorld has extended its takeover bid for G4S, even as the British company has already accepted US-based Allied Universal’s takeover offer. Yesterday Allied Universal extended the time for G4S shareholders to accept the deal, which has been agreed upon by the two companies, to 9 February. G4S said GardaWorld’s announcement does not change [...]
Arrivals from 30 ‘high-risk’ countries including Portugal and Brazil face hotel quarantine January 27, 2021 Travellers arriving back in the UK from countries with a known risk of new coronavirus variants will be forced to isolate for 10 days in hotels, it was announced today.
Ex-Barclays GC takes bank to court January 27, 2021 Judith Shepherd, a former general counsel at Barclays Capital, has filed a claim against her ex-employer in the High Court. Fox Williams, acting on behalf of Shepherd, lodged a claim in the Commercial Court on 22 January against Barclays PLC, Barclays Bank and Barclays Execution Services, The Lawyer reported. Law firm Simmons & Simmons has [...]
DNA testing firm23andMe linked to Richard Branson’s VG Acquisition Corp in move to go public January 27, 2021 DNA-testing company 23andMe is reportedly in talks to go public through a $4bn deal with Richard Branson's VG Acquisition Corp
Under the influence: How reality stars’ Dubai trips could sink social media marketing January 27, 2021 While online fitness guru Sheridan Mordew has undoubtedly succeeded at influencing people, she may be struggling to make friends. When the social media influencer, who posts workout videos for her thousands of online followers, insisted that her much-documented trip to Dubai was essential business travel, she was met with little sympathy. In fact, Mordew is [...]
Reddit day traders out for blood as they tell GameStop short-sellers: ‘We want to see the loss porn’ January 27, 2021 The ongoing battle between Reddit day traders and corporate short-sellers over GameStop stock has heated up, with the Redditors vowing: “We want to see loss porn”. Shares of US videogame retailer GameStop jumped 146 per cent today, driving the price of the stock to a whopping $365 by midday. Today’s surge leaves GameStop stock up [...]
Pearson and Cineworld shares jump amid ‘manic’ Reddit short-selling feud January 27, 2021 Shares in Pearson and Cineworld had remained buoyed by London close today, having sparked speculation of a major short squeeze fuelled by Reddit day traders. Education giant Pearson led the FTSE 100 risers, with shares up almost 12 per cent, while Cineworld was trading 12.5 per cent higher. By the close Pearson was up nearly [...]
With no office, our future leaders are being held back January 27, 2021 In spite of the challenges facing central cities around the world at the moment, they are and will remain places with huge concentrations of the jobs which provide the greatest opportunities to learn and to move up the job hierarchy. For young people, Central London offers an unparalleled combination. A range of independent employers with [...]
