Petrofac shares sink after former executive pleads guilty to $30m Abu Dhabi contracts bribe January 15, 2021 Shares in Petrofac are down 20 per cent today after its former global head of sales pleaded guilty to further bribery charges. David Lufkin pleaded guilty in Westminster Magnistrates Court to another three counts of bribery in charges brought aginst him by the Serious Fraud Office (SFO). Lufkin offered and paid bribes of around $30m [...]
Plus-size retailer N Brown’s shares drop after pandemic hits revenue January 15, 2021 Shares in plus-size fashion retailer N Brown plunged this morning after the company, which owns Simply Be and Jacamo, announced a dip in revenue due to a drop off in occasionwear sales during the pandemic. N Brown’s share price fell 13.48 per cent to 64.2p after it reported a 1.4 per cent drop in product [...]
5 things you need to know about DeFi January 15, 2021 Towards the end of 2020, we witnessed an explosion in Decentralised Finance (DeFi) usage and awareness. These projects aim to decentralise the intermediary in financial transactions, moving away from the traditional rent-seeking finance model and toward stakeholder finance. Here’s what you need to know about this fast-growing industry. Open Innovation verse Walled Gardens DeFi networks [...]
Ether demand boom sparks liquidity crisis? January 15, 2021 Crypto at a Glance Bitcoin came back within striking distance of $40,000 again yesterday and has now recouped most of its losses from the dip earlier this week. There have been a number of reasons posited for the retrace and subsequent recovery, and it’s likely that a large part of it was simply the natural [...]
Home Office: 150,000 fingerprint, DNA and arrest history records accidentally deleted January 15, 2021 Priti Patel is facing a backlash after the Home Office accidentally lost 150,000 fingerprint, DNA and arrest history records. The mistake on the Police National Computer (PNC) may mean that offenders could go free due to evidence not being flagged in connection to fingerprints or DNA, according to multiple reports. The PNC reportedly suffered an [...]
Screenshot: Is social media heading for a new era of privacy? January 15, 2021 A weekly column from City A.M. bringing you all the biggest stories and trends in technology, media and telecoms This week **Media Moment of the Week: CNN’s crowbar correction **Whatsapp’s privacy exodus **Music touring: A victim of Brexit? Media Moment of the Week Given the extent of the carnage at the Capitol last week, reporters [...]
Jaguar F-Type P300 review: more affordable and more fun? January 15, 2021 The four-cylinder Jaguar F-Type P300 is very different to the bombastic V8s. How does it stack up versus the Alpine A110 and Porsche Cayman?
LSL shares jump as estate agent chain expects ‘significant’ rise in full-year profit January 15, 2021 Shares in estate agent chain LSL Property Services jumped this morning after the London-listed firm announced profit for 2020 will be “significantly” ahead of the previous year. LSL’s stock rose more than six per cent to 272p following its announcement that full-year group underlying operating profit is expected to be £41.5m, beating 2019 levels. The [...]
Aveva enjoys strong third quarter as OSIsoft deal nears completion January 15, 2021 Aveva has enjoyed a strong third quarter which saw its revenue grow 1.5 per cent in the first nine months ahead of OSIsoft deal closure. The industrial software company also ended the year with no debt and £2.7b in cash. Aveva’s approval from the Committee on Foreign Investment in the United States (CFIUS) for the [...]
City workers probed on post-COVID leisure and travel January 15, 2021 Employees in the City of London are being asked to help shape future provision of leisure and active travel in the Square Mile post-COVID. Outdoor gyms or fitness classes and improved facilities for cycling and walking could be on the agenda when the Square Mile recovers from the pandemic, according to the City of London [...]
