Deliveroo adds ex-Worldpay CFO to board November 13, 2020 Former Worldpay chief financial officer Rick Medlock has joined Deliveroo’s non-executive board. The move comes as the takeaway delivery app prepares to pursue a public listing in the coming months, Sky News reported. Sources told Sky News that Deliveroo had also been approaching candidates for its chairmanship. Deliveroo is said to have appointed bankers at [...]
Oil prices slip after week of gains as vaccine rally cools November 13, 2020 Global oil prices today pared some of their gains for the week as a vaccine-inspired rally ran out of steam. Prices shot up at the beginning of the week on the news that Pfizer’s coronavirus vaccine was 90 per cent effective, but began to slip back yesterday. Today global standard Brent crude fell a further [...]
JD Sports’ merger with Footasylum edges nearer after appeal November 13, 2020 The competition watchdog’s decision to block a merger between JD Sports and Footasylum has been overturned following an appeal. The Competition Appeals Tribunal said today that the Competition and Markets Authority had acted “irrationally” when it ruled in May that the tie-up would lead to a “substantially” lessening of competition nationally. The tribunal ruled that [...]
Volkswagen to invest €73bn in digitalisation and electric cars November 13, 2020 Car giant Volkswagen will invest €73bn into developing hybrid and electric cars over the next five years, it was announced today. Investment in the new technologies, as well as into digitalisation, will now account for nearly half of the €150bn of spending the firm has scheduled. Almost half of the money – €35bn – will [...]
Wall Street opens higher but FTSE 100 slips as virus cases continue to rise November 13, 2020 Wall Street opened higher this afternoon as upbeat earnings from major companies helped markets shrug off concerns about rising Covid-19 cases. The S&P 500, Dow Jones and Nasdaq were all trading up roughly 0.8 per cent this afternoon. US stocks had seen their rally halted yesterday as investors weighed the timeline for a mass rollout [...]
Google boss apologises to EU chief over plans to dodge antitrust laws November 13, 2020 Google chief executive Sundar Pichai has apologised to EU industry chief Thierry Breton after leaked documents revealed plans to attack the commissioner over new antitrust laws. In a video conference last night, Pichai insisted he had not seen or signed off on the document and apologised for the way it had come out. The internal [...]
BoE’s Cunliffe: ‘Not our job’ to protect banks from digital currencies November 13, 2020 Bank of England deputy governor Jon Cunliffe has said it is not the bank’s job to protect other banks from the impact of future digital currencies. Speaking an on online seminar today, Cunliffe said: “Our job is not to protect bank business models. Banks will have to adjust. Our job is to ensure that if [...]
BoE warns insurers are being ‘optimistic’ in Covid-19 estimates November 13, 2020 Insurers risk being optimistic in estimating losses from Covid-19 related claims and should stress-test their underlying assumptions, the Bank of England has warned. In a letter to insurers today, the BoE set out its findings from a review across the general insurance sector on reserving, managing exposures and dealing with uncertainty over contracts in light [...]
France are my favourites for the Autumn Nations Cup, a Six Nations with extra spice November 13, 2020 I’m a glass-half-full person, so I can’t help but be excited that the Autumn Nations Cup is happening. Given everything, fans and players just have to be grateful we’ve got some international rugby with silverware to play for. OK, we haven’t got New Zealand, South Africa or Australia coming over as usual. But we to [...]
The Mandalorian season 2 episode 3 review: S2E3 action and revelation in hit show November 13, 2020 *** SPOILERS AHEAD: If you haven’t watched the most recent episodes of The Mandalorian Season 2, look away now*** Thus far, The Mandalorian Season 2 has been about self-contained adventures, where the fun comes from the twists and turns in our hero’s path. This week was a bit more action packed, with some huge plot [...]
