FTSE 100 falls and US stocks mixed as coronavirus cases rise October 27, 2020 The FTSE 100 fell in afternoon trading after a choppy morning session, while US stocks were mixed amid rising coronavirus cases and some worrying economic data. London’s main stock index was last down 0.8 per cent at 5,745 points, having also fallen yesterday. Read more:HSBC to overhaul business model and accelerate plan to slash costs [...]
Flying is at the same risk level for catching Covid as visiting the supermarket, Harvard research finds October 27, 2020 A new report from Harvard researchers found the risks of catching Covid-19 during a flight are similar or lower than going to the supermarket – if you wear a mask
UK betting firm Genius Sports to go public with $1.5bn US deal October 27, 2020 UK sports data firm Genius Sports Group is planning to go public with a listing on the New York Stock Exchange by merging with special purpose acquisition company Dmy Technology. The deal values the combined group at around $1.5bn. Genius Sports boss Mark Locke will stay on as chief executive following the transaction. Dmy chairman [...]
Experian clashes with watchdog over personal data use October 27, 2020 Experian has clashed with the UK data watchdog over an order requiring the credit reference agency to make fundamental changes to the way it handles customer data. The Information Commissioner’s Office (ICO) today published the findings of a two-year investigation into Experian, Equifax and Transunion over how they use personal data for direct marketing purposes. [...]
Rolls-Royce shareholders approve £2bn rights raise plan October 27, 2020 Rolls-Royce shareholders have this morning approved the engine maker’s £2bn rights issue as it seeks to bolster its finances. As a result, the group’s liquidity will rise by £5bn, as the capital raise opens up new options including a £2bn bond issue and the extension of a two-year loan by £1bn. Chairman Ian Davis told [...]
Goldman Sachs accused of covering up sexual misconduct allegation October 27, 2020 Goldman Sachs attempted to cover up allegations of workplace sexual misconduct by its head of litigation and fired a female lawyer for raising concerns over his behaviour, a lawsuit filed in New York claims. Marla Crawford, a former associate general counsel at the bank, alleged she was discriminated against and fired after complaining about the [...]
Bloomsbury profit surges on lockdown reading boom October 27, 2020 Bloomsbury has reported its highest first-half profit in 12 years after the coronavirus lockdown sparked a steep rise in online book sales. The publishing house said pre-tax profit excluding the cost of acquisitions jumped 60 per cent to £4m in the six months to the end of August. This was ahead of the board’s expectations [...]
The Morgan Plus Four is old-school cool – with driving manners to match October 27, 2020 Driving a Morgan Plus Four demands a certain level of commitment. But on the right road, it rewards with good old-fashioned fun.
Too harsh or too generous? Rishi Sunak walks the job support tightrope October 27, 2020 Last Thursday, the chancellor gave his third economic statement in a month — U-turning on plans to replace the furlough scheme with a far less generous new Job Support Scheme (JSS) at the end of October. Instead, the JSS will now offer a level of government support almost as generous as that provided by the [...]
Brewdog targets £50m investment after beating initial funding goal October 27, 2020 Brewdog has set its sights on raising £50m by January in its last equity crowdfunding effort, after hitting its initial target of £7.5m in just six weeks. The craft brewer and bar operator launched its Equity for Punks Tomorrow programme on 10 September, reaching £1m in less than 48 hours. The money raised in this [...]
