PayPal in talks to buy Pinterest October 20, 2021 Payments behemoth PayPal Holdings is in talks to buy digital pinboard site Pinterest. The companies have discussed a potential price of $70 per share, according to Bloomberg News. This would value Pinterest at around $39bn. The price would represent a 26 per cent premium to Pinterest’s closing price of $55.58 on Tuesday. PayPal’s shares were [...]
RAC warns petrol retailers to not “contribute further” to pump price crisis October 20, 2021 RAC has accused petrol retailers of taking “a bigger cut” on petrol, after prices at the pumps rose to a nine-year high. The motoring group urges them not to “contribute further” to the soaring prices which have now breached 141p per litre for petrol and 144p for diesel. This is close to the record tallies [...]
Boris Johnson considers calls from Tory MP to legalise magic mushroom drug October 20, 2021 Prime Minister Boris Johnson has told Tory MP Crispin Blunt he will look at the latest advice on the legalisation of psilocybin. The psychedelic drug is found in magic mushrooms. Blunt has urged Johnson to review the law to allow more research into the drug’s potential to provide treatment for depression, trauma and addiction The [...]
Met Police: Officers to use video calls to verify themselves to lone women October 20, 2021 Plain-clothes police officers stopping lone women will be able to confirm their identity through a video call, says Commissioner Dame Cressida Dick. The commissioner told the police and crime committee at City Hall that she will soon be launching the “Safe Connection” initiative. The initiative will allow plain clothes officers to verify themselves via video [...]
Squid Game’s record success boosts Netflix subscriber numbers October 19, 2021 Netflix has smashed subscriber expectations following the record success of South Korean hit series “Squid Game”. The streaming service now expects to add 8.5 million paid subscribers in the next quarter, beating the 8.33m forecast made by analysts. Squid Game’s debuted on 17 September and became the streaming service’s most-watched original series in its first month. [...]
Procter & Gamble hikes prices further as freight costs continue to bite October 19, 2021 Procter & Gamble (P&G) will raise the prices of some of its grooming, oral and skin care products in the U.S. The consumer goods company will apply the increases to specific items such as razors alongside some sub-categories. The price hikes are to counter higher commodity and freight costs that are expected to take a [...]
FCA fines Credit Suisse over £147m for ‘tuna bond’ loan failures in Mozambique October 19, 2021 Credit Suisse has been fined over £147 million by the Financial Conduct Authority (FCA). The investment bank has been punished for serious due diligence failings involving two loans worth over $1.3bn and a bond exchange arranged for the Republic of Mozambique. The fine settles a long-running US probe into Credit Suisse’s role in the Mozambique [...]
Southeastern and South Western passengers cleared to make £93m compensation claim October 19, 2021 Rail passengers are free to seek compensation for overcharging by Southeastern and South Western rail franchises. London’s specialist competition court has ordered that the claims, issued on behalf of millions of rail passengers, can now proceed to trial. The Competition Appeal said that both rail franchises failed to make ‘boundary fares’ sufficiently available to consumers. [...]
London Science Museum agrees coal producer sponsorship October 19, 2021 London’s Science Museum has pushed ahead with plans to pursue sponsorships from oil and gas companies. The institution has struck a deal with a subsidiary of Adani Group, which has coal mining operations in India, Indonesia and Australia. The group’s wind and solar energy arm Adani Green Energy will be the title sponsor of the [...]
Scottish Power: energy price cap not working October 19, 2021 The UK’s energy price cap is not working and the country is now paying the price, argues the boss of Spanish energy giant Iberdrola. Ignacio Galan, chief executive of Iberdrola, which owns Scottish Power, believed that the price cap is a short-term solution to protect consumers that has caused long-term damage to the market. He [...]
