M&S on the verge of a FTSE 100 comeback November 10, 2021 Marks & Spencer is closing in on a return to FTSE 100, with the retailer ranking 110th on this evening's close.
Tory MP moonlighting as packaging lobby chair tried to soften environmental laws on plastic November 10, 2021 A Tory MP that makes £30,000-a-year as chairman of a packaging lobby group has spoken on multiple occasions in parliament in favour of watering down environmental laws to favour plastic producers. Rugby MP Mark Pawsey spoke twice in the House of Commons since starting in the role to voice his concern about the effect of [...]
Coinbase shares tumble as Q3 financials disappoint November 10, 2021 Coinbase shares are down by 8.5 per cent today after third quarter revenue came in beneath industry estimates. The Nasdaq-listed crypto exchange reported revenue of $1.2bn in Q3, a sharp drop compared to the $2bn made in the previous three months and well below estimates of $1.6bn predicted by Factset. Sluggish market conditions over Summer [...]
Brussels gives City firms extension on clearing deadline November 10, 2021 Brussels has yielded to demands from City firms to allow them to continue to provide a crucial service that keeps financial markets well oiled. The European Union has given British financial institutions more time to provide crucial clearing services to clients in the bloc. The extension was granted due to a lack of capacity within [...]
UK Supreme Court blocks £3bn data privacy claim against Google November 10, 2021 The UK’s Supreme Court has voted down a £3bn lawsuit which would have seen 4.4m Brits compensated for data breaches by tech giant Google. The action led by former Which? director Richard Lloyd, supported by the campaign group Google You Owe Us, fought to bring a “representative action” against Google after it “illegally misused the [...]
KPMG faces £15m fine over Quindell audit November 10, 2021 Accounting giant KPMG could be confronted with a £15m legal claim from insurance outsourcer Quindell, according to reports. Quindell, now known as Watchstone, is preparing to file claims against the Big Four firm, alleging that it suffered losses of up to £15m from KPMG’s audit in 2013, according to Financial News, which first reported the [...]
Johnson calls on world leaders to close deal in final hours of Cop26 as talks appear to stall November 10, 2021 Boris Johnson has called on world leaders to “pick up the phone” to their negotiators at the Cop26 summit and push for a deal on stricter global climate change targets as he admits talks are “getting tough”. Johnson said during a press conference today that negotiations “hang in the balance”, while adding that momentum from [...]
Ride-hailing firm Gett agrees $1bn SPAC merger with Rosecliff November 10, 2021 Ride-hailing firm Gett enters into a business combination agreement with SPAC Rosecliff Acquisition, valued at $1.1bn.
London grocery delivery app Dija snapped up by rival GoPuff November 10, 2021 London-based grocery app Dija has reportedly been sold to larger rival GoPuff amid fierce competition in the UK’s nascent rapid delivery market. The startup is set to announce the sale tomorrow, just five months after it launched, Sky News reported. While details of the deal will not be disclosed, the takeover will reportedly value Dija [...]
Zebra Power enters administration November 10, 2021 Zebra Power (Zebra) has entered administration, appointing PwC to guide the process. The energy retailer supplied gas and electricity to approximately 15,000 domestic consumers before it ceased trading earlier this month. Its stranded customers have been designated by Ofgem to British Gas through its supplier of last resort process. The company is headquartered in Manchester [...]
