Britney Spears’ father files to end controversial conservatorship after 13 years September 8, 2021 Britney Spears’ father has filed papers in a Los Angeles court to unexpectedly terminate the conservatorship that has controlled the singer’s life for 13 years. The singer, who is 39, has unsuccessfully sought to remove him from the role twice in the last two years. But now Jamie Spears wrote that his daughter “is entitled [...]
The SEC to sue Coinbase over proposed lending product September 8, 2021 The US Securities and Exchange Commission has notified Coinbase, the country’s most popular crypto exchange, of its intention to sue. The SEC has served Coinbase with a Wells notice, an official document alerting a company to the start of court proceedings, over its plans to launch the Lend programme. Lend is marketed as a high interest [...]
Auto Moves: Ford poaches Apple car project lead Doug Field September 8, 2021 The leading vice president behind Apple’s car project, Doug Field, has reportedly been poached by rival car manufacturer Ford. Field, a veteran in the automotive industry, most recently served as vice president of special projects at Apple and was formerly senior vice president of engineering at Tesla. Set to lead Ford’s software and connectivity strategy, [...]
Credit Suisse names new compliance chief after Greensill and Archegos scandals September 8, 2021 Credit Suisse has named Rafael Lopez Lorenzo as its new chief compliance officer less than six months after several senior executives left the bank, which is still recovering from the twin scandals of Archegos Capital Management and Greensill Capital. From 1 October Lorenzo, who is currently the head of group internal audit, will take over from [...]
Federer-backed shoemaker aims for $6bn valuation from New York float September 8, 2021 A shoemaking company backed by Swiss tennis star Roger Federer is aiming for a valuation of more than $6bn in its upcoming US float. The company, known as On, filed for an initial public offering (IPO) in the States in late August, after its net sales jumped by 85 per cent in the first half [...]
Does the IPCC report change anything? September 8, 2021 The Intergovernmental Panel on Climate Change (IPCC) has published its sixth assessment report (AR6) this week. It has captured headlines around the world, and sets a sobering backdrop in the run-up to COP26, which will bring global leaders together to agree the next leg of global action to tackle the defining challenge of our era. [...]
Intel to inject up to €80bn into its chip making capabilities amid drought September 8, 2021 Technology heavyweight Intel is looking to invest as much as €80bn into shifting its focus onto bolstering its chip making capacity, amid a global shortage. Semi-conductor chip supplies, which are used in a wide variety of electrical products, have dwindled during the pandemic. But Intel’s boss, Pat Gelsinger, said the company is due to announce [...]
Halfords sales grow 18.7 per cent in two years September 8, 2021 Halfords, the UK’s leading provider of motoring and cycling products, saw year on year sales growth of 10.5 per cent despite supply chain disruption. In the first 20 weeks of the year, sales were driven predominantly by interest in motoring, which saw like for like growth of 52.1 per cent and picked up the slack [...]
Morrisons goes to auction: Fortress and CD&R escalate bidding battle September 8, 2021 The bidding battle over supermarket giant Morrisons has escalated, and appears to be heading for a conclusion after the supermarket confirmed it was headed for auction. Private equity bidders Fortress and Clayton, Dubilier & Rice have spent the past two months outbidding each other in an attempt to acquire what many analysts believe is an [...]
Shakespeare on advertising: Wetherspoons beer shortages hit public perceptions September 8, 2021 Cut-price pub chain JD Wetherspoon was in the news recently following reports that supplies of Heineken, Carling, and Coors have run out in some of its locations across the UK. While some have argued that Brexit has impacted supply chains, company founder Tim Martin has attributed the issues to the ongoing COVID-19 pandemic. Whatever the [...]
