Court brings £14bn Mastercard mega-claim back to life April 16, 2019 A £14bn class action against Mastercard has been revived after the Court of Appeal reversed an earlier decision to have the claim dismissed. Three judges found that the case, led by the former financial ombudsman Walter Merricks, could be reheard for certification in the Competition Appeal Tribunal (CAT), which ruled in 2017 that the claim [...]
Volkswagen to build Tesla-style gigafactories as it ramps up electric car production April 15, 2019 Volkswagen is pushing its electric battery suppliers to build factories with at least one Gigawatt manufacturing capacity, according to its chief executive. Read more: Panasonic reviews plans for expansion of Tesla Gigafactory Joint venture partners such as South Korean firm SK Innovation (SKI) would need to build a so-called gigafactory because “anything below that amount [...]
Another chapter ends in the surreal adventures of Julian Assange April 12, 2019 It is false and defamatory to suggest that Julian Assange lives, or has ever lived, in a basement, cupboard, or under the stairs. The same applies to suggesting that the Wikileaks co-founder filed a lawsuit against Ecuador over laundry, used a skateboard in the Ecuadorian embassy, or failed to look after his cat. And so, [...]
Raising the bar: Beer firm Brewdog kicks off sixth fundraising round with £1m prize draw April 8, 2019 Brewery chain Brewdog is to launch a sixth fundraising round, which features a prize draw to win £1m worth of shares in the firm. The firm announced the equity fundraising at its general meeting last week, which comes in a bid to raise £7m and expand its shareholder base to 200,000 people. Read more: Brewdog [...]
Where Huddersfield Town rank among the five worst teams in Premier League history March 28, 2019 Huddersfield's relegation from English football's top tier could be confirmed this weekend. But where do the Terriers rank among the worst teams ever to play in the Premier League? 5. Sunderland 2002-03: 0.50 Points per game The fifth worst team in Premier League history, this Sunderland side took just 19 points from their 38 matches. Under [...]
Social media content creators The Hook explain how to make great online video March 25, 2019 Video is big business in marketing. A good video can be the difference between success and failure. After all, as Bill Gates said, content is king. Brands love video content because it is seen as more intimate and informative than just posting a picture or a wall of text. And they’ve been spending more and [...]
Thin Cats launches £100m funding programme for private equity backed SMEs March 18, 2019 Fintech lender Thin Cats has launched a £100m funding programme for private equity backed small and medium businesses in the UK. The loan provider is aiming to help private equity backed companies fund larger sized deals up to £15m. Read more: Oneweb lands $1.25bn in funding after successful satellite launch Recently the firm has provided [...]
Vegan sausage rolls and a Nandos uniform: 25 weird items people left in their Uber rides March 12, 2019 A Nandos uniform, a painting of the Last Supper, a tooth and a Gregg's vegan sausage roll are just some of the items that British passengers have left behind in Uber cars in the last year. While some witty Brits simply reported leaving behind their dignity and pride in an Uber – presumably after [...]
Activist investor strikes upbeat tone as Just Eat interim boss rules himself out of the race March 6, 2019 A major Just Eat shareholder who has pressed the company to merge with a rival today welcomed the takeaway giant’s interim boss decision to rule himself out of the race for a permanent chief executive. Activist investor Cat Rock Capital Management, which owns a 1.7 per cent stake in Just Eat, said today that it appreciated Peter [...]
Just Eat shares fall on 2019 outlook despite jumps in profit and revenue March 6, 2019 Just Eat scored huge boosts to profit and revenue in 2018 to relieve shareholder pressure to merge with a rival, it revealed today, but warned losses will impact 2019 earnings. The figures Profit before tax rose to £101.7m after a loss of £76m in 2017. Revenue rose 43 per cent year on year to £779.5m, [...]