Michael Gove’s racist and sexist comments exposed by leaked recordings September 14, 2021 Senior conservative politician, Michael Gove, made racist, sexist and classist comments during university debates, leaked recordings have revealed. In shocking audio clips, Gove can be heard using a racist slur and praising the effect of the British empire on its subjects, saying it “took fettered foreigners and turned them into gentlemen.” In the leaked clips, [...]
Keir Starmer to promise new deal for workers under a Labour government September 14, 2021 Sir Keir Starmer will pledge to deliver a “new deal for workers” under a future Labour government after facing criticism that he lacks vision. The labour leader will announce a policy to enforce full rights and protections for all workers from day one in a job at a meeting of the Trade Union Congress today. [...]
Made.com sees sales jump but still turns a loss in H1 2021 September 14, 2021 Homeware retailer Made.com saw gross sales jump by 54 per cent in the first half of the year, but the company struggled to balance the books. While sales topped £213.9m the company’s loss before tax stood at £10.1m, a 34 per cent improvement on the first half of 2020 when Made.com lost £15.2m. EBITDA climbed [...]
Fake news: Walmart confirms it is not partnering with Litecoin September 14, 2021 The price of Litecoin soared 34 per cent in a matter of hours before crashing down to Earth when news of a partnership with Walmart turned out to be false. Yesterday, a press release distributed by GlobeNewswire, which was reported on in Reuters, Bloomberg News and CNBC, claimed that Walmart would accept Litecoin payments in [...]
FTSE 100 and 250 fall flat as mining stocks drag September 14, 2021 The FTSE is down 0.48 per cent today at 7,034.42, falling by 33 points compared to yesterday’s close as mining stocks spurred losses. Industrial and energy mining companies dragged the index down. Evraz is down 4.12 per cent, Anglo American PLC shed 3.1 per cent while mining giant BHP dropped 2.6 per cent. Amid continued [...]
Morgan Stanley to launch new crypto research team led by Sheena Shah September 13, 2021 Morgan Stanley has said that Sheena Shah, a leading currency analyst, will head up a new team that researches crypto assets. A spokesperson for the company confirmed to CityAM that Shah’s team will be based in London and research cryptocurrencies’ impact on both equities and fixed income worldwide. Shah has worked at the company [...]
Coinbase to raise over £1bn through bond sale September 13, 2021 Coinbase, the world’s fifth largest crypto exchange by trade volume, has announced plans to raise $1.5bn (£1.08bn) through a debut bond offering. The company said it will offer Senior Notes, a type of bond which carries a low degree of risk, which will be due in 2028 and 2031 as part of a private sale. [...]
Epic Games to appeal ruling in Apple case September 13, 2021 Epic Games, the company behind Fortnite, has announced it will appeal a US court ruling which judged Apple’s controversial app store fees do not break monopoly laws. Epic Games accused Apple of creating a monopoly after its developers were kicked off the app store for flouting payment rules which allow the tech giant to siphon [...]
S4 Capital raises revenue predictions for third time this year September 13, 2021 S4 Capital, a digital advertising company led by Sir Martin Sorrell, has revised its annual revenue predictions upwards after intake climbed 56 per cent in the first half of the year. Revenue stood at £279.3m for the six months ending April 30, up 98 per cent compared to the same period in 2020 while operational [...]
Traffic Chaos: M25 blocked by climate protestors during rush hour September 13, 2021 Frustrated drivers were seen clashing with climate protestors after a demonstration brought traffic on the M25 to a standstill during rush hour. Tens of thousands of motorists trying to use the UK’s busiest motorway were delayed by activists from Insulate Britain this morning who sat in the road holding banners. The group is calling on [...]
