Sports Direct set for Game Digital takeover after securing shareholder backing July 9, 2019 Sports Direct said today that it has wrapped up enough support for its takeover offer of Game Digital, paving the way for Mike Ashley’s latest high street acquisition. The retailer has said its offer for Game Digital is now unconditional, as its own 38.5 per cent stake and backing from other shareholders takes its support [...]
Qualcomm braced for second EU antitrust fine July 18, 2019 US chipmaker Qualcomm is said to be facing a second fine from EU competition regulators for blocking a rival from the market more than a decade ago. The EU competition commission opened a probe into the company in 2015 for its alleged use of “predatory pricing” designed to force out UK rival Icera between 2009 [...]
Graduate given £60,000 in settlement over ‘Mickey Mouse’ degree June 2, 2019 A former university student who blasted her qualification as a “Mickey Mouse” degree has been given more than £60,000 in an out-of-court settlement. Pok Wong, who graduated in business studies in 2013, claimed victory in a Facebook post, the BBC reported, as she settled with the Anglia Ruskin University’s insurer. However, the university hit back [...]
US Supreme Court rules against Apple in App Store antitrust dispute May 13, 2019 The US Supreme Court today gave the green light to a lawsuit on behalf of consumers, which accuses Apple of creating a monopoly on iPhone apps and forcing users to overpay with high commission fees. In a 5-4 ruling, the Supreme Court upheld a decision to allow the class action to proceed. The customers argued Apple's [...]
This Veganuary, I’m trusting people to eat what they want January 10, 2020 Welcome to January, the month of new year’s resolutions. Dietary transformation has always been central to the post-Christmas madness — eating “better” is probably the most cliched resolution there is. But whereas this used to be framed primarily in terms of weight loss, with fads like intermittent fasting and protein shakes taking centre stage, in [...]
Bayer considers appeal after losing weedkiller case in France April 11, 2019 German chemicals giant Bayer could appeal a French court's decision that one of its weedkillers damaged a farmer's health. A court in Lyon found for Paul Francois, who he had suffered from fainting, headaches and memory loss after inhaling weedkiller Lasso in 2004. Read more: Bayer shares tumble after weedkiller cancer verdict However, Francois will have [...]
McAfee sues Dixons Carphone over alleged breach of software contract August 18, 2019 Cybersecurity firm McAfee has sued Dixons Carphone over claims the retailer breached a contract to promote its software and instead marketed products made by one of its rivals. McAfee has alleged that Dixons failed to honour an agreement to exclusively promote its products in its stores, which it said will cost the company more than [...]
Activist Icahn sues Occidental over ‘misguided’ $55bn for rival Anadarko May 30, 2019 One of the world’s most famous activist investors is suing Occidental Petroleum over its $55bn (£44bn) takeover of rival Anadarko claiming the bid was too expensive, it was revealed today. Carl Icahn, who has a $1.6bn stake in Occidental, said it should have looked to sell itself instead. Read more: Chevron drops out of $38bn [...]
Muddy Waters accuses Burford Capital of deceiving investors August 27, 2019 Shortseller Muddy Waters blasted litigation funder Burford Capital again today, saying the company “is not worthy of an Aim listing, let alone a US one”. The shortseller’s first attack on Burford earlier this month wiped 40 per cent from the company’s share price. Today Muddy Waters reiterated its criticism of Burford’s conduct in relation to [...]
Advertising data platform Near raises $100m to fuel global expansion July 16, 2019 Advertising tech platform Near has secured $100m (£80m) in funding from a London-based private equity firm as it looks to expand its global presence. Read more: Competition watchdog launches probe into tech giants over digital advertising dominance The Singapore-headquartered ad firm said its new funding round, which comes from Greater Pacific Capital (GPC), will also [...]