It’s Tesla’s make or break time: Here’s what you need to know before tonight’s results | City A.M. August 1, 2018 Investors are waiting with bated breath to see what Tesla brings out in its second quarter earnings report tonight, as the company nears its make or break deadline. If you’ll be looking out for the results as markets close in the US, here’s what we think you might want to know about. Legal issues It [...]
Serious Fraud Office increasingly asking firms to hand over data without court approval September 17, 2018 Big businesses are increasingly being asked to hand over information for investigations to the Serious Fraud Office (SFO) without the government agency going through the courts for approval, according to a report out today. International law firm Pinsent Masons said the number of 'Section 2' notices issued by the SFO has more than doubled in the past [...]
Serious Fraud Office increasingly asking firms to hand over data without court approval September 17, 2018 Big businesses are increasingly being asked to hand over information for investigations to the Serious Fraud Office (SFO) without the government agency going through the courts for approval, according to a report out today. International law firm Pinsent Masons said the number of 'Section 2' notices issued by the SFO has more than doubled in the past [...]
Tech giants Facebook and Google already sued under new GDPR law May 26, 2018 Tech titans Facebook and Google had already been sued under the new General Data Protection Regulation (GDPR) which came into force yesterday. Privacy campaign group Noyb issued lawsuits yesterday against Google, Facebook, WhatsApp and Instagram over “forced consent”. Read more: GDPR can rebuild trust in businesses plagued by high-profile scandals Noyb filed a claim against [...]
Deloitte boosts partner profits as revenue hits £3.58bn August 28, 2018 Audit giant Deloitte handed its partners an average of £832,000 for the year ended 31 May, a 0.6 per cent year-on-year increase, it said today. Deloitte grew revenue 5.9 per cent to £3.58bn, marking its eighth consecutive year of growth. Read more: Former Arsenal shareholder settles lawsuit with Deloitte and Linklaters Its audit and risk advisory business grew [...]
Lloyd’s of London points out booze and drugs exemptions as it hits back at Kanye West’s $10m lawsuit with a counter-claim August 31, 2017 Members of the Lloyd’s of London insurance market have filed a legal challenge to Kanye West’s claims he was owed $10m for the cancellation of last year’s Saint Pablo tour, according to reports. In a counterclaim filed with a Los Angeles federal court yesterday, Lloyd’s syndicates said West’s Very Good Touring Inc had failed to [...]
Tesla shares fall as analysts cast doubt on Model 3 profitability August 17, 2018 Tesla's share price slumped as much as eight per cent in trading today, after a note was published this afternoon expressing concern over the fate of its Model 3 sedan. UBS analyst Colin Langan said Tesla's Model 3 will fail to produce better profit margins than a standard BMW sedan due to miscalculations on manufacturing costs. [...]
Elon Musk launches fresh attack on British diver over ‘pedo’ comment August 29, 2018 Tesla chief executive Elon Musk has revisited his earlier controversial comments in which he called a British diver helping out in a rescue effort for a group of young Thai footballers a paedophile. In the midst of a Twitter spat last night regarding his interview with the New York Times at the beginning of this month, [...]
Tesla shares rise as Musk takes a back seat and Morgan Stanley joins the rumoured Tesla adviser list August 21, 2018 Tesla's share price rose as much as five per cent in early trading today after Morgan Stanley hinted at its possible involvement in discussions surrounding a transaction to take the company private. The brokerage today removed its rating and suspended equity coverage on Tesla, signalling a potential move to join Goldman Sachs as an adviser [...]
Tesla can’t afford Elon Musk’s eccentricities August 27, 2018 In the late hours of Friday night, Elon Musk published a blog post that brought to an end a three-week period of intense speculation and investor confusion. The billionaire Tesla founder declared that, having discussed the matter with his board, taking the company private “would be even more time consuming and distracting than initially anticipated.” [...]