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Theranos president Sunny Balwani convicted of fraud
Ramesh “Sunny” Balwani, the former president of Theranos, the US company that claimed to have revolutionised blood testing, has been found guilty of fraud.Balwani was convicted of misleading investors in what has been described as one of the biggest frauds in Silicon Valley history. After five days of deliberations, the jury in Balwani’s case in …
Business
Sky News
UK watchdog launches full inquiry into soaring fuel prices
Britain’s competition regulator has launched an in-depth study to examine concerns about soaring fuel prices.The Competition and Markets Authority will look at the differences between petrol and diesel prices in rural and urban areas, as well as the growing gap between the price of crude oil when it enters refineries and the wholesale price when …
Business
Sky News
Former FIFA president Sepp Blatter and ex-UEFA chief Michel Platini acquitted of corruption
Former FIFA president Sepp Blatter and former UEFA president Michel Platini have been acquitted of corruption by a Swiss court.Criminal proceedings were launched into the pair after a payment of two million Swiss francs (£1.7m) from FIFA to Mr Platini was uncovered in 2015. Mr Blatter, 86, was the head of FIFA – the world …
Business
Sky News
Premier League halts gambling sponsorship ban vote amid Westminster turmoil
The Premier League has postponed a vote on a voluntary ban on shirt sponsorship by gambling companies as the political crisis in Westminster threatens to delay crucial industry reforms.Sky News has learnt that the Premier League on Thursday emailed the 20 top-flight clubs, including Arsenal, Liverpool and Manchester United, to inform them that a deadline …
Business
Evening Standard
EDF chairman to step down as French Government seeks nationalisation
The chairman and chief executive of EDF Group the contructor of the £26 billion Hinkley Point C reactor in Somerset Jean-Bernard Lévy is to stand down from his post following the move by the French government to renationalise the energy giant.Lévy will depart the position “no later than 18 March” next year according to the …
Business
Evening Standard
FTSE 100: Markets rally as Johnson announces departure
The FTSE 100 continues to rally after Boris Johnson announced his departure.Over the three years of the PM’s reign, the leading index is down about 300 points overall, commentators note.Miners and banks led the charge, with Anglo American up 105p to 2735p, and Standard Chartered up 22p to 600p.FTSE 100 Live Thursday FTSE 100 rallied …
Business
Sky News
Champagne conditions expected to boost UK wine production as climate heats up further – study
Wine production could boom in Britain as the climate crisis transforms conditions to those similar in famous vineyard regions such as France’s Champagne and Burgundy, and Baden in Germany, a new study projects.Sparkling wine varieties such as Pinot Noir and Chardonnay will begin to reliably grow in a far greater area of England and Wales …
Business
Sky News
Hong Kong financial regulator Alder lined up to chair FCA
The long-serving boss of Hong Kong’s financial watchdog is the leading candidate to become the next chair of the UK’s Financial Conduct Authority (FCA).Sky News has learnt that Ashley Alder, who has run the Securities and Futures Commission (SFC) since 2011, has been in talks about taking over from Charles Randell, who left the City …
Business
Evening Standard
Sterling rises but the new PM ‘has a massive job on their hands’
Sterling rose on news of Boris Johnson’s resignation on Thursday, as business chiefs called for leadership and tax cuts to boost the UK’s faltering economy. Shortly after Mr Johnson’s resignation bombshell hit dealing screens in the City, the pound was up around half a cent against the dollar at $1.1972 before falling back slightly. The …
Business
Evening Standard
Sterling rises but the new PM ‘has a massive job on their hands’
Sterling rose on news of Boris Johnson’s resignation on Thursday, as business chiefs called for leadership and tax cuts to boost the UK’s faltering economy. Shortly after Mr Johnson’s resignation bombshell hit dealing screens in the City, the pound was up around half a cent against the dollar at $1.1972 before falling back slightly. The …
Business
Business Live
Keyline opens new branch in Great Barr
A supplier of civils and drainage materials has opened a new branch in Birmingham to support the growing number of major infrastructure projects in the region. Keyline has launched the new operation in Great Barr which it said would support rail and infrastructure projects in the West Midlands over the next three years. The three-acre …
Business
Business Live
Powys-based life sciences company CellPath sold to American firm
A Welsh life sciences company, which plays a crucial role in helping diagnose and treat cancer, has been acquired by a US firm. CellPath, based in Newtown, Powys, has been bought by Texas-based manufacturer of medical diagnostic equipment, StatLab Medical Products, an Audax Private Equity and Linden Capital Partners portfolio company. The value of the …

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