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Investors starting to question firm’s governance and profitability a year after its £5.4bn flotation Last modified on Fri 15 Oct 2021 15.11 EDT A year ago the Hut Group was celebrating a £5.4bn stock market flotation, with its musclebound boss Matt Moulding banking an £830m share bonus. This week the Manchester-based group, which owns the online retail sites Lookfantastic, Glossybox, […]
Read moreThe U.S. Labor Department will shortly issue an emergency rule to require all employers with more than 100 employees under them, whether they work for the federal government or not, to ensure their workers are fully vaccinated or face testing at least once a week. This Labor Department vaccination requirement will cover 100 million Americans, about two thirds of the […]
Read moreNow things are really getting messy. Netflix has today fired a long time employee who leaked confidential financial information in response to the streamer’s launch of Dave Chappelle’s controversial The Closer special on October 5. “We have let go of an employee for sharing confidential, commercially sensitive information outside the company,” a Netflix spokesperson said Friday.”We understand this employee may […]
Read moreAviation regulator DGCA has temporarily suspended SpiceJet’s licence for the transportation of ‘dangerous goods’ for alleged violations, according to sources. The suspension is for 30 days, and during this period, SpiceJet will not be allowed to carry dangerous goods, including lithium-ion batteries, on its domestic as well as international flights, the sources told PTI on Friday. When contacted, a SpiceJet […]
Read moreWith traders digesting the Labor Department’s closely watched monthly jobs report, stocks have shown a lack of direction in morning trading on Friday. The major averages have spent the morning bouncing back and forth across the unchanged line. Currently, the major averages are posting modest losses. The Dow is down 8.48 points or less than a tenth of a percent […]
Read moreVirgin Galactic stock plunged in trading on Friday after the company said it would delay any spaceflights to next year. The space tourism company is beginning a refurbishment process on its vehicles that is expected to take eight to 10 months, with completion anticipated between June and August. Bank of America lowered its price target for Virgin Galactic to $20 […]
Read moreButterball, LLC recalled about 14,107 pounds of ground turkey products for potential contamination with foreign materials, specifically blue plastic material, the U.S. Department of Agriculture’s Food Safety and Inspection Service (FSIS) said in a statement. This is classified by the FSIS as a Class I recall, which indicates “a health hazard situation where there is a reasonable probability that the […]
Read moreThe indictment accuses Mark A. Forkner of giving the FAA false and incomplete information about an automated flight-control system that played a role in the crashes, which killed 346 people. Prosecutors said that because of Forkner's "alleged deception," the system was not mentioned in key FAA documents, pilot manuals or pilot-training material supplied to airlines. The flight-control system automatically pushed […]
Read moreCar owners are familiar with that dreaded feeling when the “check engine” indicator lights up on the dashboard display. It could be a minor issue, such as a loose gas cap, but it could also be something serious, like cylinder misfires that can do costly damage to the engine if left unattended. Engine problems can also decrease mileage efficiency and […]
Read moreThe U.S. is reporting an average of about 362,000 boosters administered per day over the past week, 57% higher than the 231,000 average daily first doses. About 8.9 million boosters overall have been administered as of Wednesday, covering 4.7% of all fully vaccinated Americans and more than 12% of the immunized 65 and older population. A key FDA advisory panel […]
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