UK economy shrank by record 10% in 2020
Yahoo Finance's Latoya Harding has the latest from London.
The Vedder Group was searching for a growth partner that offered proven growth catalysts and an advisor-first ethos.
Georgia’s state Senate is set to vote on a slate of legislation that would roll back voting access Monday, the deadline that bills must generally pass out of one chamber to remain alive for the session. Senate Bill 241 would limit absentee voting to people 65 and older, those with a disability and people who will be out of town on Election Day — ending broad no-excuse absentee voting introduced by the Republican-led legislature in 2005. The bill has faced pushback from some Republicans, including Lt. Gov. Geoff Duncan, who are uncomfortable with the idea of scraping no-excuse absentee voting entirely after more than a million Georgians used the option in November as the coronavirus pandemic raged.
A junior health minister was sent in place of the Health Secretary to respond to an urgent question from Labour.
(Bloomberg) -- Three more directors of Greensill Capital have resigned as the trade-finance company faces a fight for survival following the flight of its top backers.Chairman Maurice Thompson resigned alongside former MSCI Inc. Chief Operating Officer David Brierwood and Patrick Allin, according to company filings seen by Bloomberg. They join four other board members who have stepped down recently, among them the brother of founder Lex Greensill.Read more: Greensill’s Overnight Downfall Was Many Months in MakingA spokesperson for Greensill declined to comment. News of the departures was first reported by the Sydney Morning Herald.Greensill’s trade finance firm is teetering on the brink of insolvency after investors cut ties with him and the German regulator froze his bank in the country. The fall from grace has been swift for a now ex-billionaire with access to U.K. political circles and the counsel of former Prime Minister David Cameron.Read more: Greensill’s Top Client, Gupta Sees Key Cash Source EvaporateGreensill Capital is in talks for Athene Holding Ltd. to buy its operating company and continue to provide billions of dollars of funding to Greensill customers, according to people familiar with the matter. Assets linked to U.K. steel investor Sanjeev Gupta’s GFG Alliance have been excluded from the deal discussions, Bloomberg News reported on March 4.The European Central Bank is asking lenders in the region about any loans they have related to Greensill, according to a person familiar with the matter. The move is standard procedure and doesn’t reflect heightened concern at the watchdog, the Financial Times reported earlier. The ECB declined to comment.Greensill’s efforts to disrupt a niche part of global finance were derailed when credit insurance backing some of his firm’s loans lapsed, eventually forcing Credit Suisse Group AG to freeze a $10 billion group of client funds that bought the debt. The Swiss bank said on Friday it will close the funds down.Greensill’s supply chain finance firm relied on those funds as buyers of the debt securities it issues. The company is also facing a criminal probe of its German banking subsidiary after regulator BaFin found that Greensill Bank AG had improperly accounted for assets of its biggest customer, GFG Alliance.Greensill has said that it received “extensive advice,” from law firms in the U.K. and Germany, “which informed the way in which the assets were classified.” The company immediately complied after BaFin advised it late last year and early this year that it didn’t agree with its accounting, according to Greensill.(Corrects to show Brierwood is former COO in second paragraph)For more articles like this, please visit us at bloomberg.comSubscribe now to stay ahead with the most trusted business news source.©2021 Bloomberg L.P.
Desperate times call for desperate measures, and Newfoundland and Labrador skip Greg Smith was open to anything with his rink down 7-1 to Nova Scotia at the Brier.
The "Overview of the 2021-2023 U.S. Transmission and Distribution Equipment Market: Transformer Series" report has been added to ResearchAndMarkets.com's offering.
Prime minister is reluctant to speed up the lifting of lockdown.
Harry criticised the tabloid press during his interview with Oprah Winfrey.
Funko, Inc. (NASDAQ: FNKO), a leading pop culture consumer products company, announced today that its Funko EMEA division has been awarded ‘Licensee of the Year’ at the 2021 Licensing International France Awards. The annual event was held virtually and brought together 250 global licensing industry executives.
An unprecedented sixth successive defeat Anfield defeat, this time by relegation-threatened Fulham on Sunday, marks not only their worst-ever run at their former fortress, but has put a top four finish in doubt as their collapse from the leading team in the land has been fast and furious. Simon Gleave, head of sports analysis at Nielsen's Gracenote, says Liverpool are the only club in Europe’s top five leagues not to have picked up a point at home in their last six matches, and are 89th out of 98 clubs for their overall record in the previous half dozen games. Not including penalties and own goals, they have failed to score with any of their last 115 shots at Anfield in the Premier League.
Douglas Ross suggested the Tories and Labour could combine to keep the SNP out of power but the Labour leader described him as ‘largely irrelevant’.
Everything you need to know ahead of the evening meeting of two clubs chasing Champions League football
The Board of Directors of Kvika banki hf. (“Kvika” or “the Company“) has, since the last meeting of the board, reviewed 1 notification from a holder of subscription rights on shares in the Company, amounting to a total nominal value of ISK 4,000,000, for exercising of the rights. The notification is from a holder of subscription rights issued and sold in the year 2017 in accordance with Temporary Provision IV of Kvika‘s Articles of Association. The notification includes exercising of rights for 4,000,000 new shares for the price per share of 6.91. Thus, the purchase price for the new shares is ISK 27,640,000. Pursuant to contracts regarding the issuance of subscription rights, the Board of Directors is obliged to raise the share capital to fulfil its obligations regarding the rights and issue share capital, register the holders of the rights in the share registry and ensuring their registration as the holders of the rights in the central securities depository, cf. Act no. 7/2020 on central depository system, settlement and the electronic registration of rights of title to financial instruments. The Board of Directors today exercised its authority according to Temporary Provision IV of the Company’s Articles of Association to increase its share capital for the purpose of fulfilling the aforementioned subscription rights. The Company’s share capital will therefore be increased by ISK 4,000,000 and will, after this increase, amount to a nominal value of ISK 2,186,717,495, with the issuance of new shares. As a result of the above, the board‘s authorisation to increase share capital will be for a nominal value of ISK 313,443,379 in accordance with Temporary Provision IV. The share capital increase shall be announced and registered by the register of undertakings of the Directorate of Internal Revenue. The new shares shall be issued by the Nasdaq central securities depository and a request will be made for listing of the shares on the Main Market of Nasdaq Iceland. This announcement is in accordance with the procedure introduced in the Company’s announcement from 19 September 2019.
Everything you need to know ahead of the evening meeting of two clubs chasing Champions League football
Damning findings by immigration and prisons watchdogs reveal ‘inadequate’ support for residents who self-harmed at military site and litany of failings by Home Office to comply with guidance and recognise risks
AVANGRID, Inc. confirmed BOEM issued the Final Environmental Impact Statement for Vineyard Wind 1.
Dollar Tree (NASDAQ: DLTR) adds $2 billion to its stock buyback plan. In this episode of MarketFoolery, join host Chris Hill and Motley Fool analyst Emily Flippen as they discuss those stories, plus fuboTV's (NYSE: FUBO) 300% rise over the past year (and 15% drop today). To catch full episodes of all The Motley Fool's free podcasts, check out our podcast center.
Fukushima 50 review – Ken Watanabe in simmering tribute to power-plant heroes. There’s a touch of Hollywood in this dramatised account of the 50 workers who stayed at Fukushima Daiichi in an attempt to avert catastrophe
Did you solve it? We are (puzzle) family. I got all my solutions with me
Red riding hood, the beauty and the beast... Maria Grazia Chiuri brings a dusting of magic to Paris Fashion Week