The claim they’re making is for damages reaching £1.1bn. The group is being represented in the court action by the British Independent Retailers Association (BIRA), which states that this is the biggest example in the history of collective legal action involving British retailers. The claim is to be filed on Friday at a tribunal in…
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The story began in 2015, when Supermac executives made their first move to register the chain’s name in the EU, with the idea of expanding from Ireland into mainland Europe. The American fast-food chain opposed this idea, claiming it would confuse consumers as the name is too similar to Big Macs. While MCD had the…
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This proposed exchange will offer a platform for the listing and trading of US equities and exchange-traded assets. TXSE’s founder and CEO, James Lee, indicated the Dallas-based group raised $120m through more than 24 investors, which included Blackrock, Citadel, and other noted business individuals. In a LinkedIn statement, he wrote: Texas’s booming economy and the…
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Active Super professed that it does not invest in organisations that notably threaten the environment. Based on the ASIC’s press release, Active Super had investments in gambling, oil tar sands, and coal mining companies at the time it made such marketing statements. The firms included SkyCity Entertainment Group Ltd (SKC.AX) and Pointsbet Holdings Ltd, ConocoPhillips…
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The share price issues came after new allegations that STAN carried out transactions that violated international sanctions. This twist in the case came to light when new court documents were filed in the US alleging the bank allowed transactions worth billions of dollars for known terrorist groups such as al-Qaida and the Taliban, as well…
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The Xeon 6 processor is reportedly faster and more power efficient than its forerunner, which enables it to effectively manage demanding data centres. To date, Intel has mostly hovered on the fringe of the global AI frenzy. This new chip is the firm’s attempt to compete with AI trailblazers such as Nvidia and AMD and…
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Monzo was launched in 2015 and has become the seventh-largest bank in the UK in recent years. With almost 10 million customers, Monzo has benefited from more customers depositing more funds with it, giving a pre-tax profit of £15.4m in the financial year ending in March, which was a huge improvement on last year’s pre-tax…
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This reportedly renewed the meme-stock fixation of 2021, which happens when a company’s shares peak in the wake of viral social media exposure. Gill’s post, which appeared on Sunday 2 June 2024, indicated that he had bought 5 million GameStop shares at $21.27 each. Should this be the case, Gill will be one of the…
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This Swedish green fintech, established in 2018, measures the carbon impact of regular spending activities. Based on CNBC data, S&P Global Inc. (SPGI) joined as an investor. Doconomy is also pillared by existing stakeholders such as Motive Ventures, PostFinance, and Tenity. Its collaborations include Mastercard, S&P Global, and the United Nations Framework Convention on Climate…
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A fall of almost 18% was registered on Friday despite DELL reporting an increase in revenue for the first time in two years. Expectations were high thanks to the current AI boom, so while the $22.6bn profits were better than the $21.6bn predicted and a 6.3% rise from last year, it wasn’t enough to convince…
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