JD Sports has acquired Footasylum for £90 million. The Competition and Market Authority (CMA) is a government department in the UK which primarily evaluates if mergers may diminish competition among businesses. Currently, it is investigating if JD Sports’ acquisition of Footasylum will lead to a “substantial lessening of competition” in the UK.
In early September the retailer Marks & Spencer (M&S)’s share price fell below the required threshold to remain a part of the FTSE 100 for the first time since the inception of the index in 1984.
Unemployment levels in the UK fell in the three months between May and July to a 45-year low. Wage growth has been accelerating, with monthly wage growth above 3% since September 2018. Such growth has not been experienced since the financial crisis.
The French finance minister, Bruno Le Maire, said France will block the development of Facebook’s Libra cryptocurrency in Europe until the concerns over the risk to consumers and the government’s monetary sovereignty were addressed.
The London Stock Exchange has rejected Hong Kong’s £38 billion takeover bid.
Vegan products are transforming British brands with more companies looking into vegan products and meat-free alternative for consumers.
On 11 September 2019, the Scottish Court of Session ruled that the Prime Minister’s prorogation of Parliament for a period of 5 weeks between 9 September 2019 and 14 October 2019 was unlawful. The Government’s appeal against this decision was heard in the Supreme Court last week. At the same time, the Supreme Court also considered an appeal from a challenge made in the English High Court in which it was held the matter was non-justiciable. On 24 September 2019 the Supreme Court unanimously upheld the decision of the Scottish Court, rejected the decision of the English High Court and found the prorogation unlawful.
On Wednesday 18th September the Governor of California signed into law “Assembly Bill 5” (AB5) which provides a new test for worker classification. This means that many independent contractors will now be considered employees and will therefore be entitled to employee benefits such as sick pay, minimum wage, and holidays.
Magic circle titan Linklaters has revolutionised how its UK and Asia training contract and vacation scheme hopefuls apply to the firm, placing technology at the heart of their new recruitment strategy.
University researchers’ efforts with 5G now allow data to be transmitted to a driverless car nearly 40 times faster than what fixed-line broadband speeds would allow.