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Uber did it, Deliveroo did not

Earlier this year, the UK Supreme Court has ruled that Uber drivers are ‘employees’, eligible to receive minimum wage and holiday pay (further discussed here). And now, Deliveroo riders tried to argue the same, but their ‘self-employed’ status was upheld by the Court of Appeal. Deliveroo riders have been trying since 2017 to unionise and …

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ASOS Strikes £295m Acquisition Deal with Failed Retail Group Arcadia

clothing store, shop, boutique

ASOS strikes £295m deal to buy four brands from the failed retail group Arcadia. ASOS is buying the Topshop, Topman, Miss Selfridge and HIIT brands but not their shops. The acquisition will be set out in two parts – ASOS is paying £265m for the brands and a further £30m for the stock. The acquisition …

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Reddit vs Wall Street: Meme Stocks and Market Manipulation Kick off 2021

Here’s how the GameStop saga began and what could happen next… The Reddit campaign that fuelled Wall Street chaos On January 13, a Reddit forum called WallStreetBets began boosting GameStop stocks. The campaign, led by Redditors, aimed to champion the cause of retail investors and teach Wall Street a lesson by pushing up shares that short …

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What Does Suez Tell Us About Modern Trade

In 1956 the closure of the Suez Canal resulted in international trade being brought to a standstill. The importance of Suez as a link between the Middle East, Africa and Asia meant that the global economy was reliant on vessels being able to pass through freely. In 1956 two thirds of the oil used by …

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Theranos Founder Elizabeth Holmes loses bid to dismiss criminal charges

lab, experiment, test

Theranos Founder Elizabeth Holmes loses bid to dismiss criminal charges. A federal judge has denied requests to dismiss the criminal charges filed against Holmes and former top executive Ramesh “Sunny” Balwani in connection with their blood-testing start-up. Holmes went to trial on March 9th, facing charges that she and Balwani defrauded investors and deceived patients …

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Snapshot Update: Latham & Watkins leads on Airbnb $3.5bn IPO

Airbnb’s initial public offering was the largest US IPO of 2020, with stock values doubling their predicted $68. Despite facing disappointing figures in the first two quarters of 2020, Airbnb made a surprising recovery as lockdowns began to ease and tourists opted to stay in houses instead of hotels. Partly due to 2021 optimism, Airbnb’s …

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