Markets

Gordon family claim top spot on Scotland’s Rich List for sixth year

Gordon family claim top spot on Scotland’s Rich List for sixth year The title was inherited by Hugh Grosvenor after the death of his father three years ago. The family of oil tycoon Sir Ian Wood take second place in the Scottish rich list thanks to an estimated £51m increase in their wealth in the last 12 months to a total of £1.763 billion. [Full Article...]

ITC Chairman YC Deveshwar no more

ITC Chairman YC Deveshwar no more One of the longest serving top executives of a corporate entity in India, he was responsible for transforming ITC from mainly a cigarettes maker into a diversified entity with interests in FMCG , hospitality, paper, agri business and information technology, among others. [Full Article...]

Chest of drawers recalled after child death

Chest of drawers recalled after child death More than 300,000 chests have been recalled over "serious tip-over and entrapment hazards" and a report of the death of a child due to one tipping over. Additionally, the company is giving away free tip-over restraint kits and offering free in-home installation of the kit. Each drawer has one metal handle. [Full Article...]

Indian siblings top Sunday Times rich list

Indian siblings top Sunday Times rich list The new list has 151 billionaires - a record - and the top 1,000 have a combined wealth of £771billion. The Rajasthan-born billionaire logged a business worth 10.66 billion pounds a year ago as he gets set to take control of his first steel plant in India with a purchase from Essar Steel. [Full Article...]

Symantec Corporation (NASDAQ: SYMC) president and CEO Greg Clark has stepped down

Symantec Corporation (NASDAQ: SYMC) president and CEO Greg Clark has stepped down Richard Hill was formerly CEO of semiconductor maker Novellus Systems, giving him experience in enterprise sales, an area where Symantec has faltered. The consumer security division's revenue of $605 million was above expectations of $601 million. Symantec expects to produce non-GAAP revenue between $4.76 billion and $4.90 billion in fiscal 2020, along with non-GAAP EPS between $1.65 an... [Full Article...]

You can get paid to drink beer this summer

The internship lasts from June 10 through August 2. Besides product testing, the Natty intern will attend various events, create viral social media content, use guerilla marketing, design "sick swage" (cool stuff) and detail their experience in a weekly vlog. [Full Article...]

1,800 jobs under threat as fashion chain Select goes into administration

1,800 jobs under threat as fashion chain Select goes into administration Launched in the 1980s, the value retailer now has 1,800 employees and operates from 169 stores across the United Kingdom, supported by a centralised head office and warehouse facilities. Andrew Andronikou, joint administrator at Quantuma, said they include "a sale of the business, in addition to entering into discussions with those parties who have already expressed interest in acquiring the busin... [Full Article...]

French air traffic control strike disrupts hundreds of flights

French air traffic control strike disrupts hundreds of flights The strike, which began yesterday and ended at 6am this morning, caused 550 cancelled flights and affected 75,000 others across Europe, with the effects still being felt. Although most airlines will try to accommodate passengers on alternative services or provide a refund. "Unlike delays for other reasons, airlines are not obligated to offer compensation following a strike because strikes are... [Full Article...]


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