You would have thought things could not have got much worse for Thomas Frank after watching his Tottenham side fall to an agonising 3-2 defeat by Bournemouth. It was another damaging result in a season that has brought plenty of frustration for the Spurs faithful, with their club now 14th in the Premier League after only two wins in 12 matches. But then came the image that added to the pressure on...
You would have thought things could not have got much worse for Thomas Frank after watching his Tottenham side fall to an agonising 3-2 defeat by Bournemouth. It was another damaging result in a season that has brought plenty of frustration for the Spurs faithful, with their club now 14th in the Premier League after only two wins in 12 matches. But then came the image that added to the pressure on Frank. Before kick‑off on Wednesday night, he was photographed strolling around the Vitality Stadium with a coffee cup emblazoned with Arsenal branding - a strange choice if you are the manager of a club that shares a fierce rivalry with the Gunners and current league leaders. With the Dane already struggling to win over unhappy Spurs supporters since replacing Europa League-winning Ange Postecoglou in the summer, it was an incident that invited ridicule and left him under more scrutiny. "I definitely did not notice it," said Frank afterwards. "It would be completely stupid of me to take it if I knew. "It's a little bit sad in football that I need to be asked about it. I would never do something that stupid. "I think we're definitely going in the wrong direction if we need to worry about me having a cup with a logo of another club." BBC Sport understands Frank was handed his customary coffee on his arrival at the stadium by a staff member in the cup which was brought by Arsenal, who played at Bournemouth only four days earlier. Neither Frank nor a staff member spotted the Arsenal crest on the cup until it was too late. But the unfortunate turn of events at Bournemouth was too easy for fans and critics to latch on to after Spurs failed to build on another positive start - just like they did against Sunderland at the weekend where they were held to a 1-1 draw. Mathys Tel scored inside five minutes to give Frank's side a dream start, but Bournemouth hit back to lead through Evanilson and Eli Junior Kroupi. Joao Palhinha made it 2-2 with 12 minutes left, however, it was the Ch...
Fintel reports that on January 7, 2026, Barclays upgraded their outlook for Lowe's Companies (NYSE:LOW) from Equal-Weight to Overweight. Analyst Price Forecast Suggests 12.82% Upside As of December 21, 2025, the average one-year price target for Lowe's Companies is $278.09/share. The forecasts range from a low of $221.19 to a high of $331.80. The average price target represents an increase of 12.8...
Fintel reports that on January 7, 2026, Barclays upgraded their outlook for Lowe's Companies (NYSE:LOW) from Equal-Weight to Overweight. Analyst Price Forecast Suggests 12.82% Upside As of December 21, 2025, the average one-year price target for Lowe's Companies is $278.09/share. The forecasts range from a low of $221.19 to a high of $331.80. The average price target represents an increase of 12.82% from its latest reported closing price of $246.49 / share. See our leaderboard of companies with the largest price target upside. The projected annual revenue for Lowe's Companies is 94,713MM, an increase of 12.41%. The projected annual non-GAAP EPS is 16.26, a decrease of 9.12% from the prior forecast. What is the Fund Sentiment? There are 3,736 funds or institutions reporting positions in Lowe's Companies. This is an decrease of 2 owner(s) or 0.05% in the last quarter. Average portfolio weight of all funds dedicated to LOW is 0.45%, an increase of 0.41%. Total shares owned by institutions decreased in the last three months by 1.31% to 495,993K shares. The put/call ratio of LOW is 0.98, indicating a bullish outlook. What are Other Shareholders Doing? Jpmorgan Chase holds 37,607K shares representing 6.70% ownership of the company. In its prior filing, the firm reported owning 31,520K shares , representing an increase of 16.19%. The firm decreased its portfolio allocation in LOW by 86.92% over the last quarter. VTSMX - Vanguard Total Stock Market Index Fund Investor Shares holds 17,991K shares representing 3.21% ownership of the company. In its prior filing, the firm reported owning 17,837K shares , representing an increase of 0.85%. The firm decreased its portfolio allocation in LOW by 14.39% over the last quarter. VFINX - Vanguard 500 Index Fund Investor Shares holds 15,887K shares representing 2.83% ownership of the company. In its prior filing, the firm reported owning 15,689K shares , representing an increase of 1.24%. The firm decreased its portfolio allocation in L...
Inside the sub-zero lair of the world's most powerful computer 40 minutes ago Share Save Faisal Islam Economics editor Share Save Inside the secretive lab which stores the world's most powerful computer It looks like a golden chandelier and contains the coldest place in the universe. What I am looking at is not just the most powerful computer in the world, but technology pivotal to financial secur...
Inside the sub-zero lair of the world's most powerful computer 40 minutes ago Share Save Faisal Islam Economics editor Share Save Inside the secretive lab which stores the world's most powerful computer It looks like a golden chandelier and contains the coldest place in the universe. What I am looking at is not just the most powerful computer in the world, but technology pivotal to financial security, Bitcoin, government secrets, the world economy and more. Quantum computing holds the key to which companies and countries win - and lose - the rest of the 21st Century. In front of me suspended a metre in the air, in a Google facility in Santa Barbara California, is Willow. Frankly, it was not what I expected. There are no screens or keyboards, let alone holographic head cams or brain-reading chips. Willow is an oil barrel-sized series of round discs connected by hundreds of black control wires descending into a bronze liquid helium bath refrigerator keeping the Quantum microchip a thousandth of a degree above absolute zero. It looks, and feels, very eighties, but if quantum's potential is realised, the metal and wire jellyfish structure in front of me will transform the world, in many ways. "Welcome to our Quantum AI lab," says Hartmut Neven, Google's Quantum chief, as we go through the high security door. Neven is something of a legendary figure, part technological genius, part techno music enthusiast, who dresses like he has snowboarded here straight from the Burning Man music festival – for which he designs art. Perhaps he has, in a parallel universe - more on that later. His mission is to turn theoretical physics into functional quantum computers "to solve otherwise unsolvable problems" and he admits he's biased but says these chandeliers are the best performing in the world. Faisal Islam was shown around a Google facility in Santa Barbara. Secret temple of high science Much of our conversation is about what we are not allowed to film in this restricted lab. This ...
JPMorgan Chase has reached a deal to take over the Apple credit-card program from Goldman Sachs further cementing JPMorgan’s status as a behemoth in the credit-card sector and marking the final chapter of Goldman’s failed experiment in consumer lending. The biggest bank in the country will become the new issuer of the tech-giant’s credit card, one of the largest co-branded programs with some $20 b...
JPMorgan Chase has reached a deal to take over the Apple credit-card program from Goldman Sachs further cementing JPMorgan’s status as a behemoth in the credit-card sector and marking the final chapter of Goldman’s failed experiment in consumer lending. The biggest bank in the country will become the new issuer of the tech-giant’s credit card, one of the largest co-branded programs with some $20 billion in balances. The sides, which had been negotiating for more than a year, announced the deal Wednesday confirming an earlier report in The Wall Street Journal.
Patients are collapsing in hospitals unseen by staff because overcrowding means they are stranded out of sight on corridors, the NHS’s safety watchdog has revealed. Using corridors, storerooms and gyms as extra care areas poses serious risks to patients, including falls, infections and a lack of oxygen, the Health Services Safety Investigations Body (HSSIB) said. NHS staff told investigators that ...
Patients are collapsing in hospitals unseen by staff because overcrowding means they are stranded out of sight on corridors, the NHS’s safety watchdog has revealed. Using corridors, storerooms and gyms as extra care areas poses serious risks to patients, including falls, infections and a lack of oxygen, the Health Services Safety Investigations Body (HSSIB) said. NHS staff told investigators that some patients who end up on a trolley or bed in overflow areas have not been assessed or started treatment “and so may be at increased risk of deterioration, which may go unnoticed or be detected late in a temporary care environment,” HSSIB’s report said. It highlighted that patients in these areas are at risk of not getting prompt attention if they deteriorate and suffer a medical emergency. “Several nurses shared a patient safety concern around calling for help and responding to a medical emergency in temporary care environments,” the report said. “They said this was because the patient may be at the end of a corridor and in many cases out of the line of sight of the central part of the emergency department. “A few incidents where patients had collapsed in a temporary care environment were reported to the investigation,” said HSSIB. While their presence in an overflow area did not affect their outcome, “there were concerns about the impact it had on the timeliness of the emergency response.” The Royal College of Nursing, which warned last year that patients on corridors were dying, said the report was “a damning indictment” of what HSSIB says is increasingly routine use of corridor care. Some hospitals are so worried about the potential for harm that they have installed emergency call bells in overflow areas so patients and staff can raise the alarm in an emergency, HSSIB said. Installing call bells, plug sockets to power medical equipment and mini nursing stations in overflow areas makes them “calmer” and more organised for patients and staff, HSSIB said. But other hospi...
Serial rapists including David Carrick were left in the ranks of the Metropolitan police because of a failure to carry out necessary vetting on thousands of officers and staff, it has been revealed. An internal review by the force found it had lowered vetting checks into the backgrounds of prospective and existing police officers and staff between 2013 and 2023. The Home Office said the Met estima...
Serial rapists including David Carrick were left in the ranks of the Metropolitan police because of a failure to carry out necessary vetting on thousands of officers and staff, it has been revealed. An internal review by the force found it had lowered vetting checks into the backgrounds of prospective and existing police officers and staff between 2013 and 2023. The Home Office said the Met estimated that more than 5,000 officers and staff were recruited without the right checks. It has been unable to confirm if pre-employment checks were carried out on around 17,000 officers and staff. The Guardian revealed last September that approximately 300 new recruits may have had substandard or no vetting. But the Met’s report found that 1,400 officers who should have been flagged by vetting were left in the force with police powers. The Met found evidence that 131 officers committed criminal or misconduct offences, ranging from rape to drug offences, hate crimes and lower levels infractions such as being intoxicated on duty. Among those who joined or stayed in the force because of defective vetting was Cliff Mitchell, hired despite an unproven child rape allegation and later convicted of 10 counts of rape, including three of raping a child under the age of 13. The home secretary, Shabana Mahmood, commissioned HM chief inspector of constabulary to inspect the Met’s recruitment and vetting practices. “Abandoning vetting checks on officers was a dereliction of the Met’s duty to keep London safe,” she said. “Londoners rightly expect officers to undergo robust checks so that the brightest and best – not criminals – are policing our streets.” The defective vetting allowed some to join the Met who should not have, while others who were revetted were allowed to stay in when they should have been removed. Most prominent among those is Carrick, one of the worst sex offenders in modern history, who in 2023 was jailed for committing 48 rapes. He used his status as a Met officer to sile...
A zombie fungus that springs from a trapdoor and a flame-like shrub named after the fire demon in the Studio Ghibli film Howl’s Moving Castle are among the species of plant and fungi named by scientists in 2025. A list of 10 “weird and wonderful” new species was compiled by scientists at the Royal Botanic Gardens (RBG), Kew and their international partners, who together named 125 new plants last y...
A zombie fungus that springs from a trapdoor and a flame-like shrub named after the fire demon in the Studio Ghibli film Howl’s Moving Castle are among the species of plant and fungi named by scientists in 2025. A list of 10 “weird and wonderful” new species was compiled by scientists at the Royal Botanic Gardens (RBG), Kew and their international partners, who together named 125 new plants last year. The list also includes an orchid whose flowers look bloodstained and attract sexually aroused flies, and a beautiful snowdrop that had been hiding in plain sight in UK gardens. Among further new species named is a fruit that grows on the forest floor of Papua New Guinea and tastes like banana mixed with guava , and an elegant new Christmas palm from the Philippines. View image in fullscreen Adonidia zibabaoa is a red-fruited palm from the Philippines that can grow up to 15 metres tall and is a close relative of the Christmas palm. Photograph: Jiro Adorador/see caption There are estimated to be as many as 100,000 plant species globally that are yet to be discovered by scientists and 2-3 million species of fungi. Researchers name about 2,500 new plants each year on average. However, it is a race against time to find and describe new species before they are driven to extinction by humanity’s destruction of nature. As many as three-in-four undescribed plants are already threatened with extinction. The loss of habitats to farming, building and mining are key drivers along with pollution and the climate crisis. “Wherever we look, human activities are eroding nature to the point of extinction, and we simply cannot keep up with the pace of destruction,” said Dr Martin Cheek, at RBG in Kew. “Describing new plant and fungal species is essential at a time when the impacts of biodiversity loss and climate change accelerate before our eyes: it is difficult to protect what we do not know, understand and have a scientific name for. “If we fail to invest in taxonomy, conservation and ...
(RTTNews) - The Singapore stock market has moved higher in two straight sessions, advancing more than 35 points or 0.9 percent along the way. The Straits Times Index now sits just above the 3,910-point plateau although the rally may stall on Thursday. The global forecast for the Asian markets is soft amid continued uncertainty over U.S. trade policies. The European and U.S. markets were down and t...
(RTTNews) - The Singapore stock market has moved higher in two straight sessions, advancing more than 35 points or 0.9 percent along the way. The Straits Times Index now sits just above the 3,910-point plateau although the rally may stall on Thursday. The global forecast for the Asian markets is soft amid continued uncertainty over U.S. trade policies. The European and U.S. markets were down and the Asian bourses figure to open in similar fashion. The STI finished modestly higher on Wednesday following gains from the financial shares and a mixed picture from the property sector. For the day, the index gained 15.83 points or 0.41 percent to finish at 3,911.92 after trading between 3,901.29 and 3,919.03. Among the actives, CapitaLand Investment sank 0.39 percent, while City Developments added 0.63 percent, Comfort DelGro stumbled 2.07 percent, DBS Group jumped 1.39 percent, DFI Retail plummeted 2.58 percent, Mapletree Industrial Trust gained 0.52 percent, Oversea-Chinese Banking Corporation collected 0.12 percent, SATS slumped 0.96 percent, Seatrium Limited rose 0.49 percent, SembCorp Industries retreated 1.04 percent, Singapore Technologies Engineering dropped 0.77 percent, SingTel fell 0.26 percent, Thai Beverage rallied 2.17 percent, Yangzijiang Shipbuilding gathered 0.48 percent and Emperador, Genting Singapore, Hongkong Land, Keppel DC REIT, Keppel Ltd, Mapletree Pan Asia Commercial Trust, Wilmar International, Yangzijiang Financial, CapitaLand Integrated Commercial Trust, Mapletree Logistics Trust and Frasers Logistics & Commercial Trust were unchanged. The lead from Wall Street is soft as the major averages shook off a mildly positive open and headed south through the balance of the session, ending at daily lows. The Dow dropped 244.95 points or 0.58 percent to finish at 42,098.70, while the NASDAQ sank 98.23 points or 0.51 percent to close at 19,100.94 and the S&P 500 slumped 32.99 points or 0.56 percent to end at 5,888.55. The choppy trading came as traders s...
Bloomberg Television brings you the latest news and analysis leading up to the final minutes and seconds before and after the closing bell on Wall Street. Today's guests are Meredith Whitney Advisory Group's Meredith Whitney, RiverFront Investment Group's Kevin Nicholson, Atlantic Council's Joseph Webster, Union Square Advisors' Ted Smith, Raymond James' Larry Adam, Amherst's Sean Dobson, Southern...
Bloomberg Television brings you the latest news and analysis leading up to the final minutes and seconds before and after the closing bell on Wall Street. Today's guests are Meredith Whitney Advisory Group's Meredith Whitney, RiverFront Investment Group's Kevin Nicholson, Atlantic Council's Joseph Webster, Union Square Advisors' Ted Smith, Raymond James' Larry Adam, Amherst's Sean Dobson, Southern Bancorp’s Darrin Williams, Anduril’s Palmer Luckey, Bain & Co’s Suzanne Kumar, FDA Commissioner Dr. Marty Makary. (Source: Bloomberg)
This start-up with a trillion-dollar idea could be a big winner. Helicopters are one of transportation's most versatile inventions. They can take off and land vertically, they can hover in place, they can operate without runways, and they can reach remote areas, all of which make them indispensable for medical, military, and rescue purposes. They're also noisy, expensive, and not very fuel-efficie...
This start-up with a trillion-dollar idea could be a big winner. Helicopters are one of transportation's most versatile inventions. They can take off and land vertically, they can hover in place, they can operate without runways, and they can reach remote areas, all of which make them indispensable for medical, military, and rescue purposes. They're also noisy, expensive, and not very fuel-efficient. Now, if only we had an aircraft like a helicopter that ran electrically and was a skosh more practical for everyday purposes. Well, that, in a sense, is what aviation start-up Archer Aviation (ACHR 4.54%) is trying to accomplish. Its flagship craft, Midnight, is a pilot-plus-four-passenger electric vertical takeoff and landing (eVTOL) aircraft, which can taxi passengers on short hops in urban settings. The company's main selling proposition isn't to replace helicopters, but to give travelers a quicker route through the air when other forms of transportation, like cars or buses, are moving too slowly. The company may also sell its aircraft for commercial and defense purposes. Advertisement Expand NYSE : ACHR Archer Aviation Today's Change ( -4.54 %) $ -0.40 Current Price $ 8.42 Key Data Points Market Cap $6.5B Day's Range $ 8.40 - $ 8.80 52wk Range $ 5.48 - $ 14.62 Volume 28M Avg Vol 55M Archer Aviation, which currently trades around $9, does not yet have FAA certification for its Midnight design. Without that approval, it cannot operate the craft commercially. Recent federal initiatives could help it progress substantially, though it's not clear when, if ever, the FAA will sign off. As a result, Archer isn't making revenue yet and is burning through its cash. And despite a flurry of good news in 2025 -- including being named the official air taxi provider of the 2028 Olympics in Los Angeles -- the stock is still trading about 25% lower year over year as I write this. For investors with a long time horizon, who believe, as Morgan Stanley estimates, that the eVTOL market ...
SHENZHEN, CHINA - AUGUST 26: An aerial view of the Shenzhen skyline on August 26, 2020 in Shenzhen, Guangdong Province of China. (Photo by He Shaoping/VCG via Getty Images) Vcg | Visual China Group | Getty Images Asia-Pacific markets were set to open lower Thursday after Wall Street closed in the red on growing geopolitical tensions and comments from U.S. President Donald Trump. U.S. defense stock...
SHENZHEN, CHINA - AUGUST 26: An aerial view of the Shenzhen skyline on August 26, 2020 in Shenzhen, Guangdong Province of China. (Photo by He Shaoping/VCG via Getty Images) Vcg | Visual China Group | Getty Images Asia-Pacific markets were set to open lower Thursday after Wall Street closed in the red on growing geopolitical tensions and comments from U.S. President Donald Trump. U.S. defense stocks fell after the president said he " will not permit " defense companies to issue dividends or stock buybacks until they address his complaints about the industry, including executive pay packages and production issues. Oil prices also dropped overnight after Trump said that Venezuela's interim authorities would turn over as much as 50 million barrels of crude to the U.S., raising concerns about an increase in global supply. Brent crude futures fell 0.51% to $60.39 a barrel, while the U.S. West Texas Intermediate crude added 0.61% to $56.33 per barrel, as of 7.30 a.m. Singapore time (Wednesday 6.30 p.m. EST). Japan's benchmark Nikkei 225 index was set for a lower open, with its futures contract in Chicago trading at 51,935, and its counterpart in Osaka at 51,850, against the index's last close of 51,961.98. Australia's ASX/S&P 200 was flat. Shares of BlueScope Steel fell 2.54% early Thursday, after the company rejected a $9 billion takeover bid from Australian conglomerate SGH and U.S.-based Steel Dynamics . Hong Kong's Hang Seng Index was set to open lower, with its futures contract trading at 26,348, against the index's previous close of 26,458.95. U.S. equity futures were little changed in early Asian hours, after the S&P 500 and the Dow Jones Industrial Average snapped a three-day winning streak. Overnight, the broad market index shed about 0.3% while the Dow fell 466 points, or roughly 0.9%. The tech-heavy Nasdaq Composite gained nearly 0.2%, aided by a 2.4% jump in Google parent Alphabet that led the company's market cap to surpass Apple's for the first time since 201...
The annual Consumer Electronics Show is currently raging in Las Vegas, and as has become traditional over the past decade, automakers and their suppliers now use the conference to announce their technology plans. Tonight it was Ford's turn, and it is very on-trend for 2026. If you guessed that means AI is coming to the Ford in-car experience, congratulations, you guessed right. Even though the com...
The annual Consumer Electronics Show is currently raging in Las Vegas, and as has become traditional over the past decade, automakers and their suppliers now use the conference to announce their technology plans. Tonight it was Ford's turn, and it is very on-trend for 2026. If you guessed that means AI is coming to the Ford in-car experience, congratulations, you guessed right. Even though the company owes everything to mass-producing identical vehicles, it says that it wants AI to personalize your car to you. "Our vision for the customer is simple, but not elementary: a seamless layer of intelligence that travels with you between your phone and your vehicle," said Doug Field, Ford's chief EV, design, and digital officer. "Not generic intelligence—many people can do that better than we can. What customers need is intelligence that understands where you are, what you’re doing, and what your vehicle is capable of, and then makes the next decision simpler," Field wrote in a blog post Ford shared ahead of time with Ars. Read full article Comments
Philippine bonds look well-placed to beat Asian peers in early 2026 as they offer attractive yields, with the debt expected to jump in value on the prospect of further interest-rate cuts, according to a Bloomberg analysis. The study of six key emerging Asian debt markets across seven metrics shows peso-denominated sovereign bonds offer appealing yield spreads over US Treasuries and substantial inf...
Philippine bonds look well-placed to beat Asian peers in early 2026 as they offer attractive yields, with the debt expected to jump in value on the prospect of further interest-rate cuts, according to a Bloomberg analysis. The study of six key emerging Asian debt markets across seven metrics shows peso-denominated sovereign bonds offer appealing yield spreads over US Treasuries and substantial inflation-adjusted returns. Indonesian bonds on the other hand are scoring the lowest in the analysis after outperforming peers last year. Philippine bonds started the year strong after Bangko Sentral ng Pilipinas Governor Eli Remolona said this week that a rate cut is on the table in February. Inflation data continues to undershoot the central bank’s 2%-4% target, further supporting bonds. “Recent gains in the Philippine bond market could extend amid relatively benign inflation, healthy bond spreads relative to US Treasuries and further rate cuts especially if economic recovery is delayed,” said Michael Ricafort , chief economist at Rizal Commercial Banking Corp. in Manila. For now Philippine bonds are offering more value relative to their own historical trend. The 10-year government yield is currently around 6%, which is 0.3 standard deviations above the five-year average. Only South Korea offers more value based on this metric. Moreover, the 10-year peso inflation-adjusted yield is around 4.20%, which is 1.3 standard deviations above the five-year mean. Philippine bonds also offer a yield spread of around 190 basis points over US Treasuries. Citigroup Inc. initiated a long currency-hedged position into five-year Philippine bonds with a target of 5.3%-5.4%, strategists including Rohit Garg wrote in a note on Tuesday. The 5-year yield is currently at around 5.78%, according to Bloomberg data. Bloomberg’s EM Asia scorecard suggests that there is greater downside for Philippine bond yields relative to regional peers. Foreign investors who FX-hedge this position would be insulat...
This tech-enabled Medicare Advantage provider for seniors reported notable insider selling following a year of strong stock performance. On Dec. 29, Alignment Healthcare (ALHC 1.78%) Chief Information Officer Robert L. Scavo executed an open-market sale of 69,541 shares for a total consideration of approximately $1.3 million, as disclosed in a SEC Form 4 filing. Transaction Summary Metric Value Sh...
This tech-enabled Medicare Advantage provider for seniors reported notable insider selling following a year of strong stock performance. On Dec. 29, Alignment Healthcare (ALHC 1.78%) Chief Information Officer Robert L. Scavo executed an open-market sale of 69,541 shares for a total consideration of approximately $1.3 million, as disclosed in a SEC Form 4 filing. Transaction Summary Metric Value Shares sold (direct) 69,541 Transaction value $1.3 million Post-transaction shares (direct) 503,014 Post-transaction value (direct ownership) $9.53 million The transaction value is based on the SEC Form 4 weighted average purchase price ($18.74), and the post-transaction value is based on Dec. 29 holdings. Key Questions How significant was this sale compared to Scavo's previous transactions? This 69,541-share sale was materially larger than Scavo’s historical median for sell-only events (8,235 shares), though not the largest in his record; recent dispositions have included a 100,863-share sale in June 2025. This 69,541-share sale was materially larger than Scavo’s historical median for sell-only events (8,235 shares), though not the largest in his record; recent dispositions have included a 100,863-share sale in June 2025. What proportion of his available shares did Scavo sell in this transaction? The transaction accounted for 12.2% of his direct holdings, which is above his recent-period median of 4.91% per sale, but reflects a pattern of larger transactions as his available share balance declines. The transaction accounted for 12.2% of his direct holdings, which is above his recent-period median of 4.91% per sale, but reflects a pattern of larger transactions as his available share balance declines. Did the sale involve any indirect holdings or derivative securities? No; all shares involved were directly held common stock, with post-transaction indirect holdings reported as zero and no options or other derivative mechanisms exercised or settled in connection with this event...
Unions accuse McDonald's of 'repeated harassment' against 'mostly teenage' staff 3 hours ago Share Save Noor Nanji & Zoe Conway BBC News Share Save Getty Images A group of trade unions has alleged McDonald's has violated international labour standards by failing to tackle sexual harassment in its UK restaurants and franchises. It comes after a BBC investigation exposed a toxic culture at the fast-...
Unions accuse McDonald's of 'repeated harassment' against 'mostly teenage' staff 3 hours ago Share Save Noor Nanji & Zoe Conway BBC News Share Save Getty Images A group of trade unions has alleged McDonald's has violated international labour standards by failing to tackle sexual harassment in its UK restaurants and franchises. It comes after a BBC investigation exposed a toxic culture at the fast-food chain in which workers, some as young as 17, were being groped and harassed. Last year, McDonald's staff told us they still faced sexual abuse and harassment. The unions complained to an independent unit within government which has now offered to intervene by mediating between the unions and McDonald's. The fast-food chain said it was "reviewing the information and considering next steps". The complaint from trade unions was referred to the UK National Contact Point (NCP) - an independent unit which sits with the Department for Business and Trade, run by a mix of civil servants and external advisors. After conducting an initial assessment, the UK NCP has decided the complaint merits further consideration and will now offer mediation to both parties. McDonald's - A toxic workplace for teenagers? The group of five trade unions, including the Bakers Union and the TUC, alongside the Corporate Justice Coalition, state that their complaint - which was lodged in February 2024 - was prompted by the BBC's investigation. The complaint said there had been "further evidence of persistent, deeply rooted gender-based discrimination" in McDonald's restaurants, in breach of Organisation for Economic Co-operation and Development (OECD) guidelines. It described "repeated episodes" of harassment against McDonald's workers, "most of them teenagers". It also accuses managers of failing to stop such behaviour. The Department of Business and Trade said its decision to accept the complaint is not a finding against McDonald's. It also said it does not mean that it considers that the company ha...