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☆ New TV show '007: Road To A Million' brings Bond-like tasks to screens
▼ + stars: | 2023-11-02 | by ( Hanna Rantala | ) www.reuters.com time to read: +2 min

LONDON, Nov 2 (Reuters) - From scaling mountains and cranes to coming face-to-face with crocodiles and snakes, contestants travel the world tackling James Bond-inspired challenges in new TV adventure series "007: Road To A Million" in the hope of winning 1 million pounds ($1.2 million). "The idea is really to put ordinary people into a James Bond adventure and we didn't quite know how that would work out," executive producer David Glover told Reuters. "It's thrilling because... they're really not James Bond but they have heart and they're lovely and... they're heroic in their own way." [1/3]An assistant poses with the James Bond 007 Special Issue 2020 UK Seven-Kilo Gold Proof Coin, the largest coin ever made by The Royal Mint, in London, Britain, March 2, 2020. I thought 'well maybe if I do this, it's probably the nearest I'll ever get to (being a Bond villain),'" Cox said.

Persons: James Bond, Brian Cox, David Glover, they're, Cox, haven't, Henry Nicholls, it's, James, Joey Bone, James Bone, Bond, Barbara Broccoli, Michael G, Wilson, Daniel Craig, Broccoli, Hanna Rantala, Marie, Louise Gumuchian, Rosalba O'Brien Organizations: Reuters, The Royal Mint, REUTERS, Scottish Highlands, Thomson Locations: Scottish, London, Britain

☆ BT maintains 2024 outlook after Q2 core profit beat
▼ + stars: | 2023-11-02 | by ( ) www.reuters.com time to read: +1 min

Nov 2 (Reuters) - BT Group (BT.L), Britain's biggest broadband and mobile provider, posted second quarter earnings slightly ahead of forecasts putting it on track to meet 2024 guidance, in one of the outgoing CEO's final announcements. Strong cost controls helped BT post a 3% rise in adjusted core profit (EBITDA) to 2.06 billion pounds ($2.51 billion) for the three months to the end of September, beating the 2.03 billion pounds consensus forecast. "These results show that BT Group is delivering and on target: we're rapidly building and connecting customers to our next generation networks, we're simplifying our products and services," Jansen said in a statement on Thursday. The quarterly result meant BT maintained its outlook to grow revenue and profits for its current 2024 financial year, and the group said it expected free cash flow towards the top end of its 1 billion to 1.2 billion pound range. ($1 = 0.8215 pounds)Reporting by Yadarisa Shabong in Bengaluru and Sarah Young in London; Editing by Savio D'Souza and James DaveyOur Standards: The Thomson Reuters Trust Principles.

Persons: Allison Kirkby, Sweden's, Philip Jansen, Jansen, Yadarisa, Sarah Young, Savio D'Souza, James Davey Organizations: BT, Britain's, Sweden's Telia, Thomson Locations: Bengaluru, London

☆ Advil maker Haleon misses revenue estimates as North America demand drags
▼ + stars: | 2023-11-02 | by ( ) www.reuters.com time to read: +2 min

REUTERS/Brendan McDermid/File Photo Acquire Licensing RightsCompanies Haleon Plc FollowGSK plc FollowNov 2 (Reuters) - Haleon (HLN.L) missed market estimates for third-quarter revenue on Thursday, as the world's largest consumer healthcare firm grappled with weak demand for its painkillers, digestive health and vitamin supplements in North America. For the three months ended Sept. 30, Haleon reported a 5% organic increase in revenue to 2.79 billion pounds ($3.40 billion), but it came slightly below analysts' expectations of 2.83 billion pounds, according to a company-compiled consensus. The company said overall volumes for the quarter declined by 1.6%, while North America revenues fell 7.5% on a reported basis. Haleon, which was carved out of British drugmaker GSK (GSK.L) last year, has been raising prices to offset high costs. ($1 = 0.8215 pounds)Reporting by Eva Mathews in Bengaluru; Editing by Rashmi Aich and Gerry DoyleOur Standards: The Thomson Reuters Trust Principles.

Persons: Brendan McDermid, Haleon, Eva Mathews, Rashmi Aich, Gerry Doyle Organizations: New York Stock Exchange, REUTERS, GSK, Consumer, Thomson Locations: New York City, U.S, North America, British, Bengaluru

☆ BT rises after quarterly earnings beat forecasts
▼ + stars: | 2023-11-02 | by ( ) www.cnbc.com time to read: +1 min

A BT Group Plc logo on a EE/BT Group Plc store in London, UK, on Wednesday, May 17, 2023. BT Group, Britain's biggest broadband and mobile provider, posted a second quarter earnings beat and forecast annual cash flow at the top end of a range, lifting its shares in a parting boost for outgoing CEO Philip Jansen. Shares in BT jumped 5% in early deals, good news for Jansen who is due to step down early next year and has long said he has been disappointed by the group's stock performance. Her job will be to complete Jansen's multi-billion pound push into fibre networks and extending 5G networks, the cost of which has hit free cash flow and weighed on the share price. For the three months to the end of September, BT posted a 3% rise in adjusted core profit (EBITDA) to 2.06 billion pounds ($2.51 billion) beating the 2.03 billion pounds consensus forecast.

Persons: Philip Jansen, Jansen, Hargreaves, Matt Britzman, Allison Kirkby, Sweden's Organizations: BT, BT Group Plc, BT Group Locations: London

☆ ASOS fashion retailer says turnaround to bring back growth in 2025
▼ + stars: | 2023-11-01 | by ( ) www.reuters.com time to read: +1 min

Smartphone with ASOS app, a keyboard and a shopping cart are seen in front of a displayed ASOS logo in this illustration picture taken October 13, 2020. REUTERS/Dado Ruvic/Illustration/File Photo Acquire Licensing RightsLONDON, Nov 1 (Reuters) - British online fashion retailer ASOS (ASOS.L) forecast another year of falling sales in 2024 but said its turnaround plan was starting to take shape and growth would return the following year. Casting 2024 as a transition year, the group said that historic stock problems would continue to drag on sales and profitability during its current financial year, and it forecast sales declines of 5% to 15%. In its 2025 financial year, ASOS said it expected to return to growth with core earnings margin around pre-COVID levels. Calamonte is focused on reducing the amount of stock ASOS carries and refreshing ranges more quickly, while cutting costs and improving its cash position, and he said on Wednesday ASOS would focus on its core fashion offering in 2024.

Persons: Dado Ruvic, José Antonio Ramos Calamonte, ASOS, PwC, Sarah Young, William James, Tomasz Janowski Organizations: REUTERS, Thomson

☆ Britain to invest 300 million pounds in AI supercomputing
▼ + stars: | 2023-11-01 | by ( ) www.reuters.com time to read: +2 min

British Prime Minister Rishi Sunak delivers a speech on AI at Royal Society, Carlton House Terrace on October 26, 2023 in London, England. Funding for the "AI Research Resource" will be increased to 300 million pounds ($363.57 million) from a previously announced 100 million pounds, the government said at an AI safety summit aimed at charting a safe way forward for the rapidly evolving technology. "Frontier AI models are becoming exponentially more powerful," British Prime Minister Rishi Sunak said on social media platform X. "This investment will make sure Britain’s scientific talent have the tools they need to make the most advanced models of AI safe." The machines, which will be running from summer next year, will be used to analyse advanced AI models to test safety features, as well as to drive breakthroughs in drug discovery and clean energy, the government said.

Persons: Rishi Sunak, Peter Nicholls, Bristol's, Kylie MacLellan, Kirsten Donovan Organizations: British, Royal Society, Carlton, Terrace, REUTERS, Nvidia, Hewlett Packard Enterprise, Dell, SME, Thomson Locations: London, England, Britain, Cambridge, Bristol

☆ UK workers see record pay rises, but inflation eats them up
▼ + stars: | 2023-11-01 | by ( ) www.reuters.com time to read: +2 min

Median weekly earnings for full-time employees fell by 1.5% on the year when adjusted for the Consumer Prices Index including owner occupiers' housing costs, the ONS said. Average weekly pay for all men rose by 6.8%, lagging behind a 9.1% increase for women, although the difference in pay growth was smaller when only full-time employees were considered. Median weekly full-time earnings for women were 13% lower than for men. Median gross annual earnings for all full-time employees rose 5.8% to 34,963 pounds ($42,452), a slightly smaller increase than 5.9% in the 12 months to April 2022. The Bank of England is worried that the face pace of pay growth in Britain could create a wage-price spiral.

Persons: Maja Smiejkowska, ASHE, William Schomberg, David Milliken Organizations: Boxing, REUTERS, Britain's, National Statistics, The Bank of England, Thomson Locations: London, Britain

LONDON, Nov 1 (Reuters) - The UK government has scrapped guarantees on nearly 1 billion pounds ($1.2 billion) of bank loans handed out to ailing businesses during the COVID-19 pandemic, leaving lenders on the hook for some of the borrowings that will not be repaid. The figures could rise further - latest figures show just 17 billion pounds have been fully repaid by borrowers as of June 30. The largest and most controversial, the "Bounce Back Loan" (BBL) scheme, delivered 47 billion pounds and was specially designed to help Britain's smallest firms stay afloat. Following the removal, any financial loss is borne in full by the lender, BBB said. The figures also showed the government had paid out 7.4 billion pounds to lenders under the state guarantees.

Persons: Theodore Agnew, Sinead Cruise, Iain Withers, Matthew Lewis Organizations: Reuters, British Business Bank, Barclays, NatWest, Lloyds, HSBC, Bank, Finance, BBL, BBB, Thomson Locations: London

☆ I dedicated my life to biology until I went on 'Naked and Afraid' and realized I could make a bigger difference doing TV instead
▼ + stars: | 2023-11-01 | by ( Maiya Focht | ) www.businessinsider.com time to read: +6 min

Forrest Galante was a biologist and worked in field research before he went on "Naked and Afraid." AdvertisementAdvertisementBeing on "Naked and Afraid" is the least interesting thing I've ever doneA few weeks later I was on a plane. It was right then and there that I called my boss and told her I was going to pivot to pursuing conservation media. AdvertisementAdvertisementBasically I pivoted the public interest I was getting from "Naked and Afraid" into what I'm doing now. Dreams coming to fruitionBefore working in wildlife media, Forrest Galante worked in conservation biology.

Persons: Forrest Galante, Galante, who'd, —, It's, I'd, that's, I'm, who's, lightbulb, Eric Evangelista, I've Organizations: Service, UC Santa Barbara Locations: Southern California, California, Panama, Fernandina

☆ Russia may be using upgraded bombs in Ukraine that can crush bunkers 66ft underground
▼ + stars: | 2023-11-01 | by ( Thibault Spirlet | ) www.businessinsider.com time to read: +4 min

Russia deployed upgraded glide bombs on eastern Ukraine, the Institute for the Study of War noted. The bombs are upgraded versions of the FAB-250, FAB-500, and FAB-1500, named after their respective weights in kilograms. FAB bombs are a Soviet design, and variants without upgraded guidance have been seen deployed in Ukraine before. FAB-500-type aircraft bombs found by Ukrainian forces on the 10th day of Russian attacks on Ukraine in Chernihiv, Ukraine on March 5, 2022. Russia pummeled Ukraine with 40 glide bombs in just one night in early October in the eastern Kherson region, he said.

Persons: —, STRINGER, Oleksiy Melnyk, Melnyk, Hans Petter Midttun Organizations: Institute for, Service, FAB, OF, Washington Post, Centre of Defence, Euromaidan Press, Russia pummeled Locations: Russia, Ukraine, Soviet, Mariupol, Ukrainian, Chernihiv, OF UKRAINE, Kyiv, Russia pummeled Ukraine, Kherson

☆ GSK lifts annual forecasts on strong launch of RSV vaccine
▼ + stars: | 2023-11-01 | by ( Eva Mathews | ) www.reuters.com time to read: +3 min

Arexvy, launched in the United States recently, recorded third quarter sales of 709 million pounds ($862 million), trouncing analysts' expectations of 358 million pounds, according to a company-compiled consensus. GSK accounts for close to two-thirds of RSV shots given in the United States since early September, according to IQVIA data. Full-year sales are seen between 900 million pounds and 1 billion pounds for the shot, GSK said. The company faces about 79,000 cases related to Zantac in the United States, with 73,000 of them in Delaware and scheduled for trial starting January 2024. For the third quarter, Shingrix, the company's top-selling drug for shingles, generated 825 million pounds in sales.

Persons: Dado Ruvic, Abrysvo, Dani Saurymper, Emma Walmsley, Eva Mathews, Maggie Fick, Tomasz Janowski, Mark Potter Organizations: GSK, GlaxoSmithKline, REUTERS, stg, CVS, Pfizer, Pacific Asset Management, GSK's, Thomson Locations: London, United States, U.S, Europe, Japan, Delaware, Bengaluru

And some banks think the Bank of England may be the latest to paper over the QT cracks as soon as this week. Already, there's been some awkward shuffling of feet around a process that was meant to be just balance sheet plumbing. The Federal Reserve may be further away from dealing with the QT issue head on. Deutsche Bank's UK strategists agree and think "the bar for a shift in QT policy is lower heading into yearend." Deutsche argues the BoE could either skew gilt sales shorter or agree to sell evenly based on current market valuations.

Persons: there's, BOE, BoE, BofA, Deutsche, Mike Dolan, Lisa Shumaker Organizations: Bank of England, European Central Bank, Federal, . Treasury, Bank, Treasury, Bank of America, Deutsche Bank's, Reuters Graphics Reuters, Reuters, Thomson Locations: Treasuries, yearend

☆ Aston Martin lowers volume outlook on DB12 model production issues
▼ + stars: | 2023-11-01 | by ( ) www.reuters.com time to read: +1 min

REUTERS/Thomas Peter/File Photo Acquire Licensing RightsNov 1 (Reuters) - British luxury carmaker Aston Martin (AML.L) posted a wider-than-expected quarterly loss on Wednesday and lowered its 2023 volume outlook due to production issues for its new sports car DB12. Aston Martin started delivery of its next-generation sports car DB12 last quarter, and expects its 2023 volume to come in at 6,700 units, from an earlier forecast of about 7,000 units. "Given the initial delays experienced with the DB12 ramp up during Q3, we have marginally updated our FY volume outlook as the impact limits production capacity for the full year," the company said in a statement. The London-listed company, which retained the rest of its 2023 outlook, reported an adjusted operating loss of 48.4 million pounds ($58.82 million) on revenue of 362.1 million pounds in the three-month period ended Sept. 30. Analysts on average had expected an adjusted operating loss of 38 million pounds on net revenue of 370 million pounds.

Persons: Aston Martin, Thomas Peter, AML.L, Yadarisa, Sherry Jacob, Phillips Organizations: REUTERS, Thomson Locations: Beijing, China, London, Bengaluru

☆ GSK raises annual forecasts powered by strong Arexvy launch
▼ + stars: | 2023-11-01 | by ( ) www.reuters.com time to read: +2 min

Analysts expect the British drugmaker's RSV vaccine Arexvy to power future growth, amid worries about the strength of its pipeline of drugs in development and costly U.S. litigation over discontinued heartburn drug Zantac. Arexvy, launched in the United States recently, is expected to garner full-year sales of between 900 million pounds to 1 billion pounds ($1.22 billion), GSK said. For the third quarter, the shot recorded sales of 709 million pounds, trouncing analysts' expectations of 358 million pounds, according to a company-compiled consensus. Meanwhile, sales are seen to rise by 12% to 13% in 2023 compared with earlier expectations of 8% to 10%. For the reported quarter, sales of Shingrix, the company's top-selling drug to treat shingles, generated 825 million pounds, below market estimates of 868 million pounds.

Persons: Dado Ruvic, Eva Mathews, Subhranshu Sahu, Tomasz Janowski Organizations: GSK, GlaxoSmithKline, REUTERS, Thomson Locations: United States, Bengaluru

☆ Mass lawsuit against Apple over iPhone batteries can go ahead, London tribunal rules
▼ + stars: | 2023-11-01 | by ( ) www.reuters.com time to read: +2 min

An Apple logo is pictured outside an Apple store in Lille, France, September 13, 2023. The lawsuit was brought by British consumer champion Justin Gutmann on behalf of around 24 million iPhone users in the United Kingdom. The company sought to get the case thrown out of court, but the Competition Appeal Tribunal (CAT) said Gutmann's case can proceed in a written ruling on Wednesday. The CAT did, however, say there was "a lack of clarity and specificity" in Gutmann's case which needed to be resolved before any trial. The certification of Gutmann's case adds to the number of high-value mass lawsuits currently being brought in London, following a July decision to give the go-ahead to claims against major banks for alleged foreign exchange rigging.

Persons: Stephanie Lecocq, Justin Gutmann, Gutmann, Apple, Sam Tobin, Sachin Ravikumar, Emelia Organizations: Apple, REUTERS, Apple Inc, CAT, Supreme, Thomson Locations: Lille, France, British, United Kingdom, London

☆ Italy floods: Lake Como bursts its banks as violent storm pounds the north
▼ + stars: | 2023-10-31 | by ( Barbie Latza Nadeau | Antonia Mortensen | ) edition.cnn.com time to read: +3 min

Rome and Milan, Italy CNN —A storm that brought heavy rain and violent winds to Northern Italy overnight and early Tuesday sent rapid floods through central Milan and caused Lake Como to breach its banks. The Seveso, a river that runs through the municipalities of Como, Monza e Brianza and Milan, also broke its banks, according to Italy’s civil protection agency. The city’s safety councilor, Marco Granelli, said the winds felled trees, tore down scaffolding and ripped off roof tiles. Two women at a flooded intersection in Milan after a violent storm hit the city on October 31, 2023. Strong winds blowing towards the north in the Adriatic Sea pushed water up into the city.

Persons: Marco Granelli, Vasile Mihai, Antonio, Eugenio Giani, Luigi Brugnaro, Brugnaro, MOSE, Emilia Romagna, Laura Paddison Organizations: Italy CNN, Monza, Getty Locations: Rome, Milan, Italy, Northern Italy, Como, Tuscany, Central Italy, Venice, Veneto, Italian, Emilia

☆ Gauff 'feeling the love' in Cancun after maiden WTA Finals win
▼ + stars: | 2023-10-31 | by ( ) www.reuters.com time to read: +2 min

Oct 30, 2023; Cancun, Mexico; Coco Gauff (USA) returns a shot during her match against Ons Jabeur (TUN) on day two of the GNP Saguaros WTA Finals Cancun. "I got a marriage proposal yesterday so I'm feeling the love here in Cancun," Gauff said with a laugh after the match, thanking the crowd who showed up despite the weather. The 19 year old's first victory in WTA finals came after a winless campaign last year and it made her the first American teenager to win a match at the WTA Finals since Venus Williams in 1999. Gauff, who qualified for the WTA Finals as the third seed, will face second seed Iga Swiatek in her next Group B outing on Wednesday. Swiatek, a Polish former world number one, beat Gauff by straight sets in last year's WTA Finals, and won three of their four subsequent matches.

Persons: Coco Gauff, Susan Mullane, Gauff, Venus Williams, Serena Williams, Zendaya, Iga Swiatek, Swiatek, Chiranjit, Robert Birsel Organizations: Cancun, WTA, Tunisian Group, Tennis, Marketa, Thomson Locations: Cancun, Mexico, Polish, Bengaluru

☆ A 24-year-old who has built multiple businesses around Amazon got his start doing wholesale on a $1,500 budget. He explains how to pick a product to resell for profit.
▼ + stars: | 2023-10-31 | by ( Kathleen Elkins | ) www.businessinsider.com time to read: +6 min

There are a few different ways to make money selling products on Amazon : arbitrage, wholesale, and private label. You aren't building your own product; you're simply reselling an existing product. What sets it apart from arbitrage is that you're buying products in bulk directly from a brand or distributor. To avoid the same mistake, you want to look at the listing page of the product you're interested in selling. How to pick a product to sell wholesaleAfter the wholesale mistake, "I went back to the drawing board," said Naran.

Persons: it's, Jatin Naran, Naran, I'm, who'd, he'd Organizations: Wholesale, Google, Amazon Locations: Alibaba, London

☆ Britain's King Charles begins Kenya visit steeped in 'painful' colonial history
▼ + stars: | 2023-10-31 | by ( Duncan Miriri | ) www.reuters.com time to read: +3 min

[1/6] Britain's King Charles is hosted by Kenya's President William Ruto at State House in Nairobi, Kenya October 31, 2023. REUTERS/Thomas Mukoya Acquire Licensing RightsNAIROBI, Oct 31 (Reuters) - Britain's King Charles begins a four-day state visit to Kenya on Tuesday, his first to a former colony, during which he plans to acknowledge "painful aspects" of a shared history that included almost seven decades of colonial rule. Accompanied by Queen Camilla, Charles arrived in the East African country overnight and will be received by Kenyan President William Ruto in the capital Nairobi on Tuesday morning. Buckingham Palace says the visit is a reflection of the two countries' close cooperation on economic development, climate change and security issues. The most notorious period of British rule came near the end, during the 1952-1960 Mau Mau revolt in central Kenya.

Persons: King Charles, William Ruto, Thomas Mukoya, Britain's King Charles, Queen Camilla, Charles, Buckingham, Camilla, Queen Elizabeth, Nandi, Koitalel Arap Samoie, Samoie's, Kipchoge araap Chomu, Aaron Ross, Hereward, Hereward Holland, Michael Perry Organizations: Kenya's, State House, REUTERS, Rights, Kenyan, Kenya Human Rights, Commonwealth, Reuters, Thomson Locations: Nairobi, Kenya, Rights NAIROBI, East, Mombassa, Barbados, Jamaica, British, Hereward Holland

NAIROBI, Kenya (AP) — King Charles III has expressed “greatest sorrow and the deepest regret” for the “abhorrent and unjustifiable acts of violence” committed against Kenyans as they sought independence, during a speech on his first day of a four-day visit. The king and Queen Camilla touched down in the capital, Nairobi, late Monday. Another group of protesters briefly chanted anti-British songs and threw roses at the foot of a monument to Mau Mau veteran Dedan Kimathi in Nairobi's central business district on Tuesday. “Just because the king is in Kenya, police have denied us our constitutional right to protest peacefully,” Juliet Wanjira, one of the organizers, said. During his visit, Britain announced 4.5 million pounds ($5.5 million) in new funding to support education reforms in Kenya.

Persons: — King Charles III, ”, explicity, Charles, William Ruto, Ruto, ” Ruto, Buckingham, Kenya's, that's, Charles ’, Queen Elizabeth II, Queen Camilla, Koigi Wamwere, ” Salim David Nganga, Joel Kimutai Kimetto, “, Kelvin Kubai, Dedan Kimathi, ” Juliet Wanjira, Wanjira Mathai, Wangari Maathai, Prince Philip Organizations: Kenyans, Kenyan, AP, British, Britain, Commonwealth, Aberdare National Locations: NAIROBI, Kenya, Britain, Commonwealth, East, Nairobi, Mau Mau, Nairobi's, Africa, South Africa

☆ Britain's King Charles visits Kenya with colonialism's scars in focus
▼ + stars: | 2023-10-31 | by ( Duncan Miriri | ) www.reuters.com time to read: +3 min

[1/9] Britain's King Charles inspects the honour guards as he is hosted by Kenya's President William Ruto at State House in Nairobi, Kenya October 31, 2023. Accompanied by Queen Camilla on his first visit as monarch to a former colony, Charles arrived in the capital Nairobi overnight. Charles' visit comes at a time when former colonies are demanding that Britain do more to recognise the abuses of its colonial past. Nandi King Koitalel Arap Samoei led a decade-long rebellion until he was assassinated by a British colonel in 1905. Charles also plans to meet entrepreneurs from Kenya's bustling tech scene, tour wildlife facilities and travel to the southeastern port city of Mombasa.

Persons: King Charles, William Ruto, Arthur Edwards, Queen Camilla, Charles, Kenya's Nandi, Buckingham, Kenya's, Nandi King Koitalel Arap Samoei, Samoei's, Kipchoge araap Chomu, Aaron Ross, Hereward, Hereward Holland, Michael Perry, John Stonestreet Organizations: Kenya's, State House, REUTERS Acquire, Rights, Kenyan, Commonwealth, Kenya Human Rights, Reuters, Thomson Locations: Nairobi, Kenya, Rights NAIROBI, Uhuru Gardens, Barbados, Jamaica, British, Mombasa, Hereward Holland

☆ UK's IG Group says it expects to cut 10% of workforce
▼ + stars: | 2023-10-31 | by ( ) www.reuters.com time to read: +2 min

Oct 31 (Reuters) - British online trading platform IG Group (IGG.L) on Tuesday said it would cut 10% of its headcount as part of cost-saving measures to drive operating margin expansion and become a leaner fintech firm. IG Group is trying to bolster its margins as the number of active clients on its platforms declines because of tough market conditions and a hit to customers' disposable income due to a cost-of-living squeeze and rising borrowing costs. IG Group said it expected to reduce about 300 positions worldwide by the end of fiscal 2023, adding that the overall efficiency measures are expected to deliver full run rate cost savings of 50 million pounds ($60.7 million) per year. "We want to position IG Group as a lean fintech company and today's decisive actions ensure a strong platform for future growth," acting CEO Charlie Rozes said in a statement. The company said non-recurring costs to achieve the savings are expected to be about 18 million pounds split across fiscal years 2024 and 2025.

Persons: Charlie Rozes, IG, Morgan McKinley, Aby Jose Koilparambil, Sinead Cruise, Varun H, Robert Birsel Organizations: IG Group, Employment Monitor, Thomson Locations: Bengaluru, London

☆ Elon Musk says Tesla Cybertruck will have options for 'Beast Mode' and fixed bulletproof windows that can't roll down
▼ + stars: | 2023-10-31 | by ( Grace Kay | ) www.businessinsider.com time to read: +4 min

Elon Musk gave more information on the long-awaited Cybertruck release in a new Joe Rogan interview. The billionaire said there will be a "beast mode version" and a version with bulletproof glass. AdvertisementAdvertisementElon Musk spilled more details on Tesla's upcoming Cybertruck during an interview with Joe Rogan on Tuesday. Musk also said the company will offer a "beast mode version" of the Cybertruck. AdvertisementAdvertisementWhile the Cybertruck wouldn't be the first car to have bulletproof glass windows, it's an unusual feature for a civilian vehicle.

Persons: Elon Musk, Joe Rogan, Tesla, —, Musk, Rogan, Barack Obama Organizations: Service, Ford, Presidential

☆ $23,500 in Coins to Pay a Settlement? Judge Says Keep the Change and Try Again
▼ + stars: | 2023-10-30 | by ( Amanda Holpuch | More About Amanda Holpuch | ) www.nytimes.com time to read: 1 min

Pennies, nickels, dimes and quarters might be legal tender but more than 6,500 pounds of loose change is not a proper form of payment, a Colorado judge ruled last week after a defendant attempted to deliver $23,500 in coins to settle a legal dispute. The judge, Joseph Findley, of Larimer County, said that the delivery of more than three tons was done “maliciously and in bad faith,” and that the defendant, a welding company, must now pay more for its act. The welding company, JMF Enterprises LLC, and its owner John Frank, were sued by a custom fabrication company, Fired Up Fabrication LLC, which said it worked as a subcontractor for JMF Enterprises but did not get paid in full. The companies agreed in mediation to the settlement but the agreement did not specify the form of payment, according to Judge Findley’s order.

Persons: Joseph Findley, “, John Frank, Findley’s Organizations: JMF Enterprises Locations: Colorado, Larimer County

☆ Candy corn is polarizing. Here’s how Brach’s is trying to keep it relevant
▼ + stars: | 2023-10-30 | by ( Danielle Wiener-Bronner | ) edition.cnn.com time to read: +5 min

Brach’s, a candy brand which dates back to 1904, says it is the leader in the candy corn market by far. Brach's candy corn. One constant that has helped candy corn stay relevant: The ongoing debate about whether candy corn is a great holiday treat or to be avoided. In 2020, Brach’s launched the so-called Turkey Dinner candy corn — a bag filled with candy corn in different flavors, some more appetizing than others. Last year, singer Michelle Williams teamed up with the brand on a promotional song about the candy called “Candy Corn Love.” And this year, the brand announced a candy corn club, saying it would select 100 members to receive free boxes of candy corn throughout the year, with merchandise and new products.

Persons: it’s, Katie Duffy, Laffy, doesn’t, Brach’s, Michelle Williams, Duffy, ”, Heather Martin, Martin, Candy, Wrigley, we’ve, Travis, Jason Kelce, Jason, Travis Kelce, ” Duffy, Taylor Swift’s Organizations: New, New York CNN, Ferrara Candy Company, Washington Post, Washington, Getty Im, PepsiCo, Hershey, Professional Locations: New York, Ferrara, NIQ, Turkey

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