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Tag: Battle

Deliveroo wins latest court battle over rider rights

Deliveroo wins latest court battle over rider rights

Business
Riders hired by food courier Deliveroo are not entitled to collective bargaining, the High Court has ruled.The ruling confirmed a previous judgement by labour law body the Central Arbitration Committee (CAC).The Independent Workers Union of Great Britain was attempting to overturn the verdict, reached in November last year, that the riders are self-employed, However, the court rejected claims that this categorisation breached their human rights.Decisions by the CAC can be challenged in the High Court on a point of law, but the application for a judicial review was rejected.Mr Justice Supperstone said Deliveroo riders were not "in an employment relationship" with the firm, so the right to collective bargaining did not apply. M...
Telecom Italia ousts CEO in long-running boardroom battle

Telecom Italia ousts CEO in long-running boardroom battle

Technology
A long-running board room battle in Italy's legacy telecoms provider, Telecom Italia, has culminated with the ouster of CEO Amos Genish, effective immediately. Telecom Italia said in a statement Tuesday that the board will meet Sunday to name a new CEO. It gave no further explanation for the move. Shares in the company sank 1.5 percent to 0.52 euros. U.S. activist hedge fund Elliot Management, which won control of the Telecom Italia board in May from French media group Vivendi, had at the time expressed full support for Genish. Genish had been brought into the company by Vivendi. The shake-up comes as the Italian government sets its sights on legislation merging the company's fixed-line assets with the broadband network of a smaller rival, Open Fiber.Let's block ads! (Why?) ABC News: Te...
Duped in UK, PNB in legal battle to recover $37 million

Duped in UK, PNB in legal battle to recover $37 million

Finance
LONDON: The UK subsidiary of Punjab National Bank (PNB) is suing five Indians, one American and three companies in the UK high court claiming they fraudulently misled the bank to lend them tens of millions of dollars and now owe the bank approximately $ 37 million (Rs 271 crore) in unpaid loans. PNB (International) Ltd, which has seven branches in the UK, whose parent bank is PNB, is suing the individuals and companies for “fraudulent misrepresentation in respect of numerous loans” and “breach of contract”, according to its claim lodged with the high court. The loans were advanced, the bank states in its claim, to “assist the financing of the construction of a lube oil re-refining unit in South Carolina and the development and sale of wind energy projects.&rdq...
Sports tycoons ride into battle for Evans

Sports tycoons ride into battle for Evans

Business
The two biggest sports retailers on the high street have joined the battle for control of Evans Cycles, one of Britain's biggest bike retailers. Sky News has learnt that JD Sports Fashion and Sports Direct International both tabled indicative offers for Evans last week, pitting them against Halfords and a number of financial investors.News of JD Sports' and Sports Direct's interest highlights an unexpectedly fierce contest to buy Evans, which has racked up losses of more than £8m in the last two years.A takeover of the bike specialist is likely, however, to be at a knockdown valuation as its owner, the private equity firm ECI Partners, seeks a buyer capable of meeting its ongoing funding requirements.Evans is said to need more than £10m in fresh capital to see it ...
Philadelphia Eagles aim to win battle of backups vs. Tampa Bay Buccaneers

Philadelphia Eagles aim to win battle of backups vs. Tampa Bay Buccaneers

Sports
A pair of backup quarterbacks with decorated resumes will be out to send their respective teams to a 2-0 record to start the season. Nick Foles, who is the reigning Super Bowl Most Valuable Player, leads the Philadelphia Eagles (1-0) into Raymond James Stadium to face Ryan Fitzpatrick and the Tampa Bay Buccaneers (1-0) on Sunday (1 p.m. ET). Eagles head coach Doug Pederson announced Foles as the team's starter while franchise quarterback Carson Wentz continues his rehabilitation from a torn ACL and LCL in December. Wentz, who has not been cleared for contact, watched Foles step in and play superbly in the team's championship run last season. Foles, however, sputtered throughout the preseason and labored in Philadelphia's 18-12 victory versus the Atlanta Falcons on Sept. 6. The 29-yea...