Press Digest: Financial Times - Aug 3

Missfresh

03/08/2022 01:09

Aug 3 (Reuters) - The following are the top stories in the
Financial Times. Reuters has not verified these stories and does
not vouch for their accuracy.
    
    Headlines
    Bain barred from UK state contracts over 'grave misconduct'
in S Africa https://on.ft.com/3BAkY1S
    Robinhood to slash headcount by 23% as retail trading bubble
bursts https://on.ft.com/3cPv6cH
    Missfresh hit by lawsuits from investors and employees https://on.ft.com/3zS9Tbj
    Travellers face higher fares after BA extends suspension of
Heathrow ticket sales https://on.ft.com/3PWGF0w
    
    
    Overview
    Boston-based global management consultant Bain & Co was hit
with a three-year ban on tendering for British government
contracts because of its "grave professional misconduct" in a
major corruption scandal in South Africa. 
    Robinhood  HOOD.O  is laying off almost a quarter of its
staff as the company that rode the coronavirus pandemic-era
retail trading boom and promised to revolutionise stockbroking
contends with a decline in customer activity. 
    Laid-off employees and investors are suing collapsed Chinese
grocery delivery company Missfresh  MF.O  and the Wall Street
underwriters who marketed its shares in a $300 mln New York
offering last year over unpaid salaries and alleged violation of
securities laws.
    British Airways said on Tuesday it would be suspending
short-haul ticket sales until Aug. 15 - a week longer than first
announced 24 hours earlier.   
    

 (Compiled by Bengaluru newsroom)
 ((globalnewsmonitoring@thomsonreuters.com))