The FTSE 100 opens at 8am. Companies with reports and trade updates today include Entain, Deliveroo, Persimmon, Derwent London, Savills, Hostelworld, Watches of Switzerland and Capita. Read the Business Live blog of Thursday 10 August below.
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Nat Rothschild teams up with Tesla to become US electric car charging partner
The industrial manufacturer led by Nat Rothschild, the prominent financier, has been chosen as Tesla’s electric car charging partner in the US.
Volex, which employs 8,000 people in 22 countries, will supply connectors to Tesla’s electric vehicle (EV) charging stations as they roll out in the US.
Entain faces £585m in HMRC costs
Gambling giant Entain has taken a £585m provision under an HMRC investigation, with the owner of Ladbrokes hoping to ‘draw a line’ under tax issues related to the sale of its Turking business in 2017.
Barry Gibson, chairman, said:
“We are pleased to be making good progress in drawing a line under this historic matter, which concerns a company that was sold by a former Group management team nearly six years ago.
“We have worked closely with the CPS throughout this process and they have recognized our extensive collaboration. After a complete overhaul of our business model, strategy and culture over the past few years, today’s Entain is nothing like yesterday’s GVC.”
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