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UPDATE 1-MTN to appeal Syrian court ruling to put its unit under judicial custody

By Reuters Staff
(Adds details)
JOHANNESBURG, Feb 26 (Reuters) - South Africa’s MTN Group said on Friday it intended to appeal a ruling from the Administrative Court of Damascus to place the company’s Syrian business under judicial guardianship and was also considering other steps.
The latest lawsuit is an added headache for the mobile operator, whose entry into the Middle East has been marred by allegations, which it has denied, that it used bribes to win a 15-year operating licence in Iran and also that it aided militant groups in Afghanistan.
The company said a lawsuit was filed to the court by the Syrian Ministry of Telecommunications and the Syrian Telecommunications and Post Regulatory Authority earlier this month, seeking interim measures against MTN Syria. ....

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Future : UK publisher Future expects FY profit above consensus on online demand

British publisher Future Plc on Friday projected annual profit ahead of current market estimates after reporting a robust start to the year, driven by higher online demand during the coronavirus. | February 23, 2021 ....

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Factbox: Uber's legal challenges around the world

By Reuters Staff
4 Min Read
(Reuters) - Britain’s Supreme Court ruled on Friday that a group of Uber drivers were entitled to worker rights such as the minimum wage, in a blow to the ride-hailing service that has ramifications for millions of others in the gig economy.
FILE PHOTO: An Uber pick-up location is pictured in San Diego, California, California, September 30. 2019. REUTERS/Mike Blake
Uber drivers are currently treated as self-employed, meaning that by law they are only afforded minimal protections, a status the Silicon Valley-based company sought to maintain a long-running legal tussle.
The company faces legal action in several cities around the world and has drawn criticism that its vehicles increase congestion and take business from regular taxis. ....

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EU regulator to give verdict on J&J COVID-19 vaccine by mid-March

Europe's drugs regulator said on Tuesday it could issue an opinion by mid-March on whether to approve drugmaker Johnson & Johnson's COVID-19 vaccine under a speedy review. ....

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UK pubs group Mitchells & Butlers to raise $486 million

By Reuters Staff
2 Min Read
FILE PHOTO: Customers are seen at a table outside The Island Queen pub, which is run by Mitchells & Butlers, amid the outbreak of the coronavirus disease (COVID-19) in Islington, London, Britain, September 24, 2020. REUTERS/Simon Newman
(Reuters) - UK pub operator Mitchells and Butlers (M&B) said on Monday it will raise 350 million pounds ($485.98 million) in new equity under a deal with creditors and its main investors that also includes 150 million pounds in new credit lines.
M&B, which cut around 1,300 roles last year, said in January it may need to raise fresh funds as Britain’s latest lockdown had shut its sites again. ....

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