5. Legal & General has teamed up with Amazon to establish what it said is the first blockchain system for corporate pension deals.
The insurer said it would use a managed blockchain system launched by Amazon Web Services (AWS) to handle bulk annuities, which involve Legal & General taking over companies’ defined benefit or final salary pension schemes.
4. Uber has has selected Melbourne as the third pilot city for its air taxi programme, joining Dallas and Los Angeles.
Test flights are due to start from 2020, with the aim of launching commercial operations from 2023.
3. Landlords and other creditors will meet today to vote on revised proposals to save Sir Philip Green's Arcadia retail empire, which include the brands Topshop, Miss Selfridge, Burton, Dorothy Perkins, Evans and Wallis.
Sir Philip has warned that Arcadia could fall into administration if the new proposals are not approved.
2. Greenhouse gas emissions in the UK will be cut to almost zero by 2050, under the terms of a new government plan to tackle climate change.
Britain is the first major nation to propose this target - and it has been widely praised by green groups.
1. Wage growth beat expectations in the three months from February to April rising by 3.4%.
The unemployment rate remained at 3.8%, and has not been lower since the October to December 1974 period.
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SP Angel research note on commodities and miners, featuring: AfriTin Mining* (ATM LN) – First concentrate from Uis tin project and offtake agreement Atalaya Mining (ATYM LN) – Mechanical completion of expansion to 15mtpa at Proyecto Riotinto BlueRock Diamonds* (BRD LN) – BlueRock sells another diamond for more than US$50,000 Cora Gold* (CORA LN) – Drilling results from Sanankoro Mkango Resources* (MKA LN) – Songwe Hill and Thambani project updates Rambler Metals & Mining* (RMM LN) – H1 2019 results, operational update and US$5m convertible loan Tri-Star Resources* (TSTR LN) – Operational update
The National Institute of Allergy and Infectious Diseases, which like the NIH falls under the US Department of Health & Human Services, will provide Motif Bio with preclinical services to evaluate the drug as a treatment for listeria.
Sainsbury (J) is kicking-off the search for a new chief executive to replace Mike Coupe as it looks to move on from its failed attempt to merge with Asda, Persimmon is on track to make another £1 billion in profits this year despite being criticised for providing substandard homes