THE DAILY BRIEFING
DEPORTATION FEAR Former City trader Kweku Adoboli, who gambled away £1.4bn in the UK’s biggest banking fraud, has been arrested and could be deported to Ghana in days, he has revealed.
The 38-year-old said he had been taken to a holding centre near Glasgow and fears the Government will send him out of the country.
He was jailed for seven years in 2012 after bringing Swiss bank UBS to its knees by exceeding his trading limits.
Despite living in the UK since he was 12, as a foreign national sentenced to more than four years in jail, Adoboli is subject to automatic deportation under UK law.
TOP DEALS Energy services firm Wood Group has won three contracts worth a total of £41m in the United Arab Emirates.
FIN TALKS London-based financial technology companies Revolut and Oaknorth are reportedly in investment talks with Japanese giant Softbank.
The discussions could see Softbank back the firms with its £77bn ‘Vision Fund’.
GAME ON Video game studios Obsidian and inXile have been snapped up by Microsoft as it beefs up its Xbox business.
BUILDING TIE-UP Miner Sirius Minerals has finalised construction arrangements for its Yorkshire fertiliser mine after inking an agreement with Austrian building group Strabag AG that will build a transport system of underground conveyors.
DRUG VOTE Investors in Japan’s takeda will vote on its £46bn takeover of rival drug maker Shire on December 5. The takeover needs the backing of two-thirds of shareholders and the European Commission.
PROFITS HOPE British chip maker ArM, which was bought by Softbank two years ago, said profits rose 8pc to £345m in the three months to September 30.
The firm said it was slowing investment in research and development as it seeks to meet a pledge to add more than 2,000 staff.
BEEFING UP Plant-based burger company Beyond Meat has expanded to the UK through a deal with Tesco with its products on sale at 350 of the supermarket’s outlets.
BIG BET Gambling business playtech has revealed it is on track to report profits of between £280m and £315m this year.