Scottish Education Secretary John Swinney has announced his government has scrapped the downgrading of thousands of exam results. There had been widespread anger after more than 120 thousand results were lowered from what teachers had predicted, with claims pupils from deprived areas were more affected. They will now be awarded their original marks - and there will be no change to results that were upgraded. Report by Blairm. Like us on Facebook at http://www.facebook.com/itn and follow us on Twitter at http://twitter.com/itn
The Metropolitan Police is to end its investigation into the murder of black teenager Stephen Lawrence who was killed during a racist attack in 1993. Report by Blairm. Like us on Facebook at http://www.facebook.com/itn and follow us on Twitter at http://twitter.com/itn
Omid Scobie's new book about the Duke and Duchess of Sussex, 'Finding Freedom' has finally been published. It reveals details of Harry and Meghan's most personal moments, from when the Prince first said I love you, to details of the supposed rift between the royal brothers. Report by Blairm. Like us on Facebook at http://www.facebook.com/itn and follow us on Twitter at http://twitter.com/itn
Business Insider reports that Facebook's ad revenue will continue to increase this year. The growth will come despite the growing number of brands pulling ad campaigns amid the coronavirus pandemic. Net US digital ad revenues at Facebook will increase by 4.9% this year to $31.43 billion. Brands pulled ad spend from Facebook for the month of July in support of the NAACP campaign #StopHateForProfit. The campaign only asks brands to pause Facebook ad spending.
Metropolitan Police Commissioner Cressida Dick has confirmed that the active investigation into the racist murder of Stephen Lawrence in Eltham in 1993 has reached the stage where all identified lines of enquiry have been completed, and the investigation will now move to an inactive phase. Report by Blairm. Like us on Facebook at http://www.facebook.com/itn and follow us on Twitter at http://twitter.com/itn
Italy's richest family is the Ferraro family. They founded confectionery giant Ferrero Group. The company is run by Giovanni Ferrero. Under his guidance the value of assets acquired through his CTH holding company increase by 40% last year. Business Insider reports this was partly due to CTH's $300 million purchase of Danish cookie business Kelsen Group last year.
Robinhood overtook its rivals in trading activity during the month of June. According to Business Insider, a surge in retail investing drove millions of users to the trading platform. The brokerage posted 4.31 million daily average revenue trades, as investors capitalized on pandemic-fueled uncertainty. Robinhood used to attract traders with its zero-commission-fee structure, but rivals have since slashed their own fees.
TSA on Monday reported that 831,789 travelers passed through its checkpoints on Sunday. This is the highest number since March 17th, just before the US explosion of coronavirus. In addition, traveler traffic has consistently increased over the last two weeks, reports Business Insider. Shares of major airlines including American Airlines, United Airlines, and Delta Air Lines surged Monday. Still, total traffic through TSA checkpoints is down roughly 70% from a year ago.
On Friday, Goldman Sachs lifted its 2020 S&P 500 earnings-per-share estimate. The move comes after better-than-expected second-quarter results. Business Insider reports that Goldman expects 2020 S&P 500 EPS of $130, from $115. That's about 21% lower than 2019. Goldman also thinks S&P 500 earnings will surge 30%, to $170 per share in 2021. The estimate is tied to Goldman's economic growth outlook.