1. Twitter threatens legal action
A drawn-out legal battle is expected following Tesla CEO Elon Musk’s (perhaps un)surprising withdrawal from his US$44bln merger agreement with social media platform Twitter.
2. Cornerstone on track for substantial growth
Revenues generated by clients it serves directly now make up 75% of total turnover, up from 28% in the opening six months of last year.
3. Wizz Air cancels flights after posting losses
The airline said its liquidity remained strong, with its cash balance at the end of June improving to €1.5bn.
4. FTSE 100 closes ahead - just
FTSE 100 closed Monday near flat, up just 0.35 points, or 0.0049%, at 7,196.59
5. Ripple and SEC butt heads
Ripple has accused the SEC of taking an “extreme position” by attempting to seal expert testimony behind a Daubert motion.