Thursday newspaper round-up: Tesla, Netflix, Clarks, Barclays
Tesla has reported record delivery numbers but fell short of its 100,000 target for the three months ending in September. Shares in the electric car firm fell by 4pc after hours after it posted the figures, which show the company delivered 97,000 cars. The number falls short of average Wall Street estimates, which predicted the company would deliver 99,000 vehicles. – Guardian
One of the City traders acquitted of rigging the $5.3 trillion a day currency markets is suing Citigroup for $112m (£90m), claiming the US bank "quite literally fabricated" a case against him. A complaint filed on behalf of Rohan Ramchandani in a US court on Wednesday claims the bank embarked on a "secret scheme" to try to "dirty up" his name. - Guardian
Netflix received a €57,000 (£51,000) tax rebate from the UK government last year, despite making an estimated £700m from British subscribers bingeing on fare from The Crown to Stranger Things. Netflix’s UK financial filing states the company reported revenues of €48m last year, and pre-tax profits of €2.3m, because the hundreds of millions of pounds it makes from British subscribers’ monthly fees are funnelled through separate accounts at its European headquarters in the Netherlands. – Telegraph
A non-executive director of Clarks Shoes has denied that its chief executive was dismissed to stop him disclosing to shareholders the state of the company’s finances. Mike Shearwood, 56, has taken the firm to an employment tribunal after he was dismissed last year as chief executive for allegedly making sexist, racist and homophobic comments. – The Times
Barclays has indicated that it will no longer use off-payroll contractors as it prepares for a government clampdown on tax avoidance linked to the use of self-employed private sector workers. A leaked internal email sent to line managers at the bank said that they must no longer use freelancers “who provide their services via a personal services company, limited company or other intermediary”. – The Times