A bit of a mixed bag for the ladies overnight. The bad news is that Leonardo DiCaprio is reportedly dating Love Island host May Jama. The good news is that an even wealthier “middle-aged” bachelor is back on the market. Yes, Rupert Murdoch’s engagement to Ann Lesley Smith has been abruptly called off.

The lowdown

• 🚀 Virgin Orbit files for bankruptcy after failing to secure funding.

• 🤬 Credit Suisse shareholders voice their anger at company’s final AGM.

• 🧴 L’Oréal acquires hand wash maker Aesop in $2.5 billion deal.

Featured stories

E-scooter companies will hope Paris does not create a trend

Venture capitalists have invested hundreds of millions of dollars in e-scooter companies, but profits have been elusive. Lime claimed to be the first shared electric vehicle company to achieve a full profitable year in February 2021, with adjusted EBITDA of $15 million.

It does not look like things are going to get easier for these companies if Paris is anything to go by – the city will ban e-scooters from September after a plebiscite was held. A total of 100,000 participated in the vote, with only 11,000 voting in favor of retaining e-scooters. There are, however, 400,000 registered e-scooter users in the city. They do not appear passionate.

The main contention of those opposed to e-scooters was that they were a nuisance that resulted in "uncivil behavior" when users rode too fast. It is not just the taste of a snail the French prefer then, but also the pace.

The content we're consuming today

• FT: Sanjeev Gupta’s Wyelands Bank censured by Bank of England for regulatory failings ($).

• NY Times: In K-Pop’s Quest for Global Growth, Korean Fans Feel Cast Aside ($).

• Carl Icahn: Open letter to Shareholders of Illumina, Inc.

Off-balance sheet items

• Massive news for Potterheads. HBO is looking to relaunch its streaming service and is reportedly negotiating with Warner Bros Discovery on a reboot of the entire Harry Potter series.

The bottom line