18-year-old Brit arrested in international raid on hacker-for-hire sites December 15, 2022 An 18-year-old in Devon has been arrested by the UK’s National Crime Agency (NCA) following a series of international raids on DDoS-for-hire websites. The international operation – dubbed Operation PowerOFF – saw the FBI, NCA, Europol, and Netherlands Police shut down 48 of the world’s most popular DDoS-for-hire sites. DDoS-for-hire sites – also known as [...]
Publishers’ digital revenue on way up despite despite inflationary pressure December 15, 2022 Digital revenue is on the way up as recruitment sites lead the way for online growth. A new report from the Association of Online Publishers (AOP) and Deloitte found total digital revenue for the third quarter of this year was up by 2.7 per cent from last year to £153.5m. Recruitment sites continued to see the strongest [...]
JP Morgan raises China growth forecasts as country braces for Covid-19 spike December 15, 2022 JP Morgan has hiked its growth forecasts for China, after the sudden removal of its ‘zero-Covid’ laws paves the way for a brighter economy. The US bank now expects China’s gross domestic product (GDP) to grow by 30 basis points to 4.3 per cent next year. “The most important development in the past month is [...]
Hunt defends new electricity generator levy in Downing Street showdown December 15, 2022 Chancellor Jeremy Hunt defended the introduction of a new tax on legacy electricity generators at a Downing Street roundtable this week.
Biffa reverses losses as it pushes price rises onto customers December 15, 2022 Bin company Biffa has reversed its losses and grown its revenue by nearly a quarter in the past six months after increasing its prices. Group revenue is up 23 per cent to £825.6m, which the London-listed company put down to cost hikes being passed down to customers amid rising inflation in the UK. Despite inflation [...]
Hunt considers extending energy support for all businesses past March December 15, 2022 Jeremy Hunt is considering proposals to extend energy support for all businesses past March, instead of targeting a package at “vulnerable” industries. The chancellor may scrap his plan to target certain industries from April due to difficulties in getting information on sector-by-sector energy usage. The Financial Times reports that another universal support package would be [...]
City of London to vote on Simpson’s Tavern ‘community value’ designation December 15, 2022 The City of London’s Policy and Resources Committee will decide whether to designate Simpson’s Tavern – the historic City bar and restaurant now threatened with closure – as an asset of community value at a meeting this afternoon. Doing so would mean the site would ensure that the local community would be given the chance [...]
Octopus signs deal with Shell to buy energy from world’s largest wind farm December 15, 2022 Octopus Energy Group has signed a long-term deal with Shell to buy green energy from Dogger Bank, the world's largest wind farm.
OEUK hires industry veteran David Whitehouse as new chief executive December 15, 2022 Industry body Offshore Energies UK (OEUK) has named industry veteran David Whitehouse as its new chief executive.
Avanti West Coast’s incompetence is giving business a bad name December 15, 2022 The reputation of business and market capitalism as a whole can be battered and bruised by just one badly-performing company - like Avanti.