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Business

  • TSB launches fraud guarantee for customers after last year’s IT crisis

    April 14, 2019

    TSB will tomorrow announce a fraud refund guarantee that means the bank’s 5.2m customers will be covered if they are an innocent victim of fraud. The pledge follows an IT meltdown at TSB last year that saw fraud rise to 70 times its normal level and more than 1,300 customers losing money. Read more: TSB to [...]

  • Gatwick Christmas drone attack was possible inside job, says airport’s response chief

    April 14, 2019

    A drone attack at Gatwick airport which brought 140,000 people’s Christmas travel plans to a standstill was an inside job, according to its chief operating officer. Read more: After Gatwick, how do we prevent future drone chaos? Chris Woodrofe, who led the airport’s response to the attack, told the BBC: “It was clear that the [...]

  • Stagecoach threatens legal action after rail franchise bids spurned by Chris Grayling

    April 14, 2019

    Stagecoach is threatening legal action after the government spurned bids for three rail franchises in a row over pensions. Lawyers for the train and coach operator have written to the Department for Transport (DfT), which Chris Grayling leads, demanding answers as to why it was barred from bidding for the West Coast, South Eastern and [...]

  • Facebook, Instagram and Whatsapp down across Europe for more than three hours

    April 14, 2019

    Facebook, Instagram and Whatsapp left users frustrated today after going offline across the UK and Europe for more than three hours. The three social network giants, which are owned by Facebook, went down at about 11am, according to monitoring website Down Detector. Facebook is having issues since 6:36 AM EDT. https://t.co/BLSiYCF9KL RT if it's down [...]

  • Provident Financial ‘astonished’ at admissions by suitor Non-Standard Finance that it broke company law

    April 14, 2019

    Provident Financial said today it is “astonished” by suitor Non-Standard Finance’s (NSF) statement after trading ended on Friday which admitted it had broken company law with previous dividend payments. A spokesperson for Provident said: “We are astonished by NSF’s after hours announcement admitting, ten days after Provident questioned certain dividends and buy backs, an apparently wider [...]

  • Biggin Hill boss says Britain must become more competitive as Brexit causes private jet slump

    April 14, 2019

    London's business aviation market is down 5.5 per cent on last year as uncertainty around Brexit continues to bite, a boss at one of London's busiest private jet airports has said. Robert Walters, business development director at London Biggin Hill Airport, said "the number one message" he was receiving from customers was that they needed [...]

  • Amey ‘makes fresh £300m bid’ for freedom from Birmingham roadworks contract

    April 14, 2019

    Outsourcer Amey has offered £300m to Birmingham city council in a bid to free itself from a 25-year contract to repair roads in the city, according to reports. Read more: FRC investigates Grant Thornton audits of Interserve The struggling UK company has been trying to buy its way out of the troublesome contract for months, after [...]

  • MPs could be forced to choose a Brexit option if talks with Labour fail, says May’s deputy

    April 14, 2019

    Parliament could be forced to decide which Brexit option to go for if talks with the Labour party fall through, Theresa May's deputy has said. David Lidington, who is leading the talks with Labour on subjects such as environmental standards, workers rights and the security relationship with the EU, said the discussions were going to [...]

  • Online grocery shopping growth stalls amid consumer frustration

    April 13, 2019

    New research has revealed that online grocery is set to grow more slowly as customers concerns over order issues and delivery charges rise.  In 2018 just 45 per cent of consumers said they did grocery shopping online, four per cent down on 2016, according to research from analysts Mintel.  Read more: Revealed: All 15 LK [...]

  • Houses of Parliament’s refurbishment could face years of delays

    April 13, 2019

    The £4bn multiyear restoration project on the Houses of Parliament is running behind schedule and could be delayed for several years, the Financial Times claim.  A third of MPs and hundreds of administrative staff are due to move out of during autumn so that work be completed on creating a temporary debating chamber and offices, while [...]

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