Vision Direct promises to compensate customers who lost out in website hack November 19, 2018 An online contact lens supplier will refund customers left out of pocket when their credit card details were stolen from its site earlier this month. Vision Direct told City A.M. that over 16,000 people were at risk from a hack on its website at the beginning of November. Customers who logged in to the website, [...]
The Hut Group gearing up for boardroom reshuffle November 19, 2018 British online shopping giant The Hut Group is planning a major board reshuffle which would involve the departure of the company’s current chairman. The beauty retailer is set for a shake-up that would see founder and chief executive Matthew Moulding replace Richard Pennycook as chairman, according to Sky News. Pennycook, who has served as the [...]
CBI chief calls Labour’s approach to business more ‘command and control than partnership’ November 19, 2018 The Confederation of British Industry (CBI) has accused Jeremy Corbyn of offering a "command and control" approach to business rather than partnership after the Labour leader addressed its annual conference earlier today. CBI director general Carolyn Fairbairn said firms had made an offer to Labour to work with business to create a "truly competitive and fair country". [...]
Chinese online retailer JD.com’s revenue growth slows amid trade war concerns November 19, 2018 Chinese e-commerce giant JD.com today reported its slowest quarterly revenue growth since its 2014 initial public offering. The company, which is backed by Walmart, Google and China’s Tencent, reported a 25 per cent rise in revenues for the last quarter, totalling 104.8bn yuan (£11.75m). But the growth was well below previous rates, which hit 60 per [...]
Babcock talks down impact of reported £100m helicopter business write-down November 19, 2018 Defence contractor Babcock has played down the impact of a reported £100m write-down of its helicopter business on its bottom line. The FTSE 250 engineering firm, which revealed the closure of its Appledore shipyard in Devon earlier this month, was expected to announce the drop in value in its half-year results on Wednesday. Babcock, which holds 128 [...]
Sharks circle Kier Group despite construction giant’s ‘future-proofing’ plans November 19, 2018 Five funds have raised their bets against Kier Group so far this month, as traders predict the construction giant will be the next big outsourcer to have its shares tumble. Funds including Blackrock and George Soros-backed SFM UK have raised their short positions in Kier recently, even after the company unveiled a plan in late September [...]
Black Friday footfall to dip as retailers extend discounting into the weekend November 19, 2018 Footfall during this year’s Black Friday is expected to slide, with fewer consumers feeling the urgency to shop on Britain’s high streets as retailers plan to extend the frenzied day of discounting into the weekend. Research out yesterday from analytics firm ShopperTrak is predicting the volume of shoppers on the high street will be 6.5 per [...]
Facebook donates £4.5m to fund local journalists in the UK in fight against fake news November 19, 2018 Facebook will donate £4.5m to support roughly 80 trainee journalists in newsrooms across the UK in a bid to plug the gap caused by the decline of local media. The social media firm said it has partnered with the National Council for the Training of Journalists (NCTJ) and a range of British publishers to help [...]
Troubled cake chain Patisserie Valerie given until January to agree loan with main lenders November 19, 2018 The owner of troubled cafe chain Patisserie Valerie has said it has won more time to strike a loan agreement with its principal lenders that will allow it to cover existing debt. Patisserie Holdings originally had 45 days from 12 October to agree a loan facility with lenders, but that time period has now been extended to [...]
Hackers jailed over £77m Talk Talk cyber attack that affected thousands of customers November 19, 2018 Two hackers have been jailed for their part in a £77m cyber attack on Talk Talk that compromised the financial details of thousands of customers. Matthew Hanley, 23, from Tamworth, was jailed at the Old Bailey this afternoon for 12 months after admitting charges relating to the data breach in 2015. Connor Allsopp, 21, also from [...]