Cyber crime poses a massive threat to businesses, thanks to remote workers using unsecured public wifi June 28, 2018 As I write, thousands of employees are opening up Macs in cafes and trendy workspaces across the country, sipping on cortados, and getting ready to start their days. These workers are part of what’s being called the “remote working revolution”, and they represent a movement away from the presenteeism that previously defined office working. A [...]
Move over Wall Street wolves, women are winning investment’s battle of the sexes June 28, 2018 Anyone with even a passing knowledge of the stock market could be forgiven for thinking that it is a strident, bullish, and dare I say masculine environment. Think of images of trading floors – there’s rarely a woman in sight – or of Leonardo DiCaprio in The Wolf of Wall Street and Damian Lewis in [...]
Stop thinking in straight lines or get left behind by the revolution June 28, 2018 Revolutionaries from the past have a tendency to morph into romantic icons; think Che Guevara, Rosa Luxemburg, Lenin, Robespierre. From the safety of history, it’s possible to admire their determination and dedication without condoning their often destructive and violent tactics. Yet living revolutionaries are not always so popular beyond their immediate following. They threaten the [...]
World Cup 2018: What we learned from day 14 – Write off the Germans, Neymar frustrated in Brazil win and Serbia rue missed opportunities June 27, 2018 Never write off the Germans, or so the saying goes, but even they can’t come back from this one. Dumped out of the World Cup at the first hurdle for the first time since 1938 by a 2-0 defeat from South Korea, the question now is whether this is the end of an era. Coach [...]
Ticketmaster warns customers payment information may have been exposed to hackers June 27, 2018 UK customers of Ticketmaster, GETMEIN! and TicketWeb who bought tickets between February and 23 June this year may have had personal and payment information stolen by hackers. Ticketmaster – which controls more than 80 per cent of worldwide ticket sales – found it had been targeted by fraudsters last week as it identified “malicious software” [...]
Bank of England’s Mark Carney adds voice to criticisms of EU for lack of movement on Brexit risks June 27, 2018 The City’s fightback against the EU’s Brexit warnings stepped up a gear today as Bank of England governor Mark Carney took to the field, warning that EU officials are not putting in sufficient effort to preserve financial stability post-Brexit. The EU has not matched commitments by the UK government to allow European firms to continue [...]
The London Stock Exchange has bought a minority stake in non-cleared derivatives software tech firm Acadiasoft June 27, 2018 The London Stock Exchange Group (LSEG) has bought a minority stake of around 16 per cent in risk workflow tech solutions company Acadiasoft, as part of a deal to service the non-cleared derivatives market. Alongside the investment, multi-asset clearing house group LCH, which is majority owned by LSEG, has signed an agreement with Acadiasoft to [...]
Key Chequers Brexit meeting to result in “softest of hard Brexits” as full Cabinet tips balance away from pro-Leave ministers June 27, 2018 Next week’s crunch meeting to thrash out a final position on the customs union is likely to result in “the softest of hard Brexits” after the balance has been shifted away from favouring government’s most ardent Brexiters. While it had originally been planned as a two-day overnight stay at the grace-and-favour Buckinghamshire mansion, the first [...]
Goldman Sachs cashes in over $100m from advising Fox on Disney tie-up June 27, 2018 Financial giant Goldman Sachs will cash in over $100m (£75.9m) for its work advising on 21st Century Fox’s recent sale to Disney. According to a regulatory filing to the Securities and Exchange Commission, Goldman Sachs received $58m for its work with Fox since August 2017 before Disney agreed on a $52.3bn deal to buy Fox [...]
Bank of England: ‘Progress’ made on Brexit but ‘material risks’ to UK financial system remain June 27, 2018 The Bank of England said today that “progress” has been made to prepare the UK financial sector for Brexit, but warns that “material risks” remain. In its latest financial stability report released today, the bank said that “progress has been made in the UK towards mitigating risks of disruption to the availability of financial services [...]