Cambridge Analytica: Data scandal leads to call for Facebook CEO Mark Zuckerberg to be grilled by MPs March 19, 2018 The chair of a parliamentary committee has demanded that Mark Zuckerberg “stop hiding behind his Facebook page” and come before MPs to respond to allegations of data misuse by the UK-headquartered political research outfit Cambridge Analytica. Damian Collins, chair of the Digital, Culture, Media and Sport (DCMS) Committee, hit out amid revelations that a company [...]
Philippe Chainieux-led Made.com reveals £40m of equity funding to expand business across Europe | City A.M. March 18, 2018 High-end design brand Made.com has raised £40m of equity funding which it says will be used to fuel expansion into new European markets and boost its online presence. The funding round includes commitments from existing investors Partech Ventures, Level Equity and Eight Roads Ventures as well as a new, unnamed, “tier one global institutional investor”. [...]
Jim Ratcliffe’s Ineos close to choosing location for successor to Land Rover Defender March 18, 2018 Jim Ratcliffe’s Ineos is reportedly close to choosing the host location of his new “spiritual successor” to the Land Rover Defender. The Times reported that the billionaire chemicals tycoon is deciding on where to build his new £700m project, with the UK, Germany, France and Belgium in the running. Speculation has been mounting as to [...]
Michael Spencer’s Nex Group could attract attention from rival exchanges following confirmation of CME bid March 18, 2018 CME’s pursuit of Nex Group could be derailed by rival exchanges, analysts have said. The London exchange founded by City titan Michael Spencer could attract interest from rival exchanges around the world. Potential rivals could include the London Stock Exchange (LSE), Singapore Exchange (SGX), Frankfurt’s Deutsche Boerse and New York Stock Exchange owner Intercontinental Exchange [...]
Campaigners call for a tax break for pubs as closures reach 18 per week March 18, 2018 Campaigners are calling for urgent action to save Britain’s pubs from a hefty tax burden, as new research showed that almost 18 are closing every week. The Campaign for Real Ale (CAMRA) said that pubs are being hit by a “triple whammy” of high beer duty, business rates, and VAT. Fresh research from CAMRA showed [...]
Bitcoin regulation: G20 world leaders to discuss cryptocurrency crackdown at this week’s summit in Buenos Aires March 18, 2018 Finance ministers and central bankers from around the world will discuss new regulations for cryptocurrencies at this week’s G20 summit in Buenos Aires. The discussion comes amid concerns that digital currencies are fuelling money laundering and other criminal activity. Thomas Hulme, a solicitor at London law firm Mackrell Turner Garrett said policymakers will focus on [...]
Hiscox chiefs miss out on bonuses for 2017 after year of hurricanes and natural disasters March 18, 2018 Senior executives at insurer Hiscox have missed out on bonuses this year after a gruelling 2017 hurricane season. The insurers’ top executives will not receive a bonus for the 2017 financial year after return on equity fell to 1.5 per cent, below the required threshold for a bonus payment. Chief executive Bronek Masojada received £2.3m [...]
Disruption on railways as UK feels second round of “beast from the east” March 18, 2018 The “mini beast from the east” is expected to cause further travel disruption in London and beyond today, with three major railways reporting that the snow had caused significant disruption. Passengers have been advised not to travel on Great Western Railway (GWR) service as the snow and cold weather interferes with services. The London Thames [...]
Boris: Russia has researched how to make nerve agents for assassinations March 18, 2018 Boris Johnson has said the UK has evidence showing Russia has been researching how to use develop chemical weapons for the assassination of individuals. A diplomatic crisis has erupted between the UK and Russia after ex-spy Sergei Skripal and his daughter Yulia were poisoned in Salisbury on 4 March. Theresa May has said Porton Down [...]
Russia’s EU ambassador suggests UK lab could be source of nerve agent used to poison ex-spy March 18, 2018 Russia’s ambassador to the EU has suggested a UK laboratory could have been the source of the chemical agent used to poison ex-spy Sergei Skripal. Speaking on the BBC’s Andrew Marr show, Vladimir Chizhov said Russia had “no stockpiles whatever” of chemical weapons. A diplomatic crisis has erupted between the UK and Russia after Skripal [...]