Bitcoin prices are creeping towards $11,000 after smashing the key $10,000 mark November 29, 2017 Bitcoin’s value has increased tenfold this year after it smashed through the $10,000 barrier on major exchanges today, but the rise has not stopped there. The cryptocurrency has charged ahead towards $11,000, trading up 9.41 per cent at $10,840.51 at the time of writing, according to Coindesk’s aggregate index. The notoriously volatile digital currency crashed [...]
TfL could take over Southern rail routes under new government transport plans November 29, 2017 Transport for London (TfL) could be given control over Southern rail routes when the current Thameslink, Southern and Great Northern franchise comes up for renewal in 2021. The department for transport (DfT) today unveiled a raft of plans to overhaul rail transport in the UK, which includes the possibility of reviving services closed due to [...]
Facebook’s now using artificial intelligence to remove terror content November 29, 2017 Facebook has revealed more about how it is now using artificial intelligence to remove terror related content that appears on its platforms. The tech giant has come under pressure from the UK government on the matter, with Prime Minister Theresa May going as far as accusing Facebook and others of providing a “safe space” for [...]
Xavier Rolet dedicates lifetime achievement award to LSE colleagues in a tweet November 29, 2017 Praise has already started pouring in for Xavier Rolet, who stepped down as the chief executive of the London Stock Exchange (LSE) Group today. On Twitter, Rolet announced he had won the 2018 Lifetime Achievement award at the Risk Awards last night. Hosted by Risk.net, The Risk Awards are widely recognised as the most prestigious [...]
Cineworld shares plummet on prospect of takeover-related rights issue: Here’s how analysts are reacting November 29, 2017 Cineworld’s shares have taken a huge knock this morning, as investors were spooked by the prospect of a new rights issue. The cinema operator confirmed that it was in “advanced discussions” to acquire US rival Regal, and that it would fund the potential deal through a mixture of debt and equity generated from a new [...]
Apple’s MacOS High Sierra bug: A major security flaw can give easy root access to hackers November 29, 2017 Apple is scrambling to issue a fix to a major security flaw which has come to light overnight that could leave Mac users vulnerable. Anyone can gain access to a computer running MacOS High Sierra, the most up to date version of the Mac operating system, by typing in root when prompted for a username [...]
London Stock Exchange boss Xavier Rolet steps down with immediate effect November 29, 2017 Xavier Rolet, the chief executive of the London Stock Exchange (LSE) Group, has stepped down with immediate effect after a row broke out between the board and an activist investor over his planned departure. The LSE first announced Rolet would leave by the end of 2018 in October, but shareholder The Children’s Investment (TCI) accused [...]
Utilities company Pennon throws water on ideas of nationalisation saying leakage levels have halved since privatisation November 29, 2017 Utilities company Pennon, which provides water to 2.3m people in the UK, has today aimed to douse any talk of renationalising water networks as it released half-year results. The business said it was “continuing to invest significantly” in its plants and distribution network, and had improved water quality and halved leakage levels since privatisation. Read [...]
A deal for the silver screen: Cineworld confirms it’s in talks to buy US rival Regal for $3.6bn November 29, 2017 British cinema operator Cineworld, which also owns the Picturehouse chain, has confirmed it is in talks with US rival Regal to buy the business for $3.6bn (£2.7bn). The companies announced the news of the $25-per-share offer in the US last night, and at the start of business today in the UK. Cineworld wants to establish [...]
Automation, robots and artificial intelligence will bring a bigger shift than industrialisation November 29, 2017 Automation will bring a bigger historical shift to the world of work than the move from agriculture to manufacturing by 2030. Up to 14 per cent of the working population around the world – as many as 375m people – may have to change occupation, researchers at McKinsey estimate. They calculate that there is likely [...]