Andreas Dombret, German Bundesbank executive board member, calls for clearing business to stay in London November 29, 2017 A German central banker today called for financial services clearing to stay in London, in a bid to build bridges between the UK and the EU post-Brexit. Andreas Dombret, executive board member of the Bundesbank, said the movement of companies to Frankfurt prompted by the Brexit vote would bring the German financial centre closer to [...]
Board of the London Stock Exchange accuses activist fund manager Sir Chris Hohn of sabotaging Xavier Rolet’s succession November 29, 2017 The board of the London Stock Exchange (LSE) has today accused activist hedge fund TCI of “damaging” the bourse’s reputation, through its efforts to reinstate outgoing boss Xavier Rolet. In a letter seen by City A.M., the board accused TCI and its boss Sir Christopher Hohn of launching “a public, concerted and highly personalised campaign” [...]
Uber hack: 2.7m UK riders and drivers affected by huge data breach – more than half of all users November 29, 2017 Uber has revealed that 2.7m riders and drivers in the UK have been affected by a massive hack of data – more than half of its users in the country. It’s the first time any figure has been given for the UK specifically since the hack, in which information such as email addresses, names, and [...]
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 [...]