Carillion share price rises despite Canadian backer dumping big slug of shares November 22, 2017 One of Carillion’s largest shareholders sold a big stake in the ailing contractor yesterday evening. Canadian fund manager Letko, Brosseau & Associates sold millions of Carillion shares, reducing its interest from 4.61 per cent to 3.46 per cent a stake of 15m shares. A regulatory announcement on the matter was made at 12.30pm today. Shares [...]
Uber hack: The UK’s top cyber crime and data authorities – the NCSC, NCA and ICO – are investigating the massive data breach November 22, 2017 UK authorities have launched an investigation into the massive hack of Uber which left the data of 50m customers vulnerable. The Information Commissioner’s Office (ICO) has launched a probe of the incident which it said raises “huge concerns” when it comes to ethics and data privacy. And GCHQ’s National Cyber Security Centre (NCSC) will be [...]
Bitcoin goes institutional: First European mutual fund launches to try to attract big investors to the cryptocurrency November 22, 2017 Bitcoin took another step towards mainstream financial acceptance today as a French firm launched the first European mutual fund offering exposure to the cryptocurrency. Paris-headquartered asset manager Tobam hopes to attract big institutional investors to bitcoin, which has so far gained little in the way of a following among professional funds. The firm, which manages [...]
Burger King and Upper Crust concession firm SSP sees big profit boost from global air travel demand November 22, 2017 Catering firm SSP, which operates hundreds of global concessions including Upper Crust and Burger King, today said profits had been boosted by the growing global demand for air travel. Shares rose almost seven per cent this morning with the news £100m is to be returned to shareholders by way of a special dividend. Annual profits [...]
Uber hack: What happened, who’s affected, advice for app users and everything you need to know about the data breach November 22, 2017 Uber is the latest major company to reveal that it has been targeted by hackers. A massive breach resulted in data being exposed last year – but the tech company was less than forthcoming about it and even paid off the hackers. Here’s everything you need to know about the incident and how it might [...]
Autumn Budget 2017: Pressure piles on chancellor Philip Hammond to boost the Tories, save his own job and keep Theresa May in place November 22, 2017 Philip Hammond is facing one of the most challenging days since he became chancellor: unveil a radical, game-changing, vote-winning Budget with enough gimmes to appeal to the youth, while not spending money he doesn’t have or putting up taxes and alienating the party’s core voter. He must tread a tightrope today – one misstep either [...]
Sage share price rises announcing transformational profits jump November 22, 2017 Payroll software behemoth Sage today said its “transformation” was complete, as profits grew by 10 per cent. Half-year revenue rose by 6.6 per cent to £1.8bn. Operating profit increased from £431m to £475m in the six months to the end of September. Sage said it had upped stickier recurring revenues, cut costs and rapidly grown [...]
What’s less eco-friendly – mining coal or mining bitcoins? November 22, 2017 Say what you like about bitcoin it is rarely dull. Not only – in the space of just eight days – has the value of a single bitcoin seen its ‘value’ fall more than 20% from $7,549 to $5,857 and then bounce almost all the way back up again to $7,499 (at least at the [...]
Integral Ad Science MD Nick Morley predicts the end of the beginning for digital advertising November 22, 2017 It’s been a patchy year for advertising. Issues that were known by the industry became public domain. Overnight, ads appearing next to questionable content, and subsequently funding questionable groups, was front page news. “It’s been a really difficult year,” says Nick Morley, managing director for Europe, the Middle East, and Africa at Integral Ad Science. [...]
Manufacturing output rises again to hit 30-year high on UK order books November 21, 2017 Manufacturing order books have filled up to the strongest level for nearly 30 years. Total orders in the three months to November were the strongest since August 1988, according to the CBI. Meanwhile export order books were at the joint highest for more than 20 years. Anna Leach, the CBI’s head of economic intelligence, said: [...]