SSE teams up with Thames Water to lay fibre broadband in London’s Victorian sewer network November 14, 2017 A leading broadband provider believes it has hit the ideas jackpot in the battle to boost Britain’s broadband internet: it wants to lay fibre optic cables in London’s vast sewer network. Energy giant SSE, which has an established broadband infrastructure offering, has teamed up with Thames Water. It plans to tuck fibre cabling 10 metres [...]
Bitcoin awareness is on the rise, but nearly a third of people think it will collapse in the next six months November 14, 2017 Although public awareness of bitcoin is now at an all time high, confidence in the cryptocurrency is still low as new research has suggested nearly a third of people think it will collapse in the next six months. Bitcoin’s price, which is famous for its volatility, climbed to record highs of more than $7,000 in [...]
Credit Suisse fined $135m for New York forex investigation November 14, 2017 New York regulators have slapped Swiss bank Credit Suisse with a $135m (£103m) fine after finding it engaged in misconduct in its foreign exchange trading business. Credit Suisse shared information with other banks which may have allowed coordinated trading and “manipulation of exchange rates”, the Department of Financial Services (DFS) in New York said in [...]
Ford, Vauxhall, Honda among car giants to issue stark warning over hard Brexi November 14, 2017 Some of the world’s biggest car-makers have warned that a hard Brexit would put significant pressure on their UK operations, urging the government to agree a standstill transitional period amid fears that time is running out. Ahead of an industry hearing before the Business, Innovation, Enterprise and Skills (Beis) committee this afternoon, MPs have published [...]
Goodbye, Charles Darwin: Here’s when the old £10 note will no longer be legal tender November 14, 2017 After the introduction of the jazzy new plastic tenner, the Bank of England has revealed the date the old, paper version will stop being legal tender. This morning the Bank said one minute before midnight on 1 March is the date on which the old £10 note, featuring Charles Darwin, will have its legal tender [...]
Definitely no regrets: Karmarama’s Jon Wilkins talks the highs and lows of a year under Accenture November 14, 2017 When Accenture acquired Karmarama nearly a year ago, it was big news: management consultancy tanks were parked on AdLand’s lawn. A year on, and advertising has had it rough. From WPP to Publicis groupe, the big ad networks have battled disappointing revenues, the finger of blame pointed in all directions – from Brexit to Google. [...]
Fund customs contigency plans or face “catastrophic” Brexit, Public Affairs Committee warns November 14, 2017 Failure to fully deploy a new customs system by the point the UK leaves the European Union would be “catastrophic”, a report by the influential Public Affairs Committe (Pac) has claimed. If HMRC’s new customs system, the Customs Declaration Service, is not ready by March 2019 it could cause huge disruption for businesses, massive queues [...]
Prime Minister Theresa May will be grilled by MPs after December’s European Council meeting November 14, 2017 Theresa May is to be grilled by a committee of MPs days after the critical December European Council meeting, where the EU27 will decide whether “sufficient progress” has been made on Brexit talks. The liaison committee, which is composed of the chairs of the other select committees, is the only one with power to call [...]
Meggitt’s chief executive Stephen Young is set to retire in 2018 as revenue growth flatlines November 14, 2017 The chief executive of aerospace and defence firm Meggitt will retire at the end of April 2018 amid a slower ramp up of the firm’s new civil programmes. Stephen Young will leave after five years in the role and will be succeeded by current chief operating officer Tony Wood on 1 January. In a trading [...]
Kantar figures: Lidl maintains position as UK’s fastest growing grocer as Sainsbury’s outpaces Big Four November 14, 2017 Lidl has kept its crown as the UK’s fastest growing grocer for a fifth quarter in a row, as Sainsbury’s becomes the best performing of the Big Four. Figures published by Kantar Worldpanel this morning show that sales were up 15.1 per cent at Lidl in the 12 weeks to 5 November, with 10.6m households [...]