Amazon CEO Jeff Bezos just became the richest man in the world (again) after its share price jumped October 27, 2017 Jess Bezos has become the richest man in the world after Amazon shares shot up more than 10 per cent, taking them well past the $1,000 mark. It is the second time this year that Bezos has overtaken Bill Gates as the richest man in the world, briefly knocking him off the top spot back [...]
Investors dump Catalonian bank shares as separatists prepare independence bid October 27, 2017 Investors fled Catalonian bank stocks as separatist parties in the region’s parliament tabled a resolution calling for independence from Spain, as the crisis reaches its endgame. Catalonian president Carles Puigdemont is expected to address the parliament this afternoon during a session debating the resolution. Shares in Banco de Sabadell fell by more than 5.5 per [...]
Greedy letting agents only have themselves to blame for their current existential crisis October 27, 2017 Asked what they judged to be the biggest threats to their businesses, 42 per cent of agents pointed to the government’s lettings fee ban, due to come into force at the year’s end. Lack of new landlords came a distant second, worrying only 20 per cent of respondents most. Meanwhile, other challenges like internal inefficiencies [...]
Powa-founder Dan Wagner’s previous company ATTRAQT shares fall 25% after CFO finds ‘inaccuracies’ October 27, 2017 Shares in AIM-listed software company ATTRAQT lost a quarter of their value on Friday after its new CFO discovered “inaccuracies” on its books. ATTRAQT said that Eric Dodd, who became CFO at the start of September, found “inaccuracies in forecasting the timing of certain contracts and client “go-live” dates” following a review commissioned by the [...]
Security minister says North Korea is to blame for Wannacry NHS cyber attack October 27, 2017 North Korea was to blame for a cyber attack on the NHS earlier this year, the UK security minister has said. “This attack, we believe quite strongly that it came from a foreign state. North Korea was the state that we believe was involved this worldwide attack,” Ben Wallace MP told the BBC’s Today programme. [...]
Uber confirms Laurel Powers-Freeling as its new UK chair October 27, 2017 Uber has confirmed Laurel Powers-Freeling will be its new independent non-executive chair in the UK. Her appointment to the newly-created role comes as Uber fights to defend its right to operate in London. Columbia and MIT graduate Powers-Freeling is a senior independent director on the board of challenger bank Atom, and has previously held roles [...]
“Shocking ignorance” from MPs who don’t know where money actually comes from October 27, 2017 The majority of Britain’s politicians don’t know where money comes from, despite being tasked with deciding how much of it ends up being spent, according to a poll of MPs published today. Only 15 per cent of MPs surveyed answered correctly when asked a true/false question on whether banks create money when they make loans. [...]
Stranger Things 2: Snapchat’s created the Upside Down in first fully immersive augmented reality advert with Netflix October 27, 2017 Snapchat has created its first fully immersive augmented reality advertising with Netflix for the launch of Stranger Things 2. Taking advantage of the newly launched World Lense feature, the tie up creates an entire world beyond the familiar face changing selfies and transports fans of the hit show into the home of the Byers family, [...]
Mental health must be a priority for all City firms October 27, 2017 At the start of the year, Theresa May announced a strategy to transform mental health support. “This is a historic opportunity,” she said, “for all of us to change the way we view mental illness so that striving to improve mental wellbeing is seen as just as natural, positive and good as striving to improve [...]
Treasury select committee chair Nicky Morgan: Insurance sector needs to be given “priority” status in Brexit talks October 27, 2017 Treasury select committee chair Nicky Morgan has called on the government to treat Britain’s insurers as a “priority sector” during Brexit negotiations. The influential group of MPs today publishes a report on the impact of a key European directive that shook up how much capital insurers must hold to cover any losses. Morgan called on [...]