The Tube will have 4G mobile signal from 2019 with new plans from Transport for London an Mayor of London Sadiq Khan August 10, 2017 Soon you could be making phone calls, texting or tweeting to your heart’s delight, or even streaming that latest must-watch boxset while on the Tube, as new plans to bring mobile signal to the depths of London’s transport have been revealed. Mayor of London Sadiq Khan announced that Transport for London is working on bringing [...]
TalkTalk fined by data watchdog for putting 21,000 sets of customer data at risk of being accessed by scammers August 10, 2017 TalkTalk has been fined by the UK’s information regulator after 21,000 sets of customer data were at risk of falling into the hands of scammers and fraudsters. The Information Commissioner’s Office (ICO) slapped the FTSE 250 firm with a £100,000 fine. Personal information was at risk after an Indian firm TalkTalk used to resolve complaints [...]
UK trade balance widens again a year after the Brexit vote August 10, 2017 Britain’s trade deficit with the rest of the world went up again in June, as the amount of goods and services being imported to the country grew. The UK’s total trade deficit widened by £2bn to £4.6bn, according to the Office for National Statistics. This marks the widest gap since September last year. Read more: [...]
M&G Prudential is born: Insurer to merge insurance and asset management arms August 10, 2017 Prudential is to merge its UK and Europe asset management and insurance arms, forming M&G Prudential, the FTSE 100 group announced this morning. The combined business will manage some £332bn of assets for over 6m customers. Prudential chief executive Mike Wells said the two businesses “have a long history of collaboration and we are fortunate [...]
Facebook Watch video: Social network makes major move with original shows taking on TV, Netflix and YouTube August 10, 2017 A new and powerful contingent has entered the content wars and it’s likely to inspire fear among broadcasters and tech companies alike. Facebook has launched a new platform dedicated to TV-like video content called Watch and it will feature “shows are made up of episodes – live or recorded – and follow a theme or [...]
Exchanges and brokers put under pressure as Mifid II incentivises investment banks to get in the game August 9, 2017 Stock exchanges will be forced to innovate and brokers will have to raise the bar when the second Markets in Financial Instruments Directive (Mifid II) comes into force next year, according to a new report from capital markets consultancy Tabb Group. Mifid II will force a proliferation of systematic internalisers (SIs) – investment firms and [...]
Gold, defence firms and the Vix are all up after Donald Trump’s North Korea threats August 9, 2017 We may all be facing the threat of nuclear extinction, but some investors were making lemonade out of life’s lemons by piling into safe haven assets, pushing up the price of gold. The Vix index, which measures market volatility, ticked up to 12.41, its highest in over a month, as Trump ramped the rhetoric up [...]
Worldpay share price rises as it it confirms £8bn Vantiv merger August 9, 2017 A tie-up between two of the world’s largest payment processors will definitely go ahead, it was confirmed today. The board of UK fintech giant Worldpay recommended a fresh offer of 397p per share from US rival Vantiv, valuing it at £8bn. “I am pleased to announce our recommended merger with Vantiv,” said Worldpay chief executive [...]
UK startup BenevolentAI is embarking on major expansion in the US, opening a New York office August 9, 2017 One of the UK’s most promising artificial intelligence startups is expanding its business into the US as part of ambitious expansion plans. BenevolentAI, whose technology helped researchers find a drug treatment which could delay the onset of motor neuron disease, is opening a new office in New York and has hired a former Google scientist [...]
Trump promises “fire and fury like the world has never seen” if North Korea continues US threats August 8, 2017 President Donald Trump issued a warning against North Korea today that the country would be met with “fire and fury” if it continues threats against the US. The UN Security Council unanimously agreed to impose tough new sanctions on North Korea over the weekend, prompting Pyongyang to promise “thousands-fold” revenge against the US, which it [...]