Twitter could introduce encrypted messaging feature today, Musk says May 10, 2023 Twitter could release an encrypted messaging feature on its app today, the company’s chief executive Elon Musk said. In a tweet on Tuesday, Musk said that an encrypted direct messaging feature “should” be rolled out today. In theory, this would mean only the sender and recipient of the message could read it. “The acid test [...]
Consumer Duty: why City firms need to prepare now or face ‘robust action’ May 10, 2023 A clampdown is looming for City firms as the Financial Conduct Authority prepares to roll out its new consumer duty this summer, in the biggest shake-up of consumer protections in over a decade.
Elf Bar warned by advertising watchdog after banning Tiktok vape promotions May 10, 2023 Two Tiktok posts by influencers promoting vapes have been banned for breaking rules prohibiting e-cigarette advertising on social media. The first post from the account @Panaxhe_ shows a young man selecting a blueberry-flavoured Elf Bar for breakfast from a fridge full of the brightly-coloured devices before returning later for a kiwi passion fruit-flavoured vape for lunch. The second showed former Gogglebox [...]
Lord Pannick: Activision hires top KC for £55bn Microsoft takeover legal challenge May 10, 2023 Computer Games company Activision Blizzard has hired Boris Johnson’s former lawyer to represent it in a £55 billion legal battle with the competition watchdog. Lord David Pannick KC, who represented the ex-prime minister through the partygate hearings, will be representing the games giant at a Competition Appeal Tribunal, the Financial Times reported. It comes after [...]
Capita warns of £20m hit from cyber attack May 10, 2023 A cyber attack against outsourcing firm Capita which saw personal information leaked onto the dark web is likely to cost £15-20m to resolve, the firm revealed this morning.
Can regulators get the City growing? It will be hard to tell, lawyers warn May 10, 2023 The government may run into trouble as it looks to gauge the impact of City regulators in boosting the growth and international standing of the UK’s financial sector, top lawyers have warned.
Virgin Galactic shares take-off after astronaut test flight announcement May 9, 2023 Space-tourism company Virgin Galactic Holdings said on Monday that a four-member test flight will take place in May and that it aims to launch its first commercial flight in late June. Shares in Virgin Galactic jumped four per cent after the company said the May mission would be the final test of the spaceflight system [...]
London tech grandee lined up to lead embattled WANdisco’s recovery effort May 9, 2023 The beleaguered data firm WANdisco is set to appoint the businessman Stephen Kelly as interim chief executive, it announced on Tuesday. Kelly previously served as chief executive of the software companies, Chordiant, MicroFocus and most recently FTSE100 constituent, Sage, until 2018. “I am a firm believer in the potential of WANdisco’s technology to become a [...]
FCA continues crypto ATM crackdown and warns of further action again ‘illegal’ sites May 5, 2023 The Financial Conduct Authority (FCA) said it had inspected sites in Exeter, Nottingham and Sheffield suspected of hosting illegally operated crypto ATMs, as part of a continued crackdown on the illegal sector. The city watchdog said the inspections were part of a joint operation with the South West Regional Organised Crime Unit, Yorkshire and Humber [...]
Apple posts rare revenue drop but $90bn share buyback goes ahead May 5, 2023 Apple once again posted an, until now, rare revenue decline in its latest fiscal quarter, but said its overall business improved from the December quarter and sales of its iPhones were solid. The results were better than Wall Street’s muted expectations and Apple’s stock inched higher in after-hours trading. The latest numbers come after the company in February [...]