Cyber attacks rise for EE following TalkTalk hack November 12, 2015 Mobile operator EE has had to fend off an increased number of cyber attacks since TalkTalk revealed it had 15,000 customers financial details stolen. EE chief executive Olaf Swantee told City A.M.: Since the TalkTalk breach we have seen heightened activity from criminals and people who want to access our system. “We have successfully prevented [...]
Asda’s ToYou teams up with online retailers for launch of parcel collection service in UK stores November 12, 2015 Shoppers will be able to pick-up goods in Asda supermarkets that they have ordered from other online retailers as part of a new service launched today by the Walmart-owned chain to boost footfall in its stores. The retailer said the new service, called ToYou, allows customers to collect and return orders placed with third parties at any one of [...]
Spire healthcare shares plummet on lowered full-year outlook November 12, 2015 Shares in UK-based hospital group Spire Healthcare fell in trading this morning, after it cut its revenue guidance for the full year. The company said it expects revenue for 2015 to grow by between three and 3.7 per cent compared to last year, which is a decline from its previous forecast of between four and six per cent. [...]
Engineering company IMI’s share price is tanking after warning on profits November 12, 2015 Specialist engineering company IMI's share price is plummeting today after warning on profits. IMI's share price was 7.87 per cent down at 902.5p per share in mid morning trading. In an interim management statement released today the company said that during the third quarter "economic and market conditions have continued to be challenging". The news comes [...]
European Banking Authority decrees role-based allowances do count as bonuses – and must be subject to a cap November 12, 2015 Bad news for January's bonus season: the European Banking Authority (EBA) has made the controversial ruling that role-based allowances do count as bonuses – and therefore must be subject to a cap. In a paper published today, the EBA ruled that role-based allowances, which many UK institutions have used to sidestep bonus cap rules set out by Brussels in [...]
ONS figures: UK businesses earned over £1 trillion in 2014, although mining and quarrying slowdown dents figures November 12, 2015 UK businesses earned over £1 trillion last year, according to Office for National Statistics (ONS) figures published today. The ONS Annual Business Survey showed that the Gross Value Added at basic prices (aGVA), which relates to the income of businesses less the cost of goods and services consumed in creating that income, for UK non-financial businesses [...]
Apple working on iPhone-to-iPhone payments November 12, 2015 Apple doesn’t want to become a bank, insists chief exec Tim Cook, shutting down longstanding rumours that the tech giant will be pushing into the financial services industry. But on the same day, a new report suggests that Apple has big plans for a new mobile payment system: one that would allow iPhone users to [...]
China’s Singles Day 2015: Alibaba broke sales records and made £9.4bn in 24 hours November 12, 2015 Alibaba just smashed sales records for China’s Singles Day, netting £9.4bn in sales in just 24 hours. Singles Day is China’s biggest shopping holiday, and yesterday’s results broke all previous records, as the e-commerce giant revealing its sales figures showed. The company passed last year’s record-breaking revenue of £6.12bn by half day yesterday, and landed [...]
UK house prices: Buyers and sellers care about completely different things when assessing the value of a property November 12, 2015 What would you care most about when buying a house? That it smells of fresh-baked bread or what the local crime figures are like? You might think that buyers and sellers would place value on similar things, especially considering that most people in the process of buying one house are also simultaneously selling another, and [...]
The moment Mario Draghi got glitter-bombed by a protestor November 12, 2015 Spectators were shocked when this protester livened up European Central Bank president Mario Draghi's regular press conference … by jumping onto the table, screaming "end ECB dictatorship" and showering him with what looked like a glitter bomb. She was then rushed away by security guards, as she smiled and made a "V for victory" sign at [...]