After TSB’s outage, let’s force banks to ring fence an IT budget November 27, 2019 Banking outages cause unacceptable pain for customers and are occurring with increased regularity. Digital banking is essential to our economy and ongoing failures are both unacceptable and preventable. Last week an independent report concluded that the board of TSB “lacked common sense” when it moved 1.9m customers onto a new system in 2018 that had [...]
Jeremy Corbyn: ‘Secret documents confirm NHS on the table in post-Brexit trade talks’ November 27, 2019 Labour leader Jeremy Corbyn has revealed “secret” government documents that he says confirms the Conservatives will put the NHS “up for sale”. The “secret report” shows conversations between US and UK officials discussing giving access US drug companies access to the NHS, according to Corbyn. International trade secretary Liz Truss denied Corbyn’s claims and called [...]
UK households to splash out an extra £600m on streaming November 27, 2019 British households are willing to pay an additional £600m each year to stream their favourite films and TV shows following the arrival of a spate of new services, new research has revealed. While Netflix, Amazon Prime and Now TV have so far held dominant positions in the UK, they will soon be competing with the [...]
Tesla CEO Elon Musk claims his new Cybertruck already has 250,000 orders November 27, 2019 Elon Musk has suggested that his unorthodox new electric pickup truck has already received a quarter-of-a-million orders since its unveiling last week. The so called Cybertruck, made by Tesla, has caused a stir in the automotive industry since its launch on Thursday, with its unconventional shape and hefty $39,900 price tag making it a target [...]
Brewin Dolphin posts ‘resilient’ results as expansion plan hits profit November 27, 2019 Brewin Dolphin has boosted its funds under management but took a hit to profit for the full year as it pursues a rapid expansion plan. The asset manager increased its total funds more than five per cent to £45bn in the year to the end of September, including inflows of £1.4bn. Total income also rose [...]
FTSE 100 edges up as Europe rises on trade deal hopes November 27, 2019 The FTSE 100 climbed half a per cent this morning as European stocks rose on hopes of a US-China trade deal. London’s blue-chip index was up 0.49 per cent by 10.30am to 7,438 points with traders also awaiting a closely-watched election poll that is due to be published tonight. Read more: Boris Johnson promises sensible [...]
MRP poll explainer: What is the mega-poll and can it predict the election? November 27, 2019 At 10pm tonight, market research firm Yougov will release the most eagerly-anticipated poll of the upcoming General Election. The so-called MRP poll is expected to be a key indicator of the outcome of the 12 December vote, and will deliver a sweeping seat-by-seat analysis. But what is the MRP and why is it so significant? [...]
Pressure grows on Jeremy Corbyn after he refuses to apologise over Labour’s antisemitism row November 27, 2019 Jeremy Corbyn has come under fierce pressure to apologise to the UK’s Jewish community for his handling of the Labour party’s antisemitism crisis. The Labour leader last night repeatedly refused to say sorry to British Jews after chief rabbi Ephraim Mirvis said he was unfit to be Prime Minister. Read more: Jeremy Corbyn refuses to [...]
Britvic profit loses its fizz as France law hurts sales November 27, 2019 Fizzy drink maker Britvic suffered almost a 25 per cent plunge in annual profit, it revealed today, following a writedown of French assets. Read more: Squashed: Britvic looks to cut final salary pensions The figures Profit before tax sank 24.3 per cent to £110.3m for the year to the end of September after Britvic struggled [...]
Lloyds Banking Group boss to take pay cut after pension backlash November 27, 2019 Lloyds Banking Group is planning on cutting the pay of its boss by more than £220,000 following criticism of his pension package. Antonio Horta-Osorio was blasted by MPs in June for “greed” in relation to his £6.3m pay packet which included a pension contribution worth 46 per cent of his base salary – reduced to [...]