Labour suffers second cyber attack in 24 hours November 12, 2019 Labour has been hit by a second cyber attack in two days, after hackers reportedly targeted the party’s web services this afternoon. Hackers tried to force its web services offline from around 1pm today, according to a Labour source. Read more: Labour experiences a ‘sophisticated and very large’ cyber attack A Labour spokesperson said: “We [...]
FCA looks to clean up its act amid ‘shameful’ office mess November 12, 2019 The City watchdog found itself in the spotlight today amid tales of overflowing bins, booze and messy toilets at its HQ. A letter from the FCA’s operating chief, seen by the Evening Standard, detailed the “shameful” situation which included “defecating on the floor in toilet cubicles” and “leaving alcohol bottles in sanitary bins”. Read more: [...]
Major shareholder piles pressure on Deutsche Bank chairman November 12, 2019 Deutsche Bank’s chairman is reportedly coming under increasing pressure from some of the lender’s largest shareholders to step aside. Paul Achleitner is facing calls to be replaced in the latest blow to the embattled bank’s management team, according to the FT. Read more: Deutsche Bank losses widen amid major restructuring effort Private equity group Cerberus, [...]
Tesco removes Mel B advert after Spice Girls star complains November 12, 2019 Tesco has removed an advert featuring an image of Spice Girls star Mel B after the singer complained about its use. The advert for Tesco’s new Clubcard Plus featured a picture of Scary Spice with the words “Stop right now. You get 10 per cent off two big shops a month for £7.99”, a play [...]
Deputy chair of leaked HS2 review slams ‘whitewash’ report November 12, 2019 The deputy chair of the government-commissioned review into HS2 has savaged a late draft of the report, which urges ministers to press on with the project. Lord Tony Berkeley, who was co-author of the report until a matter of weeks ago, has written to chairman Douglas Oakervee demanding his name be removed from the document. [...]
Sir Martin Sorrell: Post-Brexit economy should be ‘Singapore on steroids’ November 12, 2019 Advertising veteran Sir Martin Sorrell has called on the government to pursue a “Singapore on steroids” strategy for the UK economy after Brexit. The former WPP boss, who now runs digital ad firm S4 Capital, said the UK should seek to establish a free-market, pro-business economy similar to that of the Asian financial hub. Read [...]
General Election 2019: Watch Boris Johnson urge voters to back Jeremy Corbyn in deep fake video November 12, 2019 Videos of Boris Johnson and Jeremy Corbyn apparently endorsing each other have been circulated online, in a bid to highlight the growing risk of misinformation. Voters are being warned not to trust what they read online, as increasingly sophisticated technology allows producers to create convincing deep fake videos. The videos, which were published online today, [...]
Galliard Homes to develop £140m luxury flat complex above Crossrail station November 12, 2019 Galliard Homes will develop a £140m luxury residential and retail development above Tottenham Court Road’s Crossrail station. The property investor has exchanged contracts with Transport for London for £43m, it announced today. Read more: Crossrail will not open until 2021, bosses admit Tottenham Court Road West (TCRW) will include 92 flats – with prices for [...]
Support services group DCC post strong profit growth for first half of 2019 November 12, 2019 International marketing and support services group DCC have reported a 15 per cent growth in profit for the first half of 2019, with strong performances across its four divisions. The FTSE 100 company said the rise to £162.6m from £141.9m in 2018 was in line with expectations. Read more: Mr Kipling owner Premier Foods increases [...]
BofA Merrill Lynch survey: The bulls are back as investors feel the FOMO November 12, 2019 The bulls are back, according to a closely-followed investor survey showing a wave of renewed optimism over the health of the world economy. A “fear of missing out” and fading recession concerns have prompted bullish fund managers to move away from cash and back into stocks in their masses. Read more: World’s wealthiest investors forecast [...]