Nokia disowns executive’s attack on Huawei security June 28, 2019 Nokia has issued a statement disowning disparaging comments made by one of its senior executives about Chinese rival Huawei. In an interview with the BBC, Nokia chief technology officer Marcus Weldon warned the UK against using equipment made by Huawei, citing concerns about national security. Read more: Nokia warns UK over use of Huawei kit [...]
Theresa May demands Salisbury poisoning suspects face justice ahead of Vladmir Putin talks June 28, 2019 Theresa May has called for the suspects in the Salisbury Novichok attack to be “brought to justice” ahead of a meeting with Vladmir Putin at the G20 summit today. UK authorities suspect two people from Russia’s intelligence service, GRU, were responsible for the poisoning of former spy Sergei Skripal and his daughter Yulia last year. Read [...]
Sir Jony Ive: Six iconic Apple designs that changed tech forever June 28, 2019 The tech world has been shaken by the news that Sir Jony Ive, the veteran British designer behind a string of iconic Apple products, is stepping down after nearly three decades. As chief design officer, Ive played a vital role in transforming Apple from an ailing tech firm into the world’s most valuable company. Alongside [...]
Housebuilders boosted by Boris Johnson no-deal Brexit budget June 28, 2019 Housebuilders were among the biggest risers in the FTSE 100 this morning after Boris Johnson, the front runner to be the next prime minister, said he would slash stamp duty and tax in the event of a no-deal Brexit. Berkeley Group shares were up 3.16 per cent today followed by Persimmon, which rose 2.63 per [...]
Bank of Ireland sells UK credit card portfolio to London startup Jaja for £530m June 28, 2019 Bank of Ireland has agreed to sell its UK credit card portfolio to digital finance company Jaja Finance for a face-value fee of £530m. The company announced on Friday its decision to sell the portfolio of cards comprising the existing Bank of Ireland UK, the AA and Post Office-branded credit cards. Read more: London Capital [...]
Brexit stockpiling helps UK economy grow 1.8 per cent in early 2019 June 28, 2019 Brexit stockpiling gave a 1.8 per cent boost to the UK economy in the first quarter of 2019 compared to the same quarter last year, figures confirmed today. UK GDP rose 1.8 per cent in January to March compared to its corresponding 2018 quarter. That figure beat the 1.4 per cent quarterly growth between October [...]
London Capital & Finance investors could be entitled to compensation June 28, 2019 London Capital & Finance (LCF) investors could be entitled to compensation following the collapse of the mini-bond lender. The company went into administration in January owing £236m to more than 11,000 investors who were unable to claim compensation as issuing mini-bonds is not a regulated activity. Read more: Police arrest fifth man in London Capital [...]
Trump jokes to Putin at G20: ‘Don’t meddle in the election, please’ June 28, 2019 Donald Trump has playfully warned Vladmir Putin not to “meddle” in the 2020 US election, smiling and waving his finger at the Russian president. The US president met face to face with Putin today as the G20 summit in Osaka gets underway. Read more: Putin says liberalism has “become obsolete” and praises “talented” Trump He [...]
Nokia warns UK over use of Huawei 5G kit in swipe at rival June 28, 2019 Telecoms firm Nokia has warned the UK against using equipment made by its Chinese rival Huawei, citing concerns about network security. The Finnish firm said Huawei kit had security vulnerabilities that posed a risk to 5G networks and insisted rival vendors were more reliable. Read more: Blanket bans ‘not the answer’ to Huawei question, report [...]
Woodford trust cuts debt to calm investors June 28, 2019 Woodford Patient Capital Trust has revealed plans to cut debt and strengthen its board to reassure investors following a drop in the listed trust’s share price. The trust shares holdings with Neil Woodford’s suspended equity income fund and has been hit by concerns that it could be impacted by forced selling of assets. Read more: [...]