Friends again: The Co-op Bank and Capita have renewed a £141m contract after falling out in 2016 October 31, 2019 Capita has been tasked with running the Co-operative Bank’s mortgage servicing operations for the next six years, in a contract win which indicates the once-strained relationship between the two is back on course. The £141m deal comes after a public spat in September 2016, in which the Co-op Bank claimed the London-listed firm had failed [...]
Mark Zuckerberg defends political ads on Facebook after Twitter ban October 31, 2019 Facebook co-founder and chief executive Mark Zuckerberg has defended his decision to allow political advertising as the social network after Twitter boss Jack Dorsey threw down the gauntlet over the issue. Read more: Twitter pulls all political advertising as voters support regulation Dorsey announced yesterday that all paid-for political advertising would be banned on Twitter, [...]
Labour MP Keith Vaz suspended for six months for cocaine scandal October 31, 2019 Labour MP Keith Vaz has been given the longest ever parliamentary ban after offering to buy cocaine for escorts he had hired. The Commons Standards Committee on Monday recommended that the Leicester East MP should face a six-month suspension after offering to buy cocaine for male sex workers during a 2016 Sunday Mirror sting operation. [...]
Falling London house prices hit Foxtons’ revenue October 31, 2019 London estate agent Foxtons reported falling sales revenue in the third quarter as house prices in the capital took a hit. Sales revenue slumped 15 per cent to £8.4m, down from £9.9m as ongoing political uncertainty led to lower volumes, falling prices and fewer high value sales. Read more: Foxtons chair steps down after turbulent [...]
Hackers with links to North Korea have hit a critical nuclear power plant in India October 31, 2019 India has admitted its newest nuclear power plant has fallen victim to a cyber attack, illustrating how exposed one of the most valuable sectors to the emerging economy is to cyber criminals. The Kudankulam nuclear power plant was hacked using malware which is designed to extract data which has been linked to Lazarus Group, which [...]
All Saints back in black after non-retail boost October 31, 2019 Fashion retailer All Saints returned to profit in its latest full-year results after increasing focus on its wholesale and licensing businesses. Operating profit in the 12 months to 2 February was £3.6m, up from a loss of £6.2m the previous year. Read more: All Saints profits hit by retail storm The east London-based company reported [...]
Fewer people wanted to fly this summer, and it has hurt Air France-KLM’s profits October 31, 2019 The parent company of Air France has warned that its income from people buying plane tickets fell in the last quarter, as “geopolitical uncertainties” hit its business. Shares in Air France-KLM fell as much as 12 per cent this morning as the firm reported that net profit had halved during late-summer trading. They eventually recovered [...]
Thomson Reuters reports surge in operating profit October 31, 2019 Media conglomerate Thomson Reuters has reported a surge in operating profit for the third quarter, ahead of analysts’ estimates. Operating profit at the Canada-based company jumped 51 per cent to $262m (£202m) for the three months to September, ahead of $173m for the same period a year ago. Read more: Thomson Reuters defends boss following [...]
General election 2019: Jeremy Corbyn pledges to go after ‘greedy bankers’ as Labour launches campaign October 31, 2019 Jeremy Corbyn has pledged to go after “the greedy bankers” and “bad bosses” as he kicks off his election campaign in South London this morning. The Labour leader spoke before a packed hall of supporters at the Battersea Arts Centre, near Clapham. Read more: Labour’s renationalisation plans would cost £200bnRead more: EXCLUSIVE: Tories tap up [...]
Hugh Grant hits back over Sajid Javid handshake row October 31, 2019 Actor Hugh Grant has defended himself from allegations that he is elitist by not shaking the hand of chancellor Sajid Javid. In an interview with the Evening Standard, Javid said the actor refused to shake his hand at the premiere of Martin Scorcese film The Irishman earlier this month. Read more: Sajid Javid on what [...]