Dislike: EU warns websites they’re responsible for data leaked via Facebook’s like button July 29, 2019 Third-party websites are now jointly responsible for processing people’s data if they embed Facebook’s so-called like button, the EU’s foremost court ruled today. The European Court of Justice’s ruling means websites must now either gain people’s approval for this activity or prove they have a legal basis for processing this data. Read more: France, US [...]
Metro Bank finance director steps down to take new role at Revolut July 29, 2019 Metro Bank’s finance director is leaving the embattled lender to take on a new role at fast-growing financial technology group Revolut. David Maclean is joining the digital firm after stepping down from his role at Metro Bank, which has suffered a torrid six months in the wake of a major accountancy error. Read more: What [...]
Don’t underestimate Boris Johnson, PM’s adviser tells Brussels July 29, 2019 Boris Johnson’s EU adviser has urged Brussels not to “underestimate” the new Prime Minister as he repeated the government’s pledge to leave the bloc on 31 October. David Frost, a former adviser to Johnson while he was foreign secretary, said many people were “inclined” to underestimate Johnson but that doing so would be a mistake. [...]
Neil Woodford’s flagship fund to stay frozen until December July 29, 2019 Beleaguered fund manager Neil Woodford has apologised to investors after the announcement that his flagship Equity Income Fund will remain suspended until at least December. “I understand the frustration, inconvenience and anxiety the continued suspension of the fund will be causing you and I am extremely sorry for putting you in this situation,” Woodford said [...]
Paul Maynard appointed new rail minister July 29, 2019 Paul Maynard, the MP for Blackpool North and Cleveleys, has been appointed as the new rail minister in Boris Johnson’s government. Maynard, a former government whip and junior transport minister, also served as a junior minister in the justice department from May to June this year. Read more: Boris Johnson rules out pre-Brexit general election [...]
Glassdoor reveals the UK’s top 10 best-paying graduate jobs July 29, 2019 UK graduates can earn up to £50,000 as a starting salary, according to new data from Glassdoor that reveals the top 10 highest paying entry-level jobs on offer in 2019. Perhaps unsurprisingly, investment banking tops the list of UK graduate jobs with a staggering median starting salary of £50,752 for an analyst. Read more: London [...]
‘Doomsday narrative’: Sterling tanks to 28-month low on no-deal Brexit fears July 29, 2019 Sterling has fallen to its lowest point in over two years against the dollar after ministers in Prime Minister Boris Johnson’s new government made clear they were now assuming a no-deal Brexit. The pound had fallen 1.1 per cent against the dollar to buy $1.225 by 2pm UK time. Read more: Dominic Raab: Britain ‘turbo-charging’ [...]
Amcham urges Hong Kong to retire China extradition bill to revive business confidence July 29, 2019 The American Chamber of Commerce has issued a call for Hong Kong’s government to kill a controversial bill in order to quell protests it said are harming business confidence. Hong Kong chief executive Carrie Lam has paused a vastly unpopular China extradition bill which led to widespread protests across the city. Read more: Hong Kong [...]
Vodafone rockets 8% amid IPO excitement July 29, 2019 | City Talk It’s been a long time coming, but Vodafone has a market-friendly strategy to underpin a recovery. The spin-off of the “TowerCo” business is by far the most scintillating development within Vodafone (LSE:VOD) first-quarter trading update. Vodafone had previously mentioned that it was planning to monetise this part of the business, and has now added some flesh to [...]
UK mortgage approvals rise but consumer lending slows July 29, 2019 Britain’s housing market received a modest lift in June as mortgage approvals increased by more than analysts had expected, Bank of England figures showed today. Read more: UK mortgage approvals hit two-year high following Brexit extension Annual lending growth to UK consumers slowed from 5.7 per cent in May to 5.5 per cent in June, [...]