UBS shareholders revolt against leadership over €4.5bn French tax fraud fine May 2, 2019 UBS shareholders have refused to approve the performance of the bank’s leadership following a €4.5bn tax evasion fine. The Swiss banking giant was issued the fine by a French court in February after being found guilty of laundering the proceeds of tax evasion. Read more: UBS fined €4.5bn in French tax fraud trial but vows [...]
Guilty until proven innocent? May 2, 2019 The brutal but surgical dismissal of Gavin Williamson, the secretary of state for defence, came like a sudden bolt from a clear blue sky. The Huawei leak scandal had been brewing for a while, but Whitehall veterans assumed, as did many, that it would go the way of a thousand government leak inquiries before it; [...]
US attorney general William Barr ducks Mueller report hearing amid calls to quit May 2, 2019 US attorney general William Barr has refused to appear in front of the House Judiciary Committee today, after facing a grilling in the Senate yesterday over his handling of the Mueller report. In a statement released yesterday, a spokesperson for the Department of Justice said that it was in part the Judiciary committee's decision to have a [...]
Rolls-Royce Trent 1000 engine repairs to be made ‘within budget,’ despite recent return of issues May 2, 2019 Rolls-Royce shares rose today after it said it would be able to fix a long-running engine problem which has left passenger jets grounded for months at a time within its original budget. Read more: Rolls-Royce brings forward engine health checks as issues return The issue, in which parts of itsTrent 1000 engine model deteriorate faster [...]
VCs delay funding for London’s tech startups after the latest Brexit delay May 2, 2019 The latest Brexit extension has struck hesitancy into the heart of London’s venture capitalist scene as funders delay investments in the UK tech sector. Read more: Tech sector activity gets a boost despite falling optimism Almost a quarter of the capital’s technology startups have suffered a drop in VC funding since the end of 2018 [...]
Russian state broadcaster RT is a ‘weapon of disinformation’, says Jeremy Hunt May 2, 2019 Foreign secretary Jeremy Hunt has slammed Russian state broadcaster RT, describing it as the country’s “weapon of disinformation”. Addressing an audience in Ethiopia, Hunt launched a searing attack on the channel, formerly known as Russia Today, over its coverage of the Salisbury novichok poisonings last year. Read more: Mirror publisher Reach revenues slip amid pressure on [...]
Gavin Williamson claims a police investigation into claims he leaked would clear his name May 2, 2019 Disgraced former defence secretary Gavin Williamson has challenged Theresa May to trigger a police investigation into claims he leaked information from a top secret government committee. Williamson, who was dramatically axed from the cabinet on Wednesday, believes May would have to give him the “nicest apology” after a Met inquiry as it would clear him [...]
Activist investor Ed Bramson suffers heavy defeat in battle for seat on Barclays board May 2, 2019 Activist investor Ed Bramson has suffered a heavy defeat in his battle to win a seat on the Barclays board. Shareholders votes came in at 87.2 per cent against his election, as the US-based investor was only able to amass 12.8 per cent of the vote. Aside from his own 5.5 per cent stake, and factoring [...]
London mayor Sadiq Khan’s approval rating goes negative for first time since election May 2, 2019 London mayor Sadiq Khan’s popularity has dropped into negative figures for the first time. Data from a You Gov poll for December showed Khan had a net approval rating of minus one. The poll of 1,000 people, commissioned by City Hall, showed 32 per cent said they were satisfied and 33 per cent dissatisfied. Read [...]
50,000 businesses exposed to cyber attacks through SAP systems May 2, 2019 Up to 50,000 businesses running Sap software are at risk of being hacked after security researchers uncovered new ways to exploit insufficiently protected systems. German firm Sap, which provides software to more than 90 per cent of the world’s top 2,000 firms, said it had issued guidance on configuring security settings in 2009 and 2013. However, security [...]