Iranian cyber attack harvested details of MPs and chief executives April 3, 2019 Iranian hackers launched cyber attacks on key parts of British infrastructure, gaining access to MPs' mobile phone numbers, in a major breach just before Christmas, according to reports. The 23 December attacks are also said to have hit UK private-sector firms including the Post Office and banks, as well as local government networks. Sky News yesterday [...]
AI startup Onfido tops $100m investment as it closes $50m funding round led by Softbank and Salesforce April 3, 2019 Digital identity startup Onfido today closed a $50m (£38m) funding round led by Softbank, bringing its total investment above $100m. Read more: London fintechs dominate startup programme as they bid to scale-up Salesforce Ventures also co-led the funding round with Softbank Investments (SBI), while Microsoft’s M12 fund and existing investors also contributed. London-headquartered Onfido will [...]
Santander to slash UK costs as part of bid to save €1.2bn across Europe April 3, 2019 Santander has unveiled plans to slash costs by a further €1.2bn (£1.03bn) in its European operations, including its UK business. The bank said it would aim for incremental annual cost savings of €1.2bn through focusing on scale and efficiency – with a tenth of that hitting Santander UK. Read more: Santander UK profits slump 14 [...]
Tory business backers say Conservatives have morphed into party of ‘economic destruction’ April 3, 2019 The Conservative party has embarked on a path of "economic destruction" and is no longer the friend of business, a number of high-profile entrepreneurs have warned. Every Tory MP will today receive a letter from a number of Conservative-supporting business figures demanding a confirmatory referendum on Brexit following the political deadlock. The letter, signed by the [...]
Turkish inflation stays below 20 per cent as election results remain uncertain April 3, 2019 Turkish annual inflation stayed just below 20 per cent in March, according to data posted by the country’s statistics institute today as wrangling over local elections continues. Read more: Turkish lira falls against dollar as US suspends fighter jet delivery The inflation rate increased very slightly from February but was well below the highs seen towards [...]
Six tips to protect your portfolio during a market downturn April 3, 2019 When equity markets took a turn for the worse towards the end of last year, the onslaught of predictions about the end of the 10-year bull run came flooding in. With the markets creeping upwards since the start of 2019, it now seems that expectations of a bear market were premature. Even experienced fund managers [...]
Stagecoach shares rise as it lifts earnings forecast after UK rail businesses beat expectations April 3, 2019 Shares in Stagecoach have risen this morning after the company raised earnings forecasts following stronger growth in its rail businesses. The transport operator said the better-than-expected performance of its UK rail division would lead to an annual profit boost. In May last year the government stripped Stagecoach of its Virgin East Coast contract for trains [...]
Flybe cancels dozens of UK flights as it apologises to passengers April 3, 2019 Flybe has cancelled dozens of flights this morning, blaming a mix of operational issues including a shortage of pilots and staff holidays. Read more: Flybe shareholders approve airline sale to Virgin-led Connect Airways Planes due to leave Southampton, Newcastle, Aberdeen and Edinburgh were impacted, as well as five flights from Belfast City Airport and four [...]
Superdry shares dive after board exodus April 3, 2019 Superdry shares dived in morning trading as investors digested yesterday’s investor vote which saw the return of co-founder Julian Dunkerton and a dramatic board exodus. Shares in the troubled retailer fell 11 per cent to 445p this morning, adding to an eight per cent drop which the company suffered yesterday before markets closed. Read more: [...]
Army launches investigation into video showing soldiers using Jeremy Corbyn picture for target practice April 3, 2019 The Ministry of Defence (MoD) has launched an investigation after footage emerged showing British soldiers firing at a poster of Jeremy Corbyn. The video, first reported by Sky News, shows four soldiers firing weapons into the distance, and later pans round to show a poster of the Labour leader being used as the target. A [...]