Myspace loses 12 years worth of music in botcher server migration March 19, 2019 Fallen social media giant Myspace has admitted to losing 12 years worth of music following a botched server migration. Read more: European data breaches hit 60,000 in eight months An estimated 50m songs from 14m artists that were uploaded onto the website between 2003 and 2015 are lost, the once-great social network said. The firm blamed a [...]
Marshalls shares race to record high: What now? March 19, 2019 | City Talk Up 78 per cent since we backed them, the shares are still not expensive and the business is in great shape. Marshalls (LSE:MSLH) is an easy company to like. It makes things we all use on a daily basis, and it makes them well. Despite Brexit and a weak construction sector, its concrete paving slabs have [...]
Gold, the Federal Reserve, and the dollar – what’s driving up precious metal prices? March 19, 2019 Gold has been making a comeback. After a long period with little activity last year, the precious metal’s value has risen as stock markets have struggled and fallen. Combine the volatility of equities with the increase in geopolitical fears, and many investors are re-evaluating whether to increase the amount of gold in their portfolios. The [...]
Sainsbury’s and Asda double down on £1bn price cut pledge to salvage deal March 19, 2019 Sainsbury’s and Asda have outlined their pledge this morning to slash shop prices as a result of a planned merger, doubling down on efforts to push through a major tie-up despite being dealt a recent devastating blow by Britain's competition watchdog. The two grocery giants, who suffered a setback last month when the Competition and Markets [...]
Germany’s forced marriage of Deutsche Bank and Commerzbank may not work out March 19, 2019 Germany seems to be obsessed with the idea of creating a national banking champion. Is it a way of standing up to the big-ticket US banks, or reaffirming Germany’s dominance as the biggest European economy? Either way, it looks like the country is pushing to create yet another “too big to fail” bank. Back in [...]
Cadbury pulls Freddo ad campaign amid accusations it encouraged children to loot March 19, 2019 Chocolate manufacturer Cadbury has scrapped an ad campaign following complaints it encouraged children to carry out “illegal excavation and looting”. The Freddo Treasures campaign, which urged children to “grab your metal detector and go hunting for Roman riches”, faced backlash from archaeologists and a government minister, who pointed out digging without the landowner’s consent is [...]
Theresa May gathers cabinet after Bercow deals fresh blow to her Brexit deal March 19, 2019 Theresa May is set to push on with her deal despite Commons speaker John Bercow threatening to derail the process yesterday. Read more: 'Constitutional crisis' as Bercow blocks another vote on May's Brexit deal Today Brexit secretary Stephen Barclay suggested a vote could occur next week despite Bercow saying “substantial changes” must be made to [...]
Metro Bank urged to shake up board amid regulatory probes as it looks to hire new risk managers March 19, 2019 Metro Bank has come under pressure to shake up its board amid regulatory probes into a loans blunder. The challenger bank is set to make changes to its senior management team but there are still no major casualties following the error, which has sent shares tumbling more than 50 per cent and has sparked two [...]
Nicky Morgan calls for investigation into possible regulatory failings in collapse of lender London Capital & Finance March 19, 2019 The chair of the Treasury Committee Nicky Morgan MP has called for an investigation into whether there were regulatory failings surrounding the collapse of lender London Capital & Finance (LC&F) which went into administration in December. Morgan has written to the board of the Financial Conduct Authority (FCA) to ask it to consider whether the [...]
Mulberry finance boss heads for the exit March 19, 2019 Mulberry has announced the resignation of its finance chief this morning, who is departing the luxury fashion house months after it posted widening losses and suffered a sharp drop in its share price. Neil Ritchie, who took over the post as group finance director just three years ago, will step down from his role at [...]