How the arrival of the World Wide Web has changed the mortgage market March 12, 2019 In 1989, the Swiss physics laboratory, CERN, was buzzing with information but it had one big problem: ideas, data and knowledge held by the lab was stored across incompatible computers. A young scientist, Tim Berners-Lee, envisioned creating a unifying structure for sharing information across its computer systems. He wrote a proposal for a linked information [...]
‘Serious First Amendment issues’: Tesla CEO Elon Musk’s lawyers slam SEC’s latest attack on tweets March 12, 2019 Lawyers for Elon Musk say that the US financial regulator's claims that the Tesla chief executive violated a previous settlement by posting a tweet has serious implications for First Amendment issues. Read more: Regulator accuses Elon Musk of misleading investors with new Tesla tweet The Securities and Exchange Commission (SEC) had asked a New York [...]
Computacenter shares jump on strong 2019 outlook March 12, 2019 Shares in Computacenter jumped nearly five per cent today, despite the FTSE 250 company reporting a slight drop in profit in its annual results. The company said profit fell 3.2 per cent to £108.1m, despite a nearly 15 per cent increase in revenue to £4.4bn. It increased its dividend 16 per cent to 30.3p per [...]
Vegan sausage rolls and a Nandos uniform: 25 weird items people left in their Uber rides March 12, 2019 A Nandos uniform, a painting of the Last Supper, a tooth and a Gregg's vegan sausage roll are just some of the items that British passengers have left behind in Uber cars in the last year. While some witty Brits simply reported leaving behind their dignity and pride in an Uber – presumably after [...]
Rail review head Keith Williams hints at compensation role for regulator March 12, 2019 The former British Airways chief executive tasked with a full-scale review of the railways has hinted that the industry regulator could be tasked with handling compensation claims. Keith Williams, who was appointed by the government to carry out the review in the wake of last year's May timetable chaos, suggested the rail industry could learn from the [...]
Merkel insists Germany has its own standards after US warning on Huawei March 12, 2019 German Chancellor Angela Merkel has hit back at a warning from the US over the use of Huawei 5G equipment, saying Germany will set its own security standards for the new network. “Security, particularly when it comes to the expansion of the 5G network, but also elsewhere in the digital area, is a very important [...]
Challenger banks ‘still a year away’ from competing with major lenders, Aldermore chief executive Phillip Monks says March 12, 2019 Challenger banks are still at least a year away from being able to fully compete with the dominant UK lenders, according to the chief executive of Aldermore. Phillip Monks, who founded the first UK challenger bank 10 years ago, said the main players in the sector must secure a licence to adopt an internal ratings-based [...]
Property developer Weston buys Watford Laundry Factory for £85m March 12, 2019 Property developer Weston Homes has bought the historic Watford Laundry Factory for £85m as it begins work on a new residential development. The company will transform the site into a new scheme providing 227 new homes and a new commercial facility. The Watford Laundry Factory was founded in 1907 and has a long history of [...]
Lending rises for remortgages but falls for UK house buyers at end of 2018 March 12, 2019 Mortgage lending was up for remortgaging and down for house purchasing in Britain in the fourth quarter of 2018 compared to a year earlier, new statistics by the Bank of England and Financial Conduct Authority (FCA) have shown. The proportion of high loan-to-income (LTI) loans, those greater than four times the value of annual income [...]
EU drops plans for digital tax as pressure builds for global reform March 12, 2019 The EU has scrapped plans to roll out a digital tax on tech giants due to opposition from several member states. Romanian finance minister Eugen Teodorovici today told representatives of EU governments the plan has been axed as no agreement could be reached after months of talks, Reuters reported. Read more: EU digital tax could [...]