TalkTalk hack: 17-year-old boy admits seven offences November 15, 2016 A 17-year-old boy has admitted seven hacking offences in connection with the TalkTalk data breach in Norwich Youth Court today. The teenager, who cannot be named, pleaded guilty to seven charges under the Computer Misuse Act. The data breach occurred last year and the telecoms firm was hit with a record £400,000 fine by the UK data regulator [...]
Financial Conduct Authority approves Tullett Prebon takeover of Icap’s voice broking business November 15, 2016 The Financial Conduct Authority (FCA) has given its nod of approval to Tullett Prebon’s acquisition of Icap’s voice broking and information business. The deal has already received backing from the Competition and Markets Authority (CMA) and Tullett expects to complete the transaction this year. Read more: Broker Icap makes new chief exec appointment after deal [...]
Businesses divided over the announced HS2 route north of Birmingham November 15, 2016 The government's announcement of the planned route for Phase Two of HS2 has had a mixed response from businesses. The British Chambers of Commerce (BCC) welcomed the economic boost it said the news brought. "For many business communities, especially in the cities of the Midlands and the North, the confirmation of HS2's route north of [...]
Swathes of pensioners are suffering from buyer’s remorse after cashing in pensions November 15, 2016 Tens of thousands of savers are blissfully unaware of the risks of drawing cash lump sums from retirement savings according to research released today. As part of former chancellor George Osborne's push to give Britain's retirees greater pension freedoms, a tax-free lump sum of up to 25 per cent was introduced in 2015. Read more: Enthusiasm for Osborne's [...]
Sadiq Khan ditches initial Westway cycle superhighway plans November 15, 2016 Plans to create a cycle superhighway by removing a lane from the A40 Westway flyover have been ditched. Sadiq Khan axed the idea and is recommending changes to the scheme. More details will be announced in the coming weeks. While the idea of removing one of three lanes drew 71 per cent support from a Transport for [...]
TalkTalk boss Dido Harding: Customers “trust us more” after handling of cyber attack November 15, 2016 Dido Harding, the chief executive of TalkTalk, believes her company has improved as a result of last year’s cyber attack. More than one year on from the hack, which affected 157,000 customers, Harding told City A.M. she does not believe the recovery process will ever end. Speaking shortly after Tesco Bank was rocked by a [...]
Mark Carney accuses politicians of a “massive blame-deflection exercise” and warns City firms to hold off leaving UK November 15, 2016 Mark Carney today defended central bank policies in front of MPs, saying that politicians blaming inequality on the actions of central bankers were engaged in a “massive blame-deflection exercise”, while also warning firms not to leave the City because of Brexit. The Bank of England governor held firm on the bank’s forecast of inflation above [...]
Defence and aerospace group Meggitt returns to growth and appoints former Rolls-Royce executive as COO November 15, 2016 Shares in aerospace and defence giant Meggitt rose almost five per cent today after the firm appointed a former Rolls-Royce executive as its new chief operating officer and reported a return to organic growth. Tony Wood, a former head of aerospace at Rolls-Royce, will join Meggitt on 1 December. Chief executive Stephen Young said Wood's "extensive industry [...]
Thousands of London Underground staff vote to go on strike, says RMT November 15, 2016 The Rail, Maritime and Transport (RMT) union has announced that workers on the London Underground have voted to go on strike in two separate disputes. The RMT carried out two separate ballots: one of 400 Piccadilly Line drivers and the other of over 3,000 station workers. The union said the former was over a "wholesale breakdown" [...]
Amazon Restaurants’ food delivery expands to more London locations November 15, 2016 Tech giant Amazon is ramping up its battle with Deliveroo and UberEats, extending its food delivery service to more locations in London. Amazon Restaurant has added more than 20 new areas to the list of locations it delivers food to, from restaurants such as Strada and Pod. Read more: Black Friday: Four pairs of wireless [...]