Don’t be fooled by the Tesco Bank hack – Hackers are more likely to go after firms outside of financial services November 9, 2016 Despite the recent high profile hack on Tesco Bank, cyber criminals are increasingly unlikely to target financial services firms. The Tesco Bank attack – branded unprecedented by top regulators – runs against the trend for hackers to focus on non-banks with lower levels of cyber security, City law firm RPC has warned. According the law firm data [...]
Reducing taxes, ending trade deals, squaring up to China and blocking mega-deals: Do Donald Trump’s policies add up? November 9, 2016 Casual observers of the US presidential election campaign may be surprised to learn that Donald Trump’s policy plans extend beyond building a wall across the Mexican border and banning Muslim people from entering the US. In fact, the Republican has set out plans for change across 15 policy areas, including foreign policy, national defence, infrastructure, cybersecurity and regulations. [...]
Britain’s coal-fired power stations likely to close by 2025 as government orders plants to halve carbon emissions or shut down November 9, 2016 Britain's eight remaining unabated coal power stations will be forced to close in 2025 unless they can halve their carbon emissions, the government said today. However, the process to install technology to dramatically cut emissions and become "abated" power stations is thought to be so costly that the last plants will not be able to accomplish [...]
Sadiq Khan wants Donald Trump to do everything in his power to unite America November 9, 2016 Sadiq Khan has called on Donald Trump to "do everything in his power" to unite America after a highly divisive US election campaign. The Mayor of London said the President-elect has "clearly won" the contest, but warned that "emotions are understandably running high". It’s no secret that I’m no fan of Donald Trump or the way [...]
Is this the official death of political polling? Predictions had Hillary Clinton to win November 9, 2016 Donald Trump's victory has delivered a fatal blow to pollsters, whom will now have their maths, models and methods heavily scrutinised until they can figure out exactly what went wrong. National polls were giving Hillary Clinton the edge last night as America went to the polls. But within hours, the chance of a victory for [...]
Major delays on Thameslink and East Midlands Trains between Bedford and London St Pancras November 9, 2016 Thameslink and East Midlands Trains services are subject to severe delays this afternoon, after wiring damage caused yesterday led to signalling problems that have persisted today. National Rail said a severely limited train service will be in operation and customers are advised to use alternative routes, as services that are able to run are likely to be [...]
Nigel Farage on Donald Trump’s victory in the US Presidential election: “The establishment is in deep shock” November 9, 2016 Nigel Farage has warned that "the establishment is in deep shock" after Donald Trump's victory in the US Presidential election. In a statement today following a night of silence from Farage – save for one tweet, in which he promised to "hand over my mantle" to Trump, and a short interview – Farage said we were witnessing "the [...]
Investment by businesses is expected to be broadly stable or slightly lower over the next year, according to BoE agents (they’re not secret agents though) November 9, 2016 Business investment by UK firms is expected to slow over the next 12 months – but not by a lot. The Bank of England said a survey carried out by its regional agents pointed to broadly stable or slightly lower investment spending over the coming year. Uncertainty around future demand for goods and trading arrangements as the UK [...]
Wizz Air bats away Brexit turbulence with record first half profit after halving its plans for UK growth November 9, 2016 The largest central and eastern European low-cost airline, Wizz Air Holdings, has committed its future to the UK market despite Brexit, as it stuck to full-year profit forecast. The figures Profit for the half was a record €253.3m – up 39.1 per cent on last year, while underlying profit after tax was €231.6 million (a year-on-year increase [...]
Here’s what tech stocks are doing after Trump’s win November 9, 2016 Shares in Google parent Alphabet, Apple and Amazon were down more than two per cent in pre-market trading on Wednesday after Donald Trump clinched victory from Hillary Clinton to become the next President of the United States. Many of the firms hold billions of dollars in profits offshore so they don't have to pay a 40 [...]