Nationwide wins big in mass switch from FTSE 100 banks July 30, 2025 Nationwide has raided the customer base of Britain’s banking titans as current account switchers flocked away from legacy firms. The building society welcomed nearly 73,000 switchers in the first three months of the year, compared to 17,000 outflows, according to Pay.uk data. This comes after the mutual returned billions to customers in 2024, whilst the [...]
Christian Dior: UK sales and profit slashed despite demand for watches and jewellery July 28, 2025 Sales and profit at the UK arm of Christian Dior have been slashed despite the uptick in demand for the luxury fashion brand’s watches and jewellery. The London-based division’s revenue fell from £32.4m to £280m in the year while its pre-tax profit was also cut from £46.6m to £27.6m over the same period. Its latest [...]
Fraud risk surges as leaked files expose UK firms July 22, 2025 London’s cyber watchdogs are sounding the alarm over a growing wave of corporate data breaches, as new research reveals the vast majority of leaked datasets now include sensitive financial and personal files, fueling a sharp rise in fraud, cybercrime and reputational risk. A landmark study published on Tuesday by Lab 1, an AI-driven cybersecurity platform, [...]
Arrests made after M&S, Co-op and Harrods cyber attacks July 10, 2025 Four people, including three teenagers and a 20-year-old woman, have been arrested in connection with a wave of cyber attacks that crippled M&S, the Co-op and Harrods. The group allegedly unleashed ransomware that stole millions of customer records, shut down online orders and left supermarket shelves bare. The National Crime Agency (NCA) said the individuals [...]
M&S chair: UK needs to muscle up to tackle cyber threats July 8, 2025 M&S chair Archie Norman has said the UK is probably underresourced to tackle cyber threats and needs to boost its security level to encourage investment. Speaking to lawmakers on Tuesday, Norman said that the UK is “just not resourced up to operate at [the US] level.” “It’s very advantageous if we in this country have [...]
M&S shares sink lower after failing to recover from cyber attack July 8, 2025 Shares in FTSE 100 giant M&S are now lower than they were at the height of the cyber attack that hit the British icon earlier this year. The retailer’s shares are currently changing hands for 337p, after declining steadily from their 374p price on 16 June. That price was itself a recovery from the low [...]
NCC Group pivots on cyber security amid rising demand June 19, 2025 FTSE 250 tech firm NCC Group said it was changing the strategic direction of its cyber security division after revenue took a hit in the first half of the financial year. NCC’s revenue from cyber security tumbled nearly eight per cent to £123.5m for the first half of the year, down from £133.9m for the [...]
UK unveils cyber security war chest after M&S and Co-op attacks June 18, 2025 The UK government has launched a £16m war chest with the aim to accelerate growth in the country’s cyber security industry in the wake of high-profile attacks against the likes of M&S, the Co-op and Harrods in recent months. Unveiling the funding, the Department of Science, Innovation and Technology (DSIT) said the cyber growth action [...]
23andMe handed huge fine days after rescue June 17, 2025 Testing firm 23andMe has been fined more than £2m for failing to protect the sensitive personal and genetic data of more than 155,000 UK customers, in what regulators described as a “profoundly damaging” breach. The UK’s Information Commissioner’s Officer (ICO) has fined the company £2.31m following a joint investigation with its Canadian counterpart, the Office [...]
Bank of England loses hundreds of laptops amid rising cyber threats June 13, 2025 The Bank of England has come under fire after losing hundreds of tech devices worth nearly £300,000. Figures seen by City AM reveal the Bank of England lost or had stolen over 300 laptops, tablets and phones between May 2022 and March 2025. Patrick Sullivan, chief executive of think tank Parliament Street, said: “The Bank [...]