Court gears up to hear Morrisons’ appeal against landmark data breach ruling October 8, 2018 Supermarket giant Morrisons will launch an appeal tomorrow against the High Court's decision to find it vicariously liable for a data breach that hit over 100,000 employees. In December last year the supermarket chain was found to be legally responsible for the breach, which was carried out by former employee Andrew Skelton. Skelton, a former senior [...]
EU bank watchdog launches inquiry into Denmark’s handling of Danske Bank amid DOJ probe October 8, 2018 The European Union's banking supervisor has launched preliminary inquiries into Denmark's financial watchdog in relation to allegations of money laundering at Danske Bank through its Estonia branch. European Banking Authority chair Andrea Enria today informed the European parliament that it had launched a "preliminary breach of union law inquiries on … the Danske bank case in [...]
Fintech M&A deals swell to $40bn in first half of 2018 October 8, 2018 The fintech sector carried over 140 M&A transactions in the first half of 2018, at a total value of nearly $40bn (£30.48bn) – an increase of more than 26 per cent on the same period last year. The Fintech M&A market report, compiled by Hampleton Partners, says the surge in transaction values can be attributed [...]
Missing Interpol head Meng Hongwei resigns as China investigates possible law breaches October 7, 2018 China has confirmed it is holding the missing head of Interpol, Meng Hongwei, while its anti-corruption body investigates him for unspecified breaches of the law. The BBC reported last night that China's National Supervision Commission, which investigates cases of corruption involving public servants, confirmed on its website that it had detained Meng. Meng was reported [...]
Amazon eyes British retail space for grocery stores October 7, 2018 Online retail giant Amazon is eyeing up the acquisition of several sites in Britain to develop its checkout-free grocery business. The Sunday Times yesterday quoted sources as saying Amazon wanted stores of between 4,000 sq ft and 5,000 sq ft to house Amazon Go, an arm of the business that uses technology to track the [...]
Crossrail faces handover to government if costs continue to rise October 7, 2018 The government could take over the reins of Crossrail from its fellow joint sponsor Transport for London (TfL) if a lid is not kept on the costs of the £15.4bn project. The Sunday Times first reported that in Crossrail's sponsor agreement, signed in 2008, there is a clause that entitles the Department for Transport (DfT) [...]
Theresa May urges Labour voters to ‘look beyond’ party labels and back her plan for post-Brexit Britain October 7, 2018 Theresa May has launched a bid to woo disgruntled Labour voters, asking them to "look at her party afresh" and "beyond party labels". Writing in the Observer yesterday, May said she wanted the Conservatives to be a party "for the whole country" and that the Tories were capable of going beyond criticising the opposition. "To [...]
Fraudster-linked action group that took on RBS accused of overcharging investors October 7, 2018 Investors who signed up to an action group in a bid to sue RBS over its 2008 rights issue have been told they were collectively charged £8m through subscription payments, many of which should not have been made. The RBoS Shareholders Action Group company (AGC) brought together RBS shareholders who claimed the bank hid the true state of [...]
EU rejects aviation regulator’s push for no-deal Brexit transition talks October 5, 2018 The EU's aviation regulator rejected British calls for a joint no-deal Brexit transition plan in July, new letters reveal. In June, the UK's Civil Aviation Authority (CAA) chief executive Richard Moriarty wrote to his EU counterpart Patrick Ky to say it would be in "both their interests" to agree to a joint transition plan. "These [...]
Man who pushed former Eurotunnel boss onto Tube tracks found guilty of attempted murder October 5, 2018 A man has been convicted of attempted murder after he tried to kill former Eurotunnel boss Robert Malpas by pushing him onto Tube tracks. Forty-six-year-old Paul Crossley, of Leyton High Road, East London, was today found guilty of attempted murder after he pushed Malpas onto train tracks at Marble Arch station in April this year. He was [...]
