Tesco Bank hit with £16.4m fine for ‘largely avoidable’ cyber attack October 1, 2018 The financial watchdog has slapped a hefty £16.4m fine on Tesco Bank for a "largely avoidable" cyber attack that hit customers in 2016. The Financial Conduct Authority (FCA) said the bank had failed to exercise "due skill, care and diligence in protecting its personal current account holders" in the breach, in which attackers gained £2.26m. The FCA's executive [...]
Severe delays on London Overground between Surrey Quays and Clapham Junction October 1, 2018 The London Overground is running with severe delays this morning between Surrey Quays and Clapham Junction because of a faulty track. Earlier during rush hour there was no service between Wandsworth Road and Clapham Junction – one of London's busiest stations – because of a faulty train track at Wandsworth Road. Transport for London (TfL) said [...]
Ryanair shares fall as airline slashes profit guidance amid strike action October 1, 2018 Shares in budget airline Ryanair are down eight per cent this morning after it downgraded its full-year profit guidance by 12 per cent following a series of summer strikes by pilots and cabin crew. Chief executive Michael O'Leary blamed the downgrade on lower passenger traffic and forward bookings made because of the strikes. It now expects [...]
CCHQ to announce Tory candidate for mayor tomorrow morning September 27, 2018 Tory assembly members Shaun Bailey and Andrew Boff and councillor Joy Morrissey will know tomorrow whether they have been chosen to face Sadiq khan in the race to be the next mayor of London. Conservative Campaign Headquarters (CCHQ) will announce the successful candidate tomorrow morning at 11am. Conservative party chairman Brandon Lewis today tweeted his good luck to [...]
British Airways and Easyjet among airlines ‘most exposed to a no-deal Brexit’ September 27, 2018 British Airways and Easyjet are among the airlines that are particularly vulnerable to a "no-deal" Brexit, financial services firm Moody's has warned. The possibility of a no-deal Brexit, in which the UK would crash out of the EU on terms set by the World Trade Organisation (WTO), has been ramping up in recent months, as [...]
UK car production falls for third consecutive month in August September 27, 2018 UK car production declined for a third consecutive month in August by 13 per cent, due to model changes and maintenance shutdowns, the Society of Motor Manufacturers and Traders (SMMT) has said. Around 89,254 cars were produced last month. Domestic production fell by nearly 40 per cent while exports were down by 3.8 per cent to [...]
Commuters hit with double whammy of Piccadilly Line strike and District Line delays September 27, 2018 Commuters have been hit with a double whammy of travel disruption this morning as severe delays hit the Distrct Line between Upminster and Tower Hill and the strike on the Piccadilly Line entered its second day. Transport for London (TfL) said tickets would be valid on London buses for those using the District Line: https://twitter.com/TfLTravelAlerts/status/1045235046561587201 [...]
Philip Hammond confirms October date for Autumn budget September 26, 2018 Chancellor Philip Hammond has announced that this year's Autumn budget will be delivered on 29 October. I’m pleased to announce the Budget will take place on 29 October. I’ll set out how our balanced approach is getting debt falling while supporting our vital public services, and how we are building a stronger, more prosperous economy. [...]
Westminster and City Hall in tense standoff after council misses Sadiq Khan’s deadline for new Oxford Street plans September 26, 2018 Westminster City Council has said it will not meet Sadiq Khan's deadline for submitting its alternative plans for Oxford Street this month, in a move that risks further heightening tensions with City Hall over the abandoned project. The Conservative-led council was working closely with Transport for London (TfL) and City Hall on the pedestrianisation of Oxford Street [...]
Piccadilly Line suffers severe delays as union workers begin three-day strike September 26, 2018 A three-day strike on the Piccadilly Line will go ahead this lunchtime after talks between union workers and Transport for London (TfL) broke yesterday. The RMT rail union confirmed the strike by drivers will start today at 1pm through until Saturday. The RMT said TfL bosses has "scuppered" the talks by "refusing to bring [...]
