Marks and Spencer’s profits plunge in first half as it announces plans to pull out of ten international markets November 8, 2016 Marks & Spencer has unveiled plummeting profits for the 26 weeks to 1 October, once again blaming its struggling clothing arm for dragging on the rest of the business, and outlined plans to close 60 stores. The figures Group revenue was up by 0.9 per cent to £4.99bn from £4.95bn in the first half of last [...]
Here’s everything you need to know about the Tesco Bank fraud attack November 7, 2016 Tesco Bank has halted online payments as it deals with a massive fraud attack on its current account customers. The bank discovered a number of its customers' accounts had been subject to online criminal activity over the weekend. Here's what we know so far: Money was taken from 20,000 current accounts Tesco Bank's chief executive Benny [...]
Andrew Tyrie on Tesco Bank fraud attack: “We can’t carry on like this.” November 7, 2016 A senior MP today slammed banks' IT systems in the wake of a fraudulent attack on Tesco Bank current accounts over the weekend. Money was taken from around 20,000 Tesco accounts, the bank confirmed today, in an attack that was discovered on Saturday. Customers have been unable to make transactions online as a result of [...]
Two prisoners escape from Pentonville prison in North London November 7, 2016 Two prisoners have escaped from Pentonville prison in north London. The Ministry of Justice announced the escape from the Islington prison this afternoon. The prisoners have not yet been named. A Prison Service spokesperson said: "Two prisoners at HMP Pentonville were found to be missing on Monday 7 November. "Public protection is our top priority and [...]
MPs pay surprise visit to Sports Direct’s Shirebrook warehouse November 7, 2016 MPs have made a surprise visit to Sports Direct's Shirebrook warehouse to take a look at how the retailer is progressing with improvements to its working practices. The Telegraph has reported that Iain Wright MP, chair of the business, energy and industrial strategy committee, which led an inquiry into Sports Direct earlier this year, gave [...]
Top 10 passwords that leave you open to a cyber attack November 7, 2016 Very few people are immune to the struggle that is trying to keep track of the passwords to all the various online accounts that come part and parcel of modern life. With passwords required for everything from email accounts to online banking and shopping, it's understandable that people will opt for something easy to remember [...]
Tesco Bank halts online payments after thousands of customers affected by fraudsters November 7, 2016 Tesco Bank has halted online payments for its current account customers due to fraudulent activity over the weekend. The bank identified "suspicious activity" via its fraud prevention systems on Saturday and yesterday warned thousands of customers that they may have been targeted by fraudsters. Today, chief executive Benny Higgins said online transactions from current accounts had [...]
Ryanair reports hike in first half profit in the face of weaker sterling November 7, 2016 Ryanair has reported an increase in profits during the first half of 2016, despite what boss Michael O'Leary described as "difficult market conditions" in the aftermath of Britain's vote to leave the EU in June. The figures Revenue rose two per cent in the three months to 30 September, to €4.13bn (£3.68bn) from €4.04bn. Profit after tax [...]
London security: Six things Sadiq Khan is considering to tackle terrorism in the capital October 28, 2016 London mayor Sadiq Khan is considering a range of new ways in which to tackle potential terror attacks in the capital, after the publication of a new report on the city's preparedness to deal with threats. The report comes a week after a potential attack was thwarted when a suspicious package was found on a Tube train [...]
Sterling drops sharply as Northern Ireland High Court dismisses legal challenge to Brexit process October 28, 2016 Sterling dropped sharply this morning on news that the High Court in Northern Ireland has ruled that the region will not be able to veto Brexit on behalf of the UK. The pound fell by around 0.13 per cent against the dollar and by more than 0.2 per cent against the euro on the news. [...]
