Lloyd’s of London cyber risk report: 97 per cent of UK businesses have experienced a data breach in the last five years September 19, 2016 UK firms have fared worse than companies in other major European economies on the cyber security front in recent years. According to new data from Lloyd's of London, 97 per cent of UK firms have experienced a data breach in the last five years, against an average of 92 per cent of firms across Europe. Firms [...]
Labour leadership: Channel 4 Dispatches goes undercover in Jeremy Corbyn supporters group Momentum September 19, 2016 A documentary set to air tonight will provide an undercover look at Momentum, the grassroots group of supporters backing Labour leader Jeremy Corbyn. Channel 4 said Dispatches has discovered "a number of hard left revolutionaries inside and influencing Momentum, one of whom advocated a “flood” into the Labour Party and others that want to oust anti-Corbyn MPs [...]
LV= operating profit more than halves after poor general insurance performance September 19, 2016 Mutual insurance, retirement and investment group LV= revealed today that operating profit had dropped to £33m in the six months to 30 June, down from £79m this time last year. The firm's chief executive, Richard Rowney, who replaced previous boss Mike Rogers this year, said the lower group operating profit "reflects lower operating profits in the [...]
Mitie issues profit warning citing “significant economic pressures” in the wake of the EU referendum September 19, 2016 Outsourcing group Mitie has warned that it expects both revenue and operating profit for the six months to 30 September to fall short of previous expectations – causing its shares to tumble by 26.77 per cent in early trading. The stock dropped to 198.83p, down from a previous close price of 269p. The FTSE 250 [...]
Mayor of London slammed over RMT union’s planned Tube strikes on Hammersmith & City and Circle Lines September 15, 2016 Mayor of London Sadiq Khan has been slammed today over his lack of response to a Tube strike planned by drivers on the Hammersmith & City and Circle Lines, due to start tonight. The RMT union said this morning that, following an "overwhelming vote for action" by drivers who are union members, 24 hours of strike [...]
Morrisons reports improved sales and increased profits and says Brexit has had no negative effect September 15, 2016 Shares in Morrisons jumped almost five per cent as the market opened, after the supermarket reported an increase in sales during the 26 weeks to 31 July, and said it hasn't seen any ill effects from the Brexit vote. The figures Revenue dipped to £8.03bn from £8.06bn this time last year, however like-for-like sales in the first [...]
TfL warns Hammersmith & City and Circle Line workers to go on strike Today and Friday September 14, 2016 Transport for London (TfL) has warned Londoners that there may be a strike on the Circle and Hammersmith & City lines today and tomorrow. Some drivers on these two lines who are RMT union members are currently planning to strike from 21:30 on Thursday 15 September for 24 hours, TfL said. which will see some drivers not book [...]
Dunelm Group reveals seven per cent uptick in revenue as it hikes dividend by 17 per cent September 14, 2016 Furniture retailer Dunelm Group has hiked its dividend after reporting increased revenues and profits for the 52 weeks to 2 July. The figures Total revenues grew 7.1 per cent to £880.9m from £835.8m the year before. Operating profit was up to £129.3m from £122.5m, a 6.6 per cent year-on-year change, while pre-tax profit was up 6.2 [...]
UK could tie global Bank for International Settlements currency trading code into new senior managers rules September 14, 2016 The UK could be set to add another layer of scrutiny to its senior managers regime, by adding a requirement that bankers stick to the Bank for International Settlements' (BIS) new global code of conduct for the FX market. The first full draft of the code is expected by the market in October, with the final [...]
Ford warns on profit for 2017, blaming increased spending on electric vehicles and driverless cars September 14, 2016 Ford Motor said today that its profit in 2017 will decline from its result for this year, because it has ramped up spending. The car manufacturer said it has increased spending on emerging opportunities and other costs – including electric vehicles and driverless cars. Last week, the company lowered its 2016 pre-tax profit forecast to [...]
