Playtech profits fall due to “disappointing” Asian markets as chairman scoops pay rise August 23, 2018 Gambling software manufacturer Playtech has reported a 34 per cent in profits due to “disappointing” Asian markets. The gaming and casino software provider said adjusted net profit had fallen to €83.3m (£74.8m) in the first half of the year, despite revenue rising four per cent. Despite the profits falls, the company awarded chairman Alan Jackson [...]
Trump hits back at Michael Cohen after implicating him in campaign finance crimes August 22, 2018 Donald Trump has hit back at his former lawyer Michael Cohen after he implicated the President in crimes relating to his campaign finance. Trump's former personally attorney admitted to breaking US campaign finance laws after paying off the President's alleged mistresses on Tuesday. He said that he had done so at the direction of “the [...]
Scrapping 1p and 2p coins would have no significant impact on prices, Bank of England says August 22, 2018 Scrapping 1p and 2p coins would have “no significant impact” on prices, Bank of England economists have said. The government had considered scrapping coppers coins earlier this year but subsequently ruled out the move after a public backlash, with many arguing retailers would round up prices to the nearest 5p more often than rounding down. [...]
Carillion was ‘like a Ponzi scheme’ and inadequately scrutinised by government, top auditor says August 22, 2018 Carillion was “like a Ponzi scheme” and was inadequately scrutinised by the government, the UK's longest-serving auditor general has said. Sir John Bourn said he was “appalled” at the government for continuing to hand the outsourcing giant contracts, such as HS2, despite warnings. The outsourcing company, which had hundreds of public contracts that ranged from [...]
Superdrug tells thousands of customers to change passwords after cyber attack August 22, 2018 Thousands of Superdrug's online customers have been targeted by cyber criminals who claim to have obtained their personal details. The company told customers to change their online passwords after hackers claimed to have stolen information on approximately 20,000 users, but the retailer said it has only seen evidence so far that 386 accounts have been hacked. [...]
Banks told not to assume fraud victims are at fault as scams become more sophisticated August 22, 2018 Banks have been reminded to treat fraud victims fairly and not assume customers were “grossly negligent” following an increase in the sophistication of scams. The Financial Ombudsman Service (FOS) has told banks they should take into account the evolution and sophistication of frauds and scams. Banks are not liable for money lost if the customer is [...]
Sajid Javid to apologise to 18 of the Windrush generation August 21, 2018 The Home Secretary will formally apologise to 18 members of the UK's Windrush generation who may have been wrongfully removed or detained. Sajid Javid will personally apologise and point them towards a compensation scheme, it was announced earlier today. Amnesty International said the government's apology to just 18 people was “worrying” and it was just [...]
Polymetal earnings up 46 per cent following production at Kazakhstan gold mine August 21, 2018 Precious metals producer Polymetal reported an earnings increase of 46 per cent for the first half of the year after the opening of its gold mine in Kazakhstan boosted production. The Russian gold and silver producer said its net income rose to $175m year-on-year after production began at its Kyzyl mine in June. The company [...]
Flying taxis could be heading for London as German aviation firm opens discussions with the City August 21, 2018 Flying taxis transporting people around London could soon become a reality after a German aviation company said it was looking at how its autonomous vehicles could work in the City. Volocopter unveiled its air taxi infrastructure for cities – including landing stations on top of buildings, hotels, at transport hubs and shopping centres – earlier [...]
Former UBS rogue trader Kweku Adoboli temporarily spared deportation after intervention from MPs August 21, 2018 Former UBS rogue trader Kweku Adoboli has been spared detention and deportation after interventions from his legal team and MPs. The 38-year-old was convicted on two counts of fraud in 2012 after his unauthorised trading lost the Swiss banking giant £1.8bn – and in 2014 the Home Office issued him with a deportation order on [...]
