UK scores top marks in anti-money laundering review December 7, 2018 The UK’s finance sector scored top marks in a review by a global anti-money laundering watchdog published today. However, due to its status as the largest financial services provider in the world, it still faces a “significant risk” of money laundering, the Paris-headquartered Financial Action Task Force said. While Britain has a “robust” regime to [...]
‘Systemic failures’ led to commuter chaos after May’s timetable changes, says regulator December 7, 2018 Train companies must put passengers at the heart of decision-making to prevent a repeat of May’s timetable chaos, the Office of Rail and Road (ORR) said today. The ORR published a raft of recommendations to improve rail services for passengers in phase two of its review into major rail disruption earlier this year, saying "systemic [...]
Bitcoin crashes to 15-month low after SEC postpones ETF decision again December 7, 2018 Bitcoin has fallen to its lowest value in more than a year as it slipped closer to $3,000. The cryptocurrency hit $3,348 this morning, according to Luxembourg crypto exchange Bitstamp, after a sell-off starting late last night that saw it lose as much as 7.8 per cent in value to drop to its lowest point [...]
UK house price growth slumps to six-year low December 7, 2018 UK house prices grew by their weakest rate in almost six years last month, according to figures released today. Boasting just 0.3 per cent growth in the three months to the end of November compared to the same period last year, house prices fell to their lowest growth since December 2012, according to Halifax. House [...]
Former Nissan chairman Carlos Ghosn faces financial misconduct indictment and rearrest on Monday December 7, 2018 Former Nissan chairman Carlos Ghosn is due to be indicted on Monday, according to reports. The car industry veteran responsible for the Nissan-Renault alliance faces indictment on charges of financial misconduct after the weekend, according to the Nikkei Asian Review. Tokyo prosecutors must release Ghosn on Monday if they do not charge him, or rearrest [...]
O2 restores 3G and 4G services after Ericsson software issue led to day-long data outage for 32m customers December 7, 2018 O2's network has been fully restored after a data outage affecting up to 32m customers lasted the entirety of Thursday. Problems were first reported at around 5.30am yesterday, with O2 customers saying they could not use 3G or 4G data. The error also took down Giffgaff, Sky's mobile services, Lycamobile and Tesco Mobile, which all rely on [...]
FTSE 100 plunges to a two-year low as US-China trade war fears intensify December 6, 2018 The FTSE 100 plunged to a two-year low today as US-China trade war tensions weighed on European stocks. London’s main index fell by as much as 2.5 per cent this morning as blue-chip companies were burnt by fears that China and the US trade war could intensify after a key Huawei executive was arrested overnight. [...]
CBI: May must secure support for Brexit deal for UK economy to post moderate growth December 6, 2018 The UK economy will have a tough time posting even moderate growth next year without an orderly Brexit, the Confederation of British Industry (CBI) warned today. The CBI’s forecast of 1.3 per cent growth in 2018, 1.4 per cent in 2019 and 1.6 per cent in 2020, a slightly lower set of predictions than the [...]
Facebook documents: Four things we learned from 250 pages of confidential emails December 5, 2018 Parliament today published a tranche of confidential Facebook documents it seized as part of an inquiry into fake news. The release of nearly 250 pages of internal documents, seized from a tech firm suing the tech giant, includes emails sent between chief executive Mark Zuckerberg and COO Sheryl Sandberg. Damian Collins, chair of the Digital, [...]
Stagecoach shares climb 15 per cent despite £85m balance sheet blow from US division December 5, 2018 Stagecoach shares climbed by 12 per cent this morning despite its writedown of its US, as investors focused on the business’s underlying performance in the UK. The figures Stagecoach revenue fell to £1.23bn in the six months to the end of October, down from £1.79bn in the same period in 2017. Underlying profit before tax [...]
