ICO fines British Airways £20m for data breach October 16, 2020 The ICO has fined British Airways £20m for a data breach affecting more than 400,000 customers. The watchdog found that the airline was processing personal data “without adequate security measures in place” breaking data protection law. Subsequently BA suffered a severe cyber attack in 2018, which it did not detect for more than two months. [...]
A fairy tale or history in the making? October 16, 2020 Once upon a time, in a strange and complex binary kingdom, there lived a king and a queen who were giving the power back to the people. The rulers of the legacy system ignored them at first, then they laughed at them, and then… Could that be a bedtime story in the not so distant [...]
Man Group lifted by strong demand for alternative funds October 16, 2020 Hedge fund manager Man Group has reported a rise in funds under management after strong demand for alternative assets. The firm reported funds under management (FUM) rose to $113.1bn in the three months to September, as alternatives saw a $1.7bn inflow after a slowdown in redemptions. And a good market performance by the long-only funds [...]
Superdry finance chief quits after 16 months October 16, 2020 Superdry has announced that its chief financial officer has stepped down after just 16 months in the role. The fashion brand’s share price dropped more than four per cent this morning after it announced that Nick Gresham had left the company with immediate effect. Superdry, which said Gresham had decided to leave the firm, has [...]
We’re heading from London lockdown to national breakdown October 16, 2020 While London entering Tier 2 lockdown at midnight tomorrow is nowhere near as drastic as the Tier 3 lockdown imposed on the Liverpool City Region, it’s the size and symbolism of the capital that counts. With each day that passes, businesses in the capital, like those around the rest of the country, can feel the [...]
Serco lifts annual outlook after Covid contract wins October 16, 2020 Serco (SRP) raised its full-year forecasts after contract extensions in the UK and cost-cutting measures boosted its third quarter results. In an unscheduled trading statement, the contractor said it had achieved strong revenue growth in the third quarter, with all regions performing better than expected. Serco said it had seen a strong performance in the [...]
Friday Debate: Is the move to put London under Tier 2 restrictions unjustified? October 16, 2020 Is the move to put London under Tier 2 restrictions unjustified? Join the debate Luke Johnson, entrepreneur and chairman of Risk Capital Partners, says YES. So the lockdown zealots have won, and London is to face yet more onerous restrictions on our civil liberties — even though hospital admissions for Covid-19 are roughly 90 per [...]
West End extends festive period in bid to win back shoppers October 16, 2020 The West End is set to extend the festive shopping season as ailing retailers look to lure Londoners back into shops. The Christmas lights switch-on will take place on Oxford Street and Bond Street on Monday 2 November and Thursday 12 November respectively, marking the earliest ever start to the festive season for the district. [...]
Nestle sets $5bn water brand sale in motion October 16, 2020 Food and drink giant Nestle is set to sell its North American water brands – which could go for around $5bn (£3.9bn) – as it moves away from lower-growth businesses. Private equity funds including Apollo are expected to show an interest, according to Reuters, which cited numerous sources. Wall Street titan Morgan Stanley is running [...]
