A third of mid-market firms were whacked by hacker outages in 2021 March 7, 2022 New research has revealed that one in three mid-market firms suffered from a hacker induced outage in 2021. According to a report by cyber firm Censornet, one in five companies were forced to pay hackers to deactivate ransomware, with the average pay-out hitting £144,000, and seven per cent handing out more than £500,000. “For the [...]
House price growth not set to slow down this spring March 7, 2022 The rate of house price growth has been underpinned by a frenzy of house-hunters while stock levels for properties remain low. According to estate agent Knight Frank, there is no indication that annual house price growth will return to single digits this spring. Annual UK house price growth accelerated to 12.6 per cent in February [...]
Shipping firm Convelio raises record £26m for art logistics March 7, 2022 Shipping firm Convelio announced this morning that it has raised a further $35m (£26m) in Series B funding, marking the world’s largest investment in arts logistics.
Letters: Just Eat just working hard March 7, 2022 [RE: Just Eat revenue jumps a third as it mulls pulling out of Portugal and Norway, March 2] This week’s results from Just Eat were by no means the result of trend or chance; Just Eat worked to fill an important gap in the delivery market for consumers: experience. Their business model delivers on high [...]
Octopus Energy lends helping tentacle to customers following hike to price cap March 6, 2022 Octopus Energy (Octopus) customers will receive a £50 annual saving to their energy bills following the painful 50 per cent hike in the price cap.
Crackdown on misinformation: TikTok suspends live streaming in Russia March 6, 2022 TikTok have said it will be suspending live streaming and new content in Russia as the social media firm faces questions about the spread of misinformation. However, the Chinese tech giant has said that the in-app messaging will not be impacted in Russia as the company evaluates its safety measures, according to reports from Reuters. [...]
Labour calls for investigation of claims PM intervened to help get friend a peerage March 6, 2022 Labour is calling for a parliamentary investigation into claims that Boris Johnson intervened to get his Russian billionaire friend Evgeny Lebedev a peerage, after security services initially recommended against it. Labour leader Sir Keir Starmer today told the BBC that a Westminster committee should probe the “very concerning” case and that “there’s at least the [...]
Batman returns with a bang: Box office debut hits £97m March 6, 2022 Batman well and truly returns this weekend, with “The Batman” raking in $128.5m (£97.1m) in its box office debut. The blockbuster has not only had the best opening weekend of 2022 so far, but it has also followed in the footsteps of Sony’s superhero hit “Spider-Man: No Way Home”, which broke records with its $260m (£197m) [...]
Sunak under pressure to drop NI rise in wake of Ukraine invasion March 6, 2022 Rishi Sunak is under increased pressure to drop his 1.25 percentage points increase of National Insurance next month in the wake of Russia’s invasion of Ukraine. It is expected the war will lead to higher inflation than expected due to Europe’s large reliance on Russian gas and Ukrainian agricultural products, like wheat. Annual growth in [...]
Anti-corruption campaigner Bill Browder warns buying Russian stocks is akin to buying ‘German equities during Holocaust’ March 6, 2022 An anti-corruption campaigner has warned people considering buying de-valued Russian stocks that it is akin to buying “German equities during the Holocaust”. Bill Browder in a tweet told people today to avoid Russian equities and bonds and to “have some decency”. London-listed stocks that have exposure to Moscow have collapsed in value since Russian troops [...]
