Satellite firm Viasat investigates Ukraine broadband cyberattack following Russian invasion February 28, 2022 Satellite communications firm Viasat said this morning that it would be investigating a suspected cyberattack that caused a partial outage in its residential broadband services in Ukraine and across Europe. The US-listed company said a third-party cybersecurity firm was looking into causes of an outage across KA-SAT network, which provides high-speed satellite internet coverage in [...]
ABF and Primark sales to surpass pre-Covid levels as consumers eye luggage and swimwear February 28, 2022 Associated British Foods (ABF), which also owns budget retail chain Primark, has said it is on track to surpass pre-Covid levels of sales and operating profit. The food manufacturer has been battling against inflation, alongside the rising costs of energy, but anticipates grocery revenue to inch two per cent higher than 2021. While Primark sales [...]
Putin’s war in Ukraine must make us wonder about our military capabilities February 28, 2022 Last week all changed, changed utterly; on the eastern fringes of Europe, a war is now happening. Not a border skirmish or some cyber jousting—the Russian army has invaded Ukraine and men and women are losing their lives in a struggle for territory and power. Taken by surprise by this resurrection of old methods of [...]
Opinion-in-brief: New measures won’t be enough to protect vulnerable users February 28, 2022 As part of new measures included in the Online Safety Bill, users will be able to block anonymous accounts on social media like Facebook and Twitter. The move is an attempt to deter the abuse – coming from trolls and fake accounts – taking place on these platforms. Most social networks in the UK don’t [...]
An important distinction should be made between impact unicorns and ESG February 28, 2022 For years, technology investors have been searching for “unicorns” – companies with a valuation of one billion dollars. These companies were dubbed unicorns because they once were as rare as the mythical beast. Today, there are over 1000 of them globally. Now, there is a whole new breed of unicorn – impact unicorns. True impact [...]
Crypto exchange Binance to block accounts of sanctioned Russians February 28, 2022 Crypto exchange Binance reportedly plans to block the accounts of Russian users who have been targeted by sanctions.
GSK chief ‘extremely confident’ of July listing for consumer division February 28, 2022 GlaxoSmithKline chiefs said today they are lining up a July spin off for the firm's consumer health division Haleon, as they remain positive that they can shrug off market volatility in the coming months.
High Court ruling: Teletext Holidays broke consumer law with refund failures February 28, 2022 The High Court has ruled that Teletext Holidays broke consumer law by failing to refund customers within the appropriate time period for bookings cancelled due to Covid. The Court agreed with the consumer watchdog that Truly Travel and Alpha Holidays, which traded as Teletext Holidays and Alpharooms, breached travel regulations. Under the Package Travel and [...]
Ukraine crisis: what does it mean for asset allocation? February 28, 2022 Russia’s invasion of Ukraine, which is having devastating human consequences, has increased the risk of a stagflation environment – one of slowing economic growth but high inflation. How should investors prepare for this possible scenario? Our analysis reveals which asset classes are likely to outperform if it comes to pass. Our live blog on the Ukraine crisis [...]
Irish accountancy watchdogs raises concerns over Deloitte and EY audits February 28, 2022 Ireland’s audit watchdog has said flagged issues with audits carried out by Big Four accountancy firms Deloitte and EY, after carrying out its annual review of auditors. The Irish Auditing & Accountancy Supervisory Authority (IAASA) said audits completed by Deloitte and EY required improvements, after sampling six sample audits carried out by the firms. By [...]
