Could vanity be your downfall? Skiers warned of selfie injuries January 25, 2017 Millions of Brits heading to the mountains to play in the white stuff this winter have been warned that taking an innocuous selfie could ruin their holiday. A startling 51 per cent of people have injured themselves while trying to photo their exploits – and 28 per cent of these have been carted off by medical services [...]
BT’s accounting black hole to be investigated by Italian prosecutors January 25, 2017 Italian prosecutors have launched an investigation into BT’s £530m accounting black hole, according to reports. The scale of the scandal today wiped £7bn off the telecom giant’s market capitalisation. BT’s shares fell over 20 per cent yesterday, closing at 303p. And after markets closed, Reuters cited two sources saying Milan prosecutors have started a probe into the [...]
Intesa Sanpaolo reveals it is examining Generali takeover January 24, 2017 Italian bank Intesa Sanpaolo has revealed it is considering a takeover bid for the country's largest insurance firm, Generali. Shares in Generali had previously jumped over eight per cent today after it was reported Intesa was preparing an offer for the €24bn (£21m) market cap firm in a deal that would be one of the sector’s largest takeovers. Intesa Sanpaolo [...]
IG Markets bins binary products for new investors January 24, 2017 IG Markets has withdrawn a popular spreadbetting product that allows punters to speculate on a wide range of market movements, as regulators consider proposals to crack down on the sector. Sprints binary products will no longer be available to new investors, the FTSE 250 firm said today, although they can still be used by current clients. Read [...]
BAE Systems to boost O2 multi-platform cyber defences January 24, 2017 Mobile phone firm O2 has joined forces with one of Britain’s best known defence contractors in a bid to bolster its defences against a future cyber attack. BAE Systems has been drafted in to provide customers with a “device to cloud” cyber security service. Read more: BAE Systems to train a third of graduate recruits in [...]
Guardian newspaper could switch to a tabloid format and outsource its printing press January 23, 2017 The Guardian newspaper is considering becoming tabloid size and outsourcing its print run, according to reports. Last year, the media group revealed a "transformation programme" to make savings of 20 per cent in an attempt to stem widening losses. Read more: Look who’s back… Brooks to head up news UK Sources close to the company told City A.M. "all options [...]
EU follows UK lead and considers plans to test bank defences against a cyber attack January 23, 2017 The EU is contemplating plans to test banks' ability to repel cyber attacks in an initiative that would mirror measures already put in place by the Bank of England. Cyber and technological-enabled attacks have been on the Bank of England's radar since 2013 with 30 out of 35 "core firms" having completed the UK's cyber stress testing [...]
Bernie Ecclestone’s reign is over as Liberty Media completes $8bn Formula One takeover January 23, 2017 Bernie Ecclestone's reign as the boss of Formula One is over, having been replaced by the new owners of the sport. Liberty Media announced late last night it had completed its $8bn (£6.4bn) takeover of Formula One and handed the 86-year-old the apparently symbolic role of "chairman emeritus". Earlier yesterday evening, German magazine Auto Motor [...]
Alliance Pharma revenues doubled in 2016 after its first full year since its tie-up with Sinclair January 23, 2017 Alliance Pharma revenues more than doubled in 2016 with the firm boosted by its December 2015 acquisition of Sinclair. In its annual trading update, the firm said revenues would be £97.5m, up from £48.3m in 2015. Although £43.8m of this increase was attributable to ex-Sinclair products, the group delivered organic growth of 13 per cent [...]
Braemar Shipping shares hit as oil and gas headwinds knock profits January 23, 2017 Braemar's share price plummeted over 16 per cent today after the shipping firm revealed spiralling restructuring costs are threatening to wipe out operating profits. The London-listed firm revised its operating profit before interest down to between £3m and £3.5m. On top of this, the firm is facing a bill of £2.7m to put the business [...]
