Christmas sandwiches tested: which have been naughty and which are nice November 8, 2016 We filled a basket with the first crop of Christmas sandwiches – find out which ones we thought worthy of your lunch money and which to avoid like the Grinch. Pret Christmas lunch ★★★★☆ Too much going on here – piles of slightly-too-dry stuffing and a clumping of fillings in the middle. But saved by [...]
National Crime Agency launches criminal investigation over Tesco Bank fraud attack November 8, 2016 The National Crime Agency (NCA) has launched a criminal investigation into the recent fraud attack on Tesco Bank. The National Cyber Security Centre (NCSC) said it was working with the NCA and Tesco Bank, as well as other groups, and said it was "providing direct assistance to the company at their request, including on-site assistance". Tesco Bank uncovered [...]
Tesco Bank fraud attack “unprecedented”, says City watchdog chief November 8, 2016 The head of the City watchdog has today called the attack which has hit thousands of Tesco Bank customers over the weekend "unprecedented and serious". Andrew Bailey was speaking in front of the influential Treasury Select Committee, where he acknowledged there was a shortage of talented tech staff within the banking sector and that the complexity of lenders' [...]
MPs grill City watchdog chief as Tesco Bank and RBS fallout rocks the sector November 8, 2016 Talk about bad timing: The City watchdog boss has today faced a grilling from the influential Treasury Select Committee as the banking industry is still reeling from a hectic few days. Andrew Bailey, chief executive of the Financial Conduct Authority, appeared before the MPs as customers at challenger Tesco Bank await to hear how bad the weekend's [...]
Toblerone bars in the UK have changed shape and no one is happy about it November 8, 2016 Fans of the Toblerone are bitterly disappointed after the company revealed a change to the shape and size of its popular chocolate bar. Mondelez International, who makes the product, has increased the gaps between the triangles to reduce the weight of two of its bars in the UK. It claims this is due to a rise in [...]
Here’s everything you need to know about the Tesco Bank fraud attack November 7, 2016 Tesco Bank has halted online payments as it deals with a massive fraud attack on its current account customers. The bank discovered a number of its customers' accounts had been subject to online criminal activity over the weekend. Here's what we know so far: Money was taken from 20,000 current accounts Tesco Bank's chief executive Benny [...]
Andrew Tyrie on Tesco Bank fraud attack: “We can’t carry on like this.” November 7, 2016 A senior MP today slammed banks' IT systems in the wake of a fraudulent attack on Tesco Bank current accounts over the weekend. Money was taken from around 20,000 Tesco accounts, the bank confirmed today, in an attack that was discovered on Saturday. Customers have been unable to make transactions online as a result of [...]
Supply chain risk up due to post-Brexit uncertainty November 7, 2016 Global supply chain risk grew for the fourth quarter in a row to its highest level since 2013 as a result of the Brexit vote, and increased trade restrictions around the world. Analysis by the Chartered Institute of Procurement and Supply (CIPS) and Dun & Bradstreet economists showed a "disintegration of the political consensus over globalisation" with [...]
Tesco Bank halts online payments after thousands of customers affected by fraudsters November 7, 2016 Tesco Bank has halted online payments for its current account customers due to fraudulent activity over the weekend. The bank identified "suspicious activity" via its fraud prevention systems on Saturday and yesterday warned thousands of customers that they may have been targeted by fraudsters. Today, chief executive Benny Higgins said online transactions from current accounts had [...]
Real wages are on the wane and it’s only going to get worse, say accountants November 7, 2016 Sterling’s post-Brexit vote collapse is hitting Britons where it hurts the most. In the pocket. Inflation is outstripping wage growth as businesses are forced to pass on increased costs associated with sterling’s slump to consumers, according to a report prepared by accountants BDO. “Rapidly rising inflation is quickly going to hit the pockets of UK [...]