European Commission approves new cyber security initiative and funding July 5, 2016 The European Commission wants EU member states to work together on cyber security. The European Union's executive body has signed an agreement that'll have member states funding and working together with private groups to prevent cyber attacks. There have been repeated warnings over the vulnerability of both private and public institutions in recent months. And it seems we're [...]
Multinationals warned over risk of cyber attacks July 5, 2016 Large multinationals are being warned over their preparations against cyber attacks. Companies have admitted to feeling constrained by regulation, resources, and dependence on third parties, with only a fifth of IT decision makers confident they are able to deal with the growing threat of cyber-criminals. Research from KPMG and BT found that almost half (47 [...]
Revenues up at Slug and Lettuce owner Stonegate Pub Company July 4, 2016 Slug and Lettuce and Yates owner Stonegate Pub Company toasted healthy double-digit revenue growth in its first-half results today. The figures Total revenue across Stonegate's 660 managed pubs and bars was up 12.8 per cent to £342m for the 28 weeks to 10 April, up from £303m in the first half of 2015. Like-for-like revenue increased [...]
London tech heavyweights call for European talent to remain in the capital following Brexit vote June 30, 2016 The London tech community has called for non-UK Europeans working in the sector to stay following the country’s vote to quit the European Union. Russ Shaw, founder of lobby group Tech London Advocates (TLA), has gathered around 150 signatures, including the Mayor of London and the likes of entrepreneur and angel investor Sherry Coutu and co-chief executive of digital literacy [...]
Oracle and BT team up for UK cloud push June 28, 2016 US software giant Oracle has entered into a partnership with BT to grow its cloud computing business. Oracle customers will be able to get on to it’s cloud through BT’s network. BT’s so-called cloud of clouds was launched in April last year and has already partnered with Amazon, Microsoft Azure, Salesforce and Cisco. After a [...]
BT has been ordered to pay an £8,000 fine for dangerous roadworks June 28, 2016 British Telecom (BT) has been told it must pay more than £8,000 for "dangerous and disruptive roadworks", in its 37th prosecution since 2010. Transport for London prospected BT for the poorly managed roadworks, leading BT to appear before Westminster Magistrates’ Court on 22 June. The BT offences, which took place on the Transport for London Road [...]
From telecoms provider to tech innovator: Can the old guard make the leap? June 20, 2016 The global telecoms industry faces the most challenging risk environment in living memory. Profitability is being squeezed by disruptive competitors, regulatory change and unrelenting cyber attacks. The threats facing telecoms today are diversifying and multiplying. At BDO our recent industry report, 2016 Telecommunications Risk Factors Survey, highlights strategic and operational risks reported by sixty telecoms [...]
London transport officials in early-stage talks to bring mobile coverage on to underground June 19, 2016 The London underground could be getting mobile coverage after it emerged Transport for London (TfL) is in talks with several potential providers. The discussions, still in their early stages, are thought to involve a division of the US networking giant Commscope, Airvana, which specialises in providing mobile signals in small spaces. The plans to bring [...]
Tata Steel writes to UK staff on benefits of EU membership June 15, 2016 Tata Steel has become the latest employer to write to its staff on the benefits of the UK's EU membership. The Indian giant's message follows similar commentary from BT and BAE Systems earlier this week. Although the firm avoided not explicitly encourage staff to vote for either the Leave or Remain campaigns, its' European head of public [...]
FTSE 100 drops below 6,000 to new three-month low on Brexit fears June 14, 2016 The FTSE 100 crashed below 6,000 points this morning as investors fled from risky assets in the run up to the EU referendum. The benchmark London index sank 1.3 per cent in the first 90 minutes of trading to stand at 5,967, below the key 6,000 barrier last breached in February. Already at a three-month low, [...]