Sainsbury’s Bank outage: Customers locked out of online banking June 18, 2019 A Sainsbury’s Bank outage spurred customers to take to Twitter today to complain they could not access their accounts online. Read more: The UK banks with the most IT outages Neither the supermarket’s new app nor online banking service wereworking for customers, with Down Detector reporting dozens of complaints this morning. An outage map showed [...]
Tory leadership vote: How the second round ballot works June 18, 2019 Tory leadership hopefuls face another hurdle in the race to become the next Prime Minister when a further round of voting takes place today. Who are the Tory leadership contenders? With 114 MPs backing him, Boris Johnson is guaranteed a place in the final two, where he will face either: Michael Gove Sajid Javid Jeremy [...]
Airtel Africa’s London float to value it at £3bn – £3.6bn June 17, 2019 One of Africa’s largest telecoms businesses said today it would float in London at a value of £3bn to £3.6bn. Airtel Africa announced the price range for its upcoming listing, setting its share price at 80p to 100p. The offer is expected to comprise 595m to 744m new shares to raise gross proceeds of approximately [...]
Football’s coming home to the City for the Square Mile’s unofficial club, the Honourable Artillery Company FC June 16, 2019 You could be forgiven for not realising it, but the City of London has its own football club which dates back to the 1800s and is among the leading lights of the amateur game. One reason you might have missed it is because red tape has seen them exiled from the Square Mile for two [...]
Boris Johnson warns further Brexit delay will spell Tory general election defeat June 12, 2019 Boris Johnson will officially launch his Tory leadership campaign today as one poll suggests he would comfortably win a general election as Prime Minister. Johnson, seen as the frontrunner among MP’s, Tory party members and bookmakers, will tell supporters the UK must leave the European Union on 31 October and that further delays would spell [...]
City Moves for 10 June – who’s switching jobs at CIMA, Wells Fargo and London Wall Partners? June 10, 2019 Who’s on the move today? CIMA Canadian finance leader Amal Ratnayake has been named 86th president of the Chartered Institute of Management Accountants (CIMA). In May, Ratnayake was also confirmed as chairman of the Association of International Certified Professional Accountants. As CIMA president, Ratnayake will represent 228,000 members and students across the world and be [...]
G20 statement swerves call to end US-China trade war June 9, 2019 G20 finance ministers have warned “trade and geopolitical tensions” pose a risk to international growth in an official statement, without directly addressing the US-China trade dispute. Read more: IMF head: US-China trade war biggest threat to global growth After much debate over the wording of a “communique” from their meeting in Japan, ministers today said [...]
MPs to question Huawei as part of investigation into 5G security risks June 7, 2019 MPs are set to question Huawei on Monday as part of an investigation into the security risks that the Chinese telecom giants could pose to the UK. A leak in April from the National Security Council meeting revealed that Theresa May had approved Huawei’s bid to help build Britain’s 5G network, despite the USA’s claims [...]
Google: Huawei ban is a national security risk June 7, 2019 Google has warned the Trump administration it risks compromising US national security if it pushes ahead with planned restrictions on Huawei. Senior executives at Google are pushing US officials to exempt it from a ban on exports to the Chinese company, according to the Financial Times. The Trump administration announced the ban after trade talks [...]
Women’s World Cup: How brands are embracing the sport through sponsorship June 6, 2019 The World Cup arrives tomorrow at an opportune moment for women’s football. After a season punctuated by record attendances, greater exposure and successes both on and off the pitch, there is an air of optimism engulfing the sport. While the feeling is inspiring confidence that Phil Neville’s Lionesses could make good on their No3 world [...]