Less than one per cent of cyber crimes lead to prosecution, report states May 28, 2019 Less than one per cent of cyber crimes result in prosecution, new figures have revealed, highlighting the difficulty of tracking down online hackers. There were 65 prosecutions for computer hacking in the UK last year, up 38 per cent on the 47 recorded in 2017, according to City law firm RPC. But the figures still [...]
GDPR is one year old, but has the EU’s data protection regulations helped business or eroded trust? May 24, 2019 Saturday marks the first anniversary of the European Union’s General Data Protection Regulation (GDPR) finally coming into force. GDPR was heavily hyped up, with many hoping – or fearing – that it would fundamentally change not only how companies handle people’s data, but also how consumers view their online interactions with businesses. Anyone with an [...]
The robots are coming – and they’re (potentially) after your job May 22, 2019 By Ian Hall (City AM, for the CFA Institute) ‘You want your robot to be smarter than the other team’s robot’: advice that sounds like it belongs to a participant in combat competition TV show Robot Wars. But, actually, it’s the increasingly competitive and technology-affected situation that many investment professionals will face in the workplace [...]
Profits slip at Entertainment One after £61m write down May 21, 2019 Entertainment One said today that its profit before tax fell 43 per cent to £37m after one-off charges. The company behind children's TV favourite Peppa Pig said adjusted profit before tax was up 20 per cent at £156m from £130m. It said underlying earnings before interest tax depreciation and amortisation was up 21 per cent at [...]
‘I don’t need banks’: Trump hits back at reports of Deutsche Bank’s red flags May 20, 2019 US President Donald Trump has hit back at reports Deutsche Bank employees flagged suspicious transactions by the president and his son-in-law Jared Kushner. The New York Times reported that anti-money laundering specialists at the bank recommended transactions by legal entities controlled by the pair be reported to a federal crimes watchdog. Read more: Deutsche Bank [...]
Thomas Cook forced to reassure holidaymakers as shares plummet further May 20, 2019 Thomas Cook has been reassuring customers their holidays will be going ahead after shares in the struggling travel firm plunged lower today. Shares in Thomas Cook dropped as much as 17 per cent to less than 10p, having suffered a 40 per cent plummet on Friday. Read more: Payment firm to hold onto Thomas Cook's [...]
Formula One taking cues from the Premier League on increasing competition and wants to add African race to calendar May 20, 2019 Since Liberty Media took over Formula One in 2017, the company has been insistent on the sport’s potential for commercial growth. How to achieve that has posed challenges, though, highlighting a need to improve the product on the track as well as expanding its reach. The first of those hurdles has proved difficult to jump, with [...]
Bitcoin bounces as the pound plunges: what’s next for global markets? May 20, 2019 Last week was all about a modern currency enjoying some big moves – all while a more established one was plunging. Bitcoin has been grabbing its fair share of headlines in recent months, with the crypto favourite trading above $8,000 last week for the first time since July last year. This served to bring the [...]
City Moves for 20 May – Who’s switching jobs at HSBC, Carwow and the PRS Reit? May 19, 2019 Today's City Moves includes HSBC, Carwow and the PRS Reit. HSBC HSBC UK has appointed Chloe Clift as head of its professional services sector team. In her new role, Chloe will work with HSBC UK commercial customers across the legal, recruitment, accountancy and consultancy sectors, offering banking support and strategic advice. The Professional Services sector [...]
Netflix signs Pinewood Studios deal as it ramps up investment in British shows May 19, 2019 Netflix has reportedly signed a deal to lease a third of the space at Pinewood Studios as it looks to ramp up its investment in British TV shows. The US streaming giant is set to take roughly 150,000 square feet of space at the famous film studios in Buckinghamshire, the Sunday Telegraph reported, citing sources. [...]