New Orleans declares emergency as cyber attack shuts down government December 16, 2019 New Orleans has declared a state of emergency after a huge cyber attack shut down the local government’s computers and servers. The city’s emergency response service, dubbed Nola Ready, first reported phishing attempts and suspicious activity at 5am on Friday. Read more: London software firm Kape snaps up US cybersecurity company for $95m Chief information [...]
Yü Group shares skyrocket on energy supply deal with Smartest December 16, 2019 Yü Group, the supplier of energy and utilities services to UK businesses, saw its share price rise by nearly 50 per cent today after it announced an energy supply arrangement with Smartest Energy. The hedging facility with Smartest will provide Yü with a credit line up to £13m, which will grow in line with the [...]
Ninety-six per cent of UK’s top law firms fear Brexit profit hit December 16, 2019 Ninety-six per cent of the UK’s top 100 law firms say that Brexit could hit their profitability in the coming year, a survey published today showed. The Thomson Reuters poll of finance directors at top 100 law firms showed that 42 per cent were worried that reduced inward investment in the UK could hit law [...]
General Election live: Tories on course for majority, says Ipsos Mori poll December 12, 2019 Please manually refresh this page for our latest General Election updates. Voters head to the polls today for the third time in five years in what has been described as party leaders as the “most important General Election in a generation”. Read more: Readers send in pictures of their dogs at polling stationsRead more: Your [...]
Banking on the future: The boss of the Association of Foreign Banks speaks to CityA.M. December 12, 2019 Among the many services that the Association of Foreign Banks (AFB) provides to its global members is a guide on how to handle allegations of workplace harassment. Overseas banks with an office in the UK can pay their trade body a small fee for a 26-page report that highlights case studies of misconduct. It even [...]
Inside ‘co-living’: the flats where millennials trade living space for free craft workshops and yoga December 12, 2019 My alarm goes off at 6.30am, which means it’s time for yoga. As I wipe the sleep from my eyes, I glance around the unfamiliar apartment I’ve just spent the night in, which doesn’t take long because it’s barely bigger than a walk-in wardrobe. I get dressed and stumble out the door, traipsing down the [...]
DEBATE: Could tactical voting actually make a difference to the result of this election? December 12, 2019 Could tactical voting actually make a difference to the result of this election? Joe Twyman, co-founder and director of Deltapoll and a presenter of the Polling Politics Podcast, says YES. In first past the post elections, the difference between winning and losing a majority can be small. Really small. Back in 2017, the difference between [...]
Championing Britain’s economy means protecting our links with the EU — regardless of Brexit December 12, 2019 As polling stations up and down the country open this morning, Europe-centric businesses like mine are asking what they will have to deal with after the votes have been counted. My company is part of a group which employs over 300 people of multiple nationalities — many of them are EU nationals, but some are [...]
Booze boom: UK pub numbers grow for the first time in a decade December 11, 2019 The number of UK pubs and bars grew in 2019, sparking hopes of a turnaround in fortunes for Britain’s boozers after a decade of decline. New figures from the Office of National Statistics (ONS) revealed that there was a net gain of 320 pubs this year. Read more: UK restaurants and pubs hope for festive [...]
HSBC shakes up senior management after ‘unacceptable’ third quarter December 9, 2019 HSBC has replaced its investment banking boss and group chief operating officer in a raft of changes due to take effect in 2020. Investment banking chief Samir Assaf will step down as chief executive of global banking and markets in March, after 10 years in the role. He will take a new role as chairman [...]