A box office approach to leadership could yet break the Brexit deadlock July 31, 2019 A week into Hurricane Boris, and the impact of its arrival shows no signs of abating, nor does its box office appeal. Godfather style, a trail of bodies litter the Conservative backbenches, victims of the “Night of the Blond Knives” as one newspaper called it. The ancien regime has been largely replaced by Vote Leave [...]
Lawsuit opened over Capital One data breach which hit 100m customers July 30, 2019 A class action lawsuit has been filed in the US over a data breach at Capital One bank that saw about 100m US customers have their personal information stolen by a hacker. Read more: Equifax fined up to $700m for massive data breach Roughly 140,000 social security numbers and 80,000 linked bank details were stolen, [...]
Forget a one-size-fits-all immigration policy – we need to get creative to protect the talent pipeline July 30, 2019 Different sectors of the economy are often accused of special pleading when it comes to making their case for immigration reform. In any given area, improving the skills base can boost productivity, and with the clock once more ticking down to the Brexit deadline, calling into question the status of future EU applicants, it is [...]
London Stock Exchange in talks to buy data analytics firm Refinitiv for $27bn July 28, 2019 The London Stock Exchange Group (LSE) is in discussions to buy data analytics firm Refinitiv for $27bn (£22bn) in a blockbuster deal that could see the company take on Bloomberg. The exchange group confirmed it is in talks with Thomson Reuters and a consortium of funds linked to private equity firm Blackstone to acquire the [...]
Sports Direct: What’s gone wrong for Mike Ashley? July 26, 2019 Even for an unpredictable retail tycoon like Mike Ashley, today’s strange turn of events is unprecedented. Sports Direct was set to release its full-year figures at 7am this morning, before suddenly postponing its statement and cancelling media interviews. Read more: Confusion reigns as Sports Direct delays annual results yet again With no explanation given as [...]
Philip Hammond rules out running for Treasury committee chair July 25, 2019 Former chancellor Philip Hammond has ruled out making a bid for the vacant position of chair of the Treasury select committee, City A.M. has learnt. On Thursday evening a source close to Hammond said the former chancellor was contemplating the move, saying: “He hasn’t ruled it out.” However, a spokesperson for Hammond poured cold water on the suggestion, [...]
Clearing house LCH drafts in Credit Agricole executive as new CEO July 25, 2019 Global clearing house LCH has drafted in a former top boss of Credit Agricole as its new chief executive. Isabelle Girolami is set to take on the role of chief executive in November, taking over from Martin Pluves as he begins a new role as head of the Fixed Income, Currency and Commodities Markets Standards [...]
Elon Musk’s Tesla loses more than $5bn in value as shares plummet July 25, 2019 Tesla’s valuation dropped by more than $5bn when markets opened this afternoon as investors reacted to the firm’s disappointing second-quarter results. Shares in Elon Musk’s firm plunged more than 13 per cent to just under $229 after figures for revenue and profit margin fell short of expectations. Read more: Tesla revenues fall short of expectations [...]
Comcast grows revenue and profit thanks to broadband boost July 25, 2019 Comcast has posted a rise in revenue and profit for the second quarter as an increase in broadband customers helped offset a decline in its TV business. The US media group posted revenue of $26.9bn (£21.5bn) in the three months to the end of June, up 24 per cent on the same period last year. [...]
The rise of the ASMR-tists: The online phenomenon touted as an antidote to anxiety and insomnia July 25, 2019 The slurp of a woman eating soup; the abrupt snip of scissors through hair; the crinkle of tinfoil being scrunched into a ball. For some people, these everyday sounds ignite a mysterious, near-ecstatic sensation known as Auto Sensory Meridian Response (ASMR). This reaction is characterised by a kind of low-level euphoria, similar to the prickly [...]