Iranian cyber attack harvested details of MPs and chief executives April 3, 2019 Iranian hackers launched cyber attacks on key parts of British infrastructure, gaining access to MPs' mobile phone numbers, in a major breach just before Christmas, according to reports. The 23 December attacks are also said to have hit UK private-sector firms including the Post Office and banks, as well as local government networks. Sky News yesterday [...]
FCA tells Nicky Morgan London Capital & Finance probe ‘in the public interest’ April 2, 2019 Britain’s financial watchdog has rebuffed claims it was forced to investigate its own regulation of collapsed mini-bond firm London Capital & Finance (LC&F). Chairman of the Financial Conduct Authority (FCA) Charles Randell said this afternoon the regulator chose investigate itself after LC&F’s collapse because of “the broader public interest questions which arise in relation to [...]
Digital advertising firm Teads posts revenue rise as it looks to fend off tech giants April 2, 2019 Digital advertising firm Teads has posted a 30 per cent jump in revenues for the full-year as it looks to win back market share from Facebook and Google. The media platform pulled in revenues of €365m (£314m) last year after extending its reach to 1.4bn global monthly users and more than 90 per cent of [...]
Zuckerberg: Governments must help Facebook and other web giants regulate harmful content March 31, 2019 Mark Zuckerberg has called on regulators and governments to take a “more active role” in controlling content on the internet. Writing in the Washington Post, Facebook’s founder said firms like his could not be expected to shoulder all the responsibility for moderating harmful content. Read more: Access to Facebook Live to be restricted in wake [...]
Labour’s John McDonnell reveals plans to turn post offices into branches of nationalised bank March 31, 2019 Labour would transform post offices into branches of a new, nationalised bank, shadow chancellor John McDonnell has announced today. Labour said the policy would halt the decline of the high street and face-to-face banking by bringing footfall back into town centres. According to consumer watchdog Which, the UK has lost nearly two-thirds of its bank and [...]
Five retail tips for small businesses worried about Brexit March 29, 2019 So much of the political debate over Brexit has focused on the impact on big business. The banks, multinational drug companies, carmakers, and other corporate pressure groups have been leading the conversation. But Brexit also impacts the hundreds of thousands of small businesses that employ most Britons and are the heartbeat of the economy. Read [...]
Brands, don’t let your employees’ bad social media posts harm your reputation March 27, 2019 One of the many lessons of 2018 was how easily a worker’s social media activity can damage a brand’s reputation. I don’t just mean the deliberate attacks made by angry ex-employees, but the accidental disasters caused by well-meaning contributions to the marketing effort. HSBC experienced this in October, when Business Insider published a piece about [...]
Spotify makes latest podcast acquisition as it looks to cash in on true crime March 26, 2019 Spotify has snapped up its third podcast company of the year as it looks to double down on the format amid a boom in on-demand listening. The Swedish streaming service today said it had acquired Parcast, a podcast studio specialising in true crime series. Read more: Apple hits back at Spotify in App Store war [...]
Rolls-Royce boss enjoys £1.6m pay increase despite £2.9bn 2018 losses and engine issues March 25, 2019 Rolls-Royce chief executive Warren East saw his pay skyrocket by more than £1.6m last year, despite presiding over a loss-making year and a series of issues with the firm’s engines which grounded a British Airways jet for nearly a year. East did not receive a rise in his base salary, but was the beneficiary of [...]
Game plays with higher profits to buck high street worries March 21, 2019 Profits soared at video game retailer Game’s parent company in the first six months of the financial year, even as revenue fell by nearly five per cent. The figures Game Digital’s profits before tax increased over 20 per cent to £14.8m, however gross profit contracted 1.2 per cent to £122m. Read more: Game shares boosted [...]