News industry contributes £5bn to UK economy, but is at risk of being “fatally undermined” by digital giants December 14, 2016 The news media industry contributes more than £5bn to the UK economy, according to a new report out today. But the sector is at risk of being “fatally undermined” by digital giants that benefit from its content without contributing to the costs. The study by Deloitte, commissioned by the News Media Association (NMA) and published today, [...]
Man pleads guilty to TalkTalk hack involvement at Old Bailey, as teenager gets 12-month youth rehabilitation order December 13, 2016 A man has today pleaded guilty to being involved in hacking TalkTalk customers' accounts in 2015. Daniel Kelley, 19, submitted his plea at London's Old Bailey this afternoon. Earlier today, a 17-year-old who admitted to hacking offences related to the 2015 data breach was handed a 12-month rehabilitation order and had his iPhone and PC hard [...]
Post Office workers are striking in the run-up to Christmas: Here’s what you need to know December 13, 2016 Post Office workers said they will strike during the run-up to Christmas, but at least 97 per cent of branches will stay open, the Post Office has said. This is the latest in a string of strikes by the Communication Workers Union (CWU) over disputes on planned changes to workers' pensions. When are the strikes? CWU [...]
Consumers are going to spend a record amount on supermarket premium ranges this Christmas December 13, 2016 Consumers have been preparing to taste the difference this Christmas as they stock up on supermarkets' premium own label brands. Data from Kantar Worldpanel showed that during the three months to the end of 4 December, shoppers spent 13 per cent more on brands such as Tesco Finest and Asda Extra Special than they did the year before. Read more: These [...]
Post Office workers to strike in week before Christmas, although Royal Mail deliveries said to be unaffected December 12, 2016 Workers at the Post Office have announced that they will strike during the run-up to Christmas. The Communication Workers Union (CWU) says that strike action will commence on Monday 19 December and run through to Christmas Eve in 300 branches around the country. They have so far notified the Post Office, which is run separately [...]
Long Weekend review: If all they want for Christmas this year is a trip to Lapland, why not try out this winter wonderland in the UK first? December 9, 2016 The trip: Embrace festive fever and head to an immersive elfin experience near Ascot for an exciting encounter with Mother and Father Christmas. This is something for the whole family to enjoy, following a trail through an enchanted forest to sample a day in the life of elf apprentices, preparing food and toys for the [...]
Editor’s notes: Calm down, the banks are not about to run for the European hills December 9, 2016 The government has agreed to set out its Brexit plans to parliament. While this will fall short of outlining a full negotiation strategy, it has been welcomed by politicians and business groups as a necessary step towards providing some clarity. However, there appears to still be confusion in some quarters over the fate of the City, [...]
Sears sales fall as bosses warn they have no clue when department store group will return to profit December 8, 2016 US department store chain Sears reported its fifth consecutive quarterly loss today and warned investors it cannot guarantee when it will return to profitability. Total revenue at the retailer fell 14.3 per cent to $5bn (£4bn) in the third quarter, down from $5.8bn in the same period of last year. The drop was driven by [...]
City Moves for 8 December 2016 | Who’s switching jobs December 8, 2016 Quinn Emanuel Urquhart & Sullivan Quinn Emanuel Urquhart & Sullivan has appointed Mark Hastings as a partner based in the firm's London office. He had previously been a partner at Addleshaw Goddard where he was head of the firm's civil fraud group. Mark has been retained to represent clients in a number of the largest cases to [...]
Metro Bank’s new partnership proves the Post Office’s importance December 7, 2016 One of Britain's newer financial institutions has team up with one of Britain's oldest and revered high street networks. Metro Bank today announced its business customers will be able to use the Post Office's 11,600 branches to deposit cash and cheques as well as obtain change. The tie-up will help the challenger to keep up with increasing [...]