Court gears up to hear Morrisons’ appeal against landmark data breach ruling October 8, 2018 Supermarket giant Morrisons will launch an appeal tomorrow against the High Court's decision to find it vicariously liable for a data breach that hit over 100,000 employees. In December last year the supermarket chain was found to be legally responsible for the breach, which was carried out by former employee Andrew Skelton. Skelton, a former senior [...]
EU bank watchdog launches inquiry into Denmark’s handling of Danske Bank amid DOJ probe October 8, 2018 The European Union's banking supervisor has launched preliminary inquiries into Denmark's financial watchdog in relation to allegations of money laundering at Danske Bank through its Estonia branch. European Banking Authority chair Andrea Enria today informed the European parliament that it had launched a "preliminary breach of union law inquiries on … the Danske bank case in [...]
The Lamborghini Huracan Performante Spyder is a V10-powered double espresso, with a Red Bull chaser October 8, 2018 How fast? How much? Is it a Ferrari? Will you swap for my Fiesta? These are all questions you’ll be asked – repeatedly – if you drive a Lamborghini Huracan. Especially if it’s the Performante Spyder in Giallo Inti yellow, with molten gold wheels, a fixed rear wing and Italian Tricolore stripes. Every fuel fill-up, [...]
Matalan posts slow growth, facing challenges from weak pound and volatile markets October 8, 2018 Matalan grew revenues by one per cent in its second quarter, while full price sales increased 3.3 per cent as the discount retailer faced challenges from a weak pound, and a “volatile and challenging market.” Its latest results show Matalan boosted revenue to £262.4m, up £2.5m year on year. Online growth was healthier, increasing 25 [...]
Why ‘customer-centric’ is the latest designer label we all need October 8, 2018 I'M NOT NORMALLY a fan of surveys, but the Interbrand Best Global Brands Report is, for me, an interesting read. This year’s report has made the headlines because the top-performing sector is the luxury fashion and accessories sector, which has grown by 42 percent since 2017. Why are designers doing well, and what can my clients [...]
Legal Q&A: Why has Eleven Sports breached the UK Saturday afternoon live football blackout? October 8, 2018 The traditional Saturday afternoon restriction on broadcasting live football in the UK has been challenged by online-only subscription broadcaster Eleven Sports. Lawyer Satish Khandke examines the implications. What are the legal restrictions that Eleven Sports has challenged? Uefa regulations allow the member associations of football’s European governing body to designate a blackout period of two and a [...]
Mercedes sales drop in Europe as new emissions testing regime creates backlog October 8, 2018 European sales of Mercedes-Benz plummeted in September as the firm battled a vehicle testing backlog. Globally the company sold eight per cent less last month, with Europe especially badly hit, dropping by almost a tenth. Producers have been hit by a backlog caused by new European testing standards introduced on 1 September. Mercedes was particularly [...]
Airbus close to appointing commercial aircraft boss Guillaume Faury as next chief exec October 8, 2018 Airbus is close to appointing its plane-making boss Guillaume Faury as its new chief executive, according to reports today. Faury would step in for Tom Enders, who in December announced he would not stay on after his current term expires next year, having led the company since 2012. Airbus had promised to name his successor before the [...]
FTSE 100 drops to six-month low on weak oil stocks and uncertainty across Europe October 8, 2018 Weak oil stocks and economic uncertainty across Europe has dragged the FTSE 100 down more than 1 per cent to a six-month low. Britain's top index has fallen today, along with the German DAX despite the pound and euro dropping against the dollar. Read more: Unilever keeps UK headquarters: Investors react Royal Dutch Shell shares [...]
Kremlin says Netherlands’ expulsion of Russian agents was a “misunderstanding” October 8, 2018 Russian foreign minister Sergei Lavrov today dismissed the charges against four Russian military intelligence (GRU) agents in the Netherlands as a "misunderstanding". The four agents were arrested by Dutch authorities in the middle of an attack on the Organisation for the Prohibition of Chemical Weapons (OPCW) in April, and were later expelled from the country. "There [...]