Before the Bell: Focus on Andrew Bailey speech later today February 10, 2021 It was quiet in the markets yesterday as the overall outlook did not change. The same stories were circulating: vaccine rollouts and the prospect of additional stimulus from the US. Late last week, it was revealed the Democrats decided to try and implement the proposed $1.9 trillion spending package without receiving approval from the Republicans [...]
It’s make your mind up time for the UK over Huawei security saga March 28, 2019 It’s been a bad week for beleaguered Chinese tech giant Huawei. In an eagerly-anticipated report published today, UK spies concluded they can only provide “limited assurance” that the risks to national security from Huawei’s products have been mitigated. The findings are in line with last year’s report, but the lack of progress has raised eyebrows. One cyber [...]
Apple’s new privacy features may finally trigger a more transparent tech ecosystem March 6, 2021 A new feature in Apple’s operating system has received relatively little attention in the wider media recently, yet it is set to kick start a new era of transparency in the tech industry and hopefully instil more respect for consumer and enterprise privacy. With the launch of iOS 14, Apple introduced a privacy information section [...]
Neil Woodford’s shock comeback raises eyebrows in the City February 15, 2021 News that the disgraced fund manager Neil Woodford is looking to make a comeback in investment management has taken many in the Square Mile by surprise. The former star manager gave an emotional interview to the Sunday Telegraph yesterday in which he apologised for the collapse of his investment company and said he is working [...]
British Steel pension scheme trustees secure £2bn buyout October 22, 2020 Trustees of collapsed British Steel’s pension scheme have agreed a £2bn deal with insurers to secure the pensions of 30,000 staff. The agreement will see the Pension Insurance Corporation buy out the existing scheme at or above the level of compensation supplied by the Pension Protection Fund (PPF). The Old British Steel Pension Scheme (OBSPS) [...]
Goldman and Barclays eye General Motors’ credit card business August 12, 2020 Goldman Sachs and Barclays are reportedly among bidders for General Motors credit card unit. The two banks are among a small number of suitors for the car company’s credit card business which has about $3bn (£2.3bn) in outstanding balances, according to The Wall Street Journal. Goldman currently has a relatively small presence in consumer banking, [...]
Anonymous say video message to Elon Musk over Bitcoin meddling isn’t theirs June 7, 2021 Guerrilla hacking group Anonymous has denied it was behind a public warning to Elon Musk over his Bitcoin tweets.
Boris Johnson ‘tried to tone down’ Priti Patel bullying report November 21, 2020 Prime Minister Boris Johnson is facing accusations that he attempted to tone down a damning report that found Priti Patel had bullied staff. Johnson yesterday came out in support of the home secretary, despite an inquiry concluding that she had broken ministerial code by shouting and swearing at staff. But media reports this morning suggested [...]
US stocks slip as Treasury clashes with Fed to cut loan programmes November 20, 2020 US stocks slipped in early trading while global markets were subdued as rising coronavirus cases and a rare disagreement between the Federal Reserve and Treasury worried investors. Treasury secretary Steve Mnuchin yesterday requested that the Fed wind down a series of coronavirus lending facilities put in place to support companies at the start of the [...]
Godzilla Vs Kong – a spectacle that belongs on the big screen April 1, 2021 The first big blockbuster of the summer has arrived (yes, even in these times Hollywood considers the summer season to start at the end of March). As the title suggests, Godzilla Vs Kong sees the two big monsters of cinema meet face-to-face in a battle for supremacy. We find Kong isolated in a domed Skull [...]