General News
Facebook withstands scandal to beat first-quarter forecasts
Facebook’s first-quarter earnings beat expectations and the social network added millions of users as the company appeared to withstand a scandal involving the misuse of personal data, as tech chief Mike Schroepfer told UK parliament "radical transparency" measures will be introduced for political advertising.
Credit card spending and mortgage borrowing fall in March
UK households spent less on credit cards and mortgages for property purchases slumped in March, suggesting increased consumer caution as well as a hit from the Beast from the East.
UK must pay Brexit bill if no trade deal struck, audit office head says
The head of the government’s spending watchdog has said the UK will have to pay up to £39bn for leaving the EU if no post-Brexit trade deal is struck.
FCA warns public after surge in loan-fee fraud
The Financial Conduct Authority has warned the public to beware of scammers charging fees for non-existent loans after annual losses from the fraud exceeded £3. 5m.
Donald Trump, Sadiq Khan and Elon Musk among Time's 100 most influential people of 2018
Time magazine’s annual selection of the 100 most influential people on the planet includes Donald Trump, London Mayor Sadiq Khan, and entrepreneurs like Elon Musk and Jeff Bezos.
Arsenal manager Wenger to step down at end of season
Arsene Wenger will end his 22 year reign as manager of Arsenal at the end of the season, the club's holding company announced on Friday.
MPs to vote on customs union proposal by committee chairs
A group of 10 committee chairs have put forward a parliamentary motion calling for the UK to remain in a customs union with the EU after Brexit.
PPI complaints surge after FCA enlists Schwarzenegger
Complaints about PPI surged to a four-year high after the Financial Conduct Authority enlisted Arnold Schwarzenegger to spread the word about claiming for compensation.
London house prices register first annual fall since 2009
London property prices have registered their first year-on-year fall since 2009 when the economy was in recession after the financial crisis.
All Brexit scenarios likely to leave Britain worse off, report says
Each of the four Brexit scenarios under consideration by the government would leave Britain worse off and cost hundreds of millions of pounds a week, according to a report.
Investment Association tells companies to appoint more women managers
The Investment Association (IA) has written to one in 10 companies in the FTSE 350 – including BP – urging them to set out plans to appoint more senior female managers or face unrest at shareholder meetings.
Cybersecurity threat only growing, UK firms warned
The number of cyber-attacks on UK businesses increased last year, with the annual report from the National Cyber Security Centre painting a grim picture for firms.
Footballers face HMRC backlash over £250m movie scheme investment
Nearly 130 top footballers are under investigation by HMRC after investing £250m in a tax avoidance scheme through financial adviser Kingsbridge.
MPs call for action to protect National Lottery funding
MPs have called for the government and the gambling regulator to protect National Lottery funding for good causes after a sharp fall in revenues.
YouTube attack: Female attacker found dead after shooting three
A female attacker shot three workers in the headquarters of Alphabet's YouTube in San Bruno, California overnight.
'Beast from the East' forces sharp drop in construction output
Heavy snow and freezing conditions that swept the UK in March caused the steepest drop in construction output since the aftermath of the Brexit vote.
Shwarzenegger is back to torment banks in new FCA ads
He said he'll be back and, after prompting more consumers to apply for for PPI compensation, Arnold Schwarzenegger’s animatronic image has returned to front another ad campaign for the Financial Conduct Authority.
FCA warns insurers to comply with renewal rules
The financial watchdog has warned it will clamp down on general insurance companies that fail to supply customers with pricing information or encourage them to shop around for a better deal.
Fox upgrades Sky News pledges and says Disney could buy news broadcaster
21st Century Fox has strengthened its commitments to Sky’s news funding and independence and has said Walt Disney is interested in buying Sky News whether or not Disney’s proposed acquisition of Fox goes ahead.