Major banks will also switch off computer-driven trading systems to avoid huge losses from swings in shares, bonds and currency
Category: News Wire
Daily feed of the best news affecting your small and medium sized business SME / SMB from media and websites in Britain and across the world
EU referendum: Betting odds for Remain have soared to 86 per cent, according to Betfair
The polls have been open since 7am and, though we won’t know the outcome until tomorrow, the latest betting odds are firmly in favour of Remain.
Hornby’s rescue plan needs investors to jump on board fast
Hornby has been selling model railways since 1920, but its new chief executive warned yesterday that without support from its investors it could quickly run out of track.
Mitsubishi forecasts huge loss in wake of fuel scandal
Mitsubishi Motors has forecast a net loss of 145bn yen ($1.4bn, £900m) for the current business year in the wake of its fuel efficiency scandal.
Twitter buys Magic Pony, a startup that uses robots to scan pictures
The company says that machine learning – computers that can learn like people – is ‘increasingly at the core of everything we build at Twitter’
Debenhams sales hit by change in shopping habits
Department store says shoppers are spending less on clothes and more on eating out and holidays
Central bank titans warn of Brexit tremors as global recession fears surface
The two most powerful people in central banking have given their strongest warning yet on the impact of a Brexit vote, as top US bank Morgan Stanley warned that a British decision to leave could push the world towards recession.
Spotify hits 100m users but still yet to make a profit
The music streaming service continues rapid growth in user numbers but losses continue to mount
Morrisons’ treatment of suppliers again highlighted by watchdog
The grocer had demanded some suppliers pay extra lump sums of £2m in 2015 after similar breaches the year before
MPs urge Government to dock executive pay for cyber attacks
Criminals who trade in stolen personal data should face jail sentences of up to two years, MPs have said in a stark warning over the vulnerability of the Britain’s biggest companies to cyber attacks.
Microsoft avoids paying £100m a year in UK corporation tax
Microsoft sent more than £8 billion of revenues to Ireland since 2011
Britain leads Europe in tech, with 18 of 47 $1bn companies
More than a third of European ‘unicorns’, technology firms worth over $1bn, were founded in the UK, with Sweden in second place
Bosses mount last-ditch campaigns ahead of EU vote
Company bosses campaigning on both sides of the European Union referendum are preparing to speak out and mount last-ditch efforts to sway Britons before the vote.
FTSE 100 and pound make gains as EU referendum campaigns suspended
Analysts say decision to suspend referendum campaign has affected market
Microsoft to help track legalised marijuana sales
Microsoft has teamed up with California-based technology start-up Kind Financial, which helps businesses and government agencies track sales of legalised marijuana “from seed to sale”.