Equifax has agreed to pay up to $700 million to settle American investigations into a huge data breach two years ago, an amount that dwarfs the £500,000 fine imposed by Britain’s data protection watchdog.
Category: News
The latest news affecting small and medium sized (SME) businesses in the UK
Boris Johnson to be the new Prime Minister
Boris Johnson has won the Tory leadership race and will replace Theresa May as prime minister.
Holidaymakers face chaos as British Airways pilots vote in favour of strike action
British Airways pilots have voted strongly in favour of industrial action in a dispute with the airline over pay.
Homebase dives into Bathstore saving 200 jobs
Homebase has acquired the collapsed retailer Bathstore, but at least 200 jobs at the bathroom specialist are still at risk.
Metro Bank plans £500m sale of loan book to private equity firm
Metro Bank is beefing up its senior management and preparing to sell a £500 million portfolio of mortgages to restore confidence among investors.
No-deal Brexit puts UK ‘at risk of severe downturn’
Economic growth in Britain has stalled and there is a one-in-four chance that the country is entering into a recession, according to the National Institute of Economic and Social Research.
Sir Alan Duncan quits as Foreign Office minister before Boris Johnson’s expected victory
Sir Alan Duncan has quit as Foreign Office minister before Boris Johnson’s expected election as Conservative leader, saying it is “tragic” that the government has been dominated by the “dark cloud of Brexit”.
Boris Johnson insists that he will be the most pro-business PM possible
Boris Johnson has promised business leaders there will be enough turkeys for everyone to enjoy their Christmas in the event of a no-deal Brexit as he attempts to build bridges with industry.
Philip Hammond plans to resign as Chancellor if Johnson becomes PM
Philip Hammond has announced that he intends to resign as chancellor if Boris Johnson becomes the UK’s next PM.
New laws set to crack down on ‘gagging’ clauses in employment contracts
The government says it will crack down on the use of workplace “gagging clauses” to cover up allegations of harassment, discrimination and assault.
Labour set to end local council outsourcing contracts
Shares in Britain’s government and public services contractors are in the spotlight today after the Labour Party pledged to extend commitments to renationalise the privatised sector.
HS2 line cannot be delivered within £56bn budget and could rise by further £30bn
The chairman of the High Speed 2 rail project has reportedly warned that its cost could rise by £30bn.
Government borrowing rises to highest level since 2015
Public sector net borrowing rose sharply in June because of higher debt interest payments and rising spending on services, figures show.
Eve Sleep causing investors sleepless nights as sales to hit targets
Eve Sleep cut its losses by 50 per cent in the first half of the year but warned investors that the company expects to miss its annual sales targets.
Daily Mirror owner looks to extend Reach with purchase of rival titles
The owner of the Mirror, Express and Star national newspaper titles is in talks to acquire parts of the rival publisher behind the i and The Scotsman.