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UNITED KINGDOM

Phones 4 U collapses in UK putting jobs on the line

LONDON, UK: British mobile phone retailer Phones 4U has collapsed into administration, putting more than 5,500 jobs at risk, the group said.

16 Sep 2014

UNITED KINGDOM

UK bosses earn 143 times more than workers

LONDON, UK: The heads of Britain's largest companies earned 143 times more than their average employee last year, a study has revealed, exposing the growing pay gap between bosses and workers.

19 Aug 2014

UNITED KINGDOM

Further IT glitch hits UK bank customers

LONDON, UK: Britain's Lloyds banking group apologised on Sunday, 26 January, after many of its debit card customers were left unable to access their money following a server glitch.

27 Jan 2014

UNITED KINGDOM

RBS admits to decades of under-investment

LONDON, UK: The head of Royal Bank of Scotland admitted on Tuesday (3 December) that it had failed to invest in its information technology systems for decades, after a glitch left customers of the state-rescued bank unable to access cash for three hours.

4 Dec 2013

UNITED KINGDOM

Eight arrested over e-theft from Barclays in London

LONDON, UK: British police said they have arrested eight men after a gang stole £1.3m from Barclays bank by taking control of a branch computer system.

23 Sep 2013

UNITED KINGDOM

UK arrests 12 over 'cyber plot' to steal from Santander bank

LONDON, UK: British police said they have arrested 12 men over a "sophisticated" plot to remotely take control of a computer at a branch of Santander bank and steal millions of pounds.

16 Sep 2013

UNITED KINGDOM

Retail banking: Mortgages, loans and credit cards top consumer online queries

LONDON, UK: Analysis of the latest quarterly online search data for the retail banking sector from leading independent digital marketing agency, Greenlight, reveals queries pertaining to mortgages dominated consumer searches in July.

6 Sep 2013

UNITED KINGDOM

Google 'justifies' not paying taxes

LONDON, UK: A top Google executive on Monday (22 April) insisted that the company's "key" role in developing Britain's electronic commerce should be taken into account in the row it faces over its controversial tax arrangements.

23 Apr 2013

UNITED KINGDOM

People with secret bank accounts exposed

LONDON, UK: Millions of emails and leaked records from offshore tax havens have exposed the identities of thousands of holders of offshore accounts, including the family of the president of Azerbaijan and French President Francois Hollande's one-time campaign treasurer, The Guardian and Le Monde newspapers reported on Thursday (4 April).

5 Apr 2013

UNITED KINGDOM

Mergemarket Insight: Quarterly Report 2012

LONDON, UK: Global M&A (US$2174bn) has pivoted on the fear of a eurozone break up due to the Greek bailout. This has been the lowest in deal values since 2010.

3 Jan 2013

UNITED KINGDOM

Charities have to tackle 'new normal' economic conditions to survive - PwC

LONDON, UK: An economic climate of disappointing growth and volatility could be the 'new normal' for charities, prolonging the challenging fundraising climate, and further shocks cannot be ruled out.

21 May 2012

UNITED KINGDOM

Only a quarter of contactless card owners have ever made a contactless payment

LONDON, UK: With evolving technology, a growing emphasis on a cashless society and a demanding, time-poor culture, products that aim to make consumer payments as easy as possible are rapidly appearing on the market.

16 May 2012

UNITED KINGDOM

Ovum comments on O2 Wallet

LONDON, UK: Mobile operator, O2 has announced the launch of O2 Wallet - a service it says will deliver the benefits of mobile money to more UK consumers than any other product or service currently available. Eden Zoller, principal analyst at Ovum and author of upcoming report Mapping Mobile Payments, April 2012, has the following comment:

2 May 2012

UNITED KINGDOM

BRIC economies lost growth momentum in 2011 but US economy shows signs of improvement

LONDON, UK: BRIC economies will continue to drive global economic growth in 2012 but have been losing momentum in the second half of 2011 and further slowing of growth is expected in 2012. The US economy is picking up, and looks set to achieve robust growth this year. A significant worsening of the Eurozone crisis remains the key risk for all of these economies, according to two PwC reports launched this week, Economic Views - BRIC and Economic Views - US.

1 Mar 2012

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