UK data agency plays down privacy risks of connected tech, as demand for Amazon Alexa and Google Nest show consumer trust January 17, 2023 The UK’s data watchdog has played down potential privacy concerns linked to connected technology, arguing that strong demand for devices like the Amazon Alexa and Google Nest suggest British consumers are not that worried. MPs from the Digital, Culture, Media and Sport Committee (DCMS) yesterday quizzed the Information Commissioner’s Office, as well as Amazon and [...]
Madonna announces major world tour with ‘outrageous sex appeal’ to celebrate her career January 17, 2023 Madonna has announced a major world tour that is touted to her her “biggest tour ever”. The 64-year-old wiped her Instagram in preparation for the announcement. “It’s going to be the biggest tour she’s ever done,” an executive told Billboard. They added that the tour will include “over-the-top production that delivers both “Material Girl” kitsch [...]
More abuse cases could come out of the Met after shocking Carrick crimes, Home Secretary warns January 17, 2023 More shocking cases of abuse and sexual violence could come to light in the Metropolitan Police, the Home Secretary said this afternoon. Suella Braverman told the House of Commons it was “imperative” the police force double down on their vetting processes after Met Police Officer David Carrick pleaded guilty to 49 offences across two decades, [...]
LVMH: Shares in luxury giant hit record high amid warning it’s ‘firing last cartridge’ on back of China’s reopening January 17, 2023 Shares of luxury goods giant LVMH soared to a new record high of £703.35 (€795.7bn) this morning, bringing the company’s market capitalisation to £350bn. LVMH (Moët Hennessy Louis Vuitton) continues to thrive after China’s reopening at the start of the year proving to be a major boost for the company, which relies heavily on luxury [...]
LendInvest: Property fintech brings Lloyds funding deal to £300m for mortgage market push January 17, 2023 LendInvest has secured a new £120m funding boost from Lloyds Bank today as it prepares a push into the UK’s £1.2tn homeowner mortgage market for the first time. The London-listed property fintech firm said Lloyds had now offered up a credit facility worth £300m after striking a deal for an initial £180m in October to [...]
Bitcoin up and over $21k while Ethereum sits comfortably above $1,500 January 17, 2023 The price of Bitcoin this morning is around $21,210, while Ethereum is changing hands for $1,565 - both up around 20% on the week.
Naked Wines: 2023 revenues likely to rise but challenging times still ahead January 17, 2023 Naked Wines increased its full year earnings estimates upward to between £13 and17m, compared to previous guidance of around £9m to 13m. In a trading update for the quarter ending 26 December 2022 Naked Wines said it expected trading performance to remain flat, trading compared to the previous year. There was no change to a [...]
Diageo buys Don Papa Rum as drinks maker continues drive to re-stock drinks cabinet with premium brands January 17, 2023 Alcohol giant Diageo has swooped in for super-premium brand Don Papa Rum for £230m. The London-listed drinks company is putting up the cash with a possible £157m consideration through to 2028, subject to performance. The maker of Jack Walker whisky said the dark rum brand had annual growth of 18 per cent in Europe and [...]
Which senior bankers have made the trip to Davos? January 16, 2023 The world’s rich and powerful return to Davos this week as the world grapples with a challenging set of economic issues. The topic for this year’s meeting – which has returned to its normal January timeslot – is Cooperation in a Fragmented World. The basic tenet guiding the meeting is that “the current crises, [...]
Andrew Bailey says ‘no deal’ was done between government and BoE on post-Brexit rules shake-up January 16, 2023 Andrew Bailey, the governor of the Bank of England, said today there was no backhand deal done between the central bank and the government over a post-Brexit shake up of the UK’s financial rules regime. Responding to questions from MPs during a Treasury Committee meeting today, Bailey, 63, said the Bank “did not trade Solvency [...]