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60269688 - sheffield, uk - july 10, 2016: the co-operative bank branch in sheffield, yorkshire, uk. the bank is part of the co-operative group employing 70,000 people.

CO-OP BANK WARNS OF CONTINUING LOSSES AMID INTEREST RATE CUTS AND BREXIT IMPACT

The Co-operative Bank has warned that interest rate cuts will hold back its recovery efforts in the wake of the Brexit vote and confirmed it was set to remain loss-making until the end of 2017. Outgoing boss Niall Booker said banks were facing “challenging” times following the UK’s vote to leave the European Union, with […]

52776317 - beautiful freelancer working with a laptop in a desk at home room or office

FAKE PC APP CLAIMS TO BE POKEMON BUT IS ACTUALLLY RANSOMWARE

A new type of ransomware is impersonating Pokemon Go to gain access to users’ computers and con them out of their cash. Researcher Michael Gillespie uncovered the malware, which lures users in to infecting their Windows PCs with the popular game’s name and a Pikachu logo. Once active, it encrypts common file types like regular […]

59285996 - fraud hacking spam scam phising concept

SCAMMERS TARGET NEW UNIVERSITY STUDENTS WITH PHISHING CAMPAIGN

Scammers are targeting new university students by sending them emails claiming to be from the Student Finance England. The Student Loans Company has warned students not to be fooled by the phishing emails and texts, which ask them to update their personal information to receive payments. If they do not, the messages say, they could […]

Data-leak

HALF OF ORGANISATIONS AREN’T READY TO DEFEND AGAINST MALICIOUS INSIDERS

Nearly half of organisations are not ready to defend against malicious insiders within their firms, according to a new report. A survey by security firm Mimecast found that 45 per cent of organisations are ill-equipped to cope with the threat of malicious insiders, making them their own worst enemies. Meanwhile, 90 per cent said malicious […]

37056057 - group of school kids with teacher looking to tablet pc computer in classroom

VTECH BID TO TAKE OVER LEAPFROG FACES COMPETITION PROBE

Toddler tablet maker VTech’s takeover of rival Leapfrog faces a possible full-blown investigation in the UK over competition concerns following the deal. An initial inquiry by the Competition and Markets Authority (CMA) found the takeover leaves little competition in Britain for children’s electronic learning toys, with VTech and Leapfrog being two of the three largest […]

Screwfix

SCREWFIX DRIVES KINGFISHER SALES TO £3BILLION AS DIY SECTOR HOLDS UP AFTER BREXIT

B&Q owner Kingfisher notched up impressive sales growth in the second quarter and said there has been “no clear evidence” of falling demand following the Brexit vote. Like-for-like sales at the DIY specialist rose 3% to £3 billion, driven by strong growth at trade outlet Screwfix. The retail group said like-for-like sales at Screwfix rocketed […]

bt

BT SPAT WITH RIVALS CONTINUES OVER ‘FIX BRITAIN’S INTERNET’ CAMPAIGN

BT rivals – TalkTalk, Sky, and Vodafone – have hit back following BT boss Gavin Patterson’s complaints over their Fix Britain’s Internet campaign. In a letter signed by Sky chief executive Jeremy Darroch, Jeroen Hoencamp, the outgoing head of Vodafone UK, and TalkTalk CEO Dido Harding, the bosses rail against the level of BT’s spending […]

Selfie

SELF OBSESSED SELFIE SOCIETY GREAT NEWS FOR COSMETICS FIRMS

Some call it extreme narcissism, for others, it is just a bit of fun. For Estee Lauder, the selfie is a trend that has helped drive a rise in make-up sales. Cosmetics was the fastest growing division for the company for the full-year to 30 June, with turnover up 9%. The owner of brands such […]