Young key workers in London spend more than half of pay on rent (4 hours old)

Harder for teachers, nurses and police to keep pace with England’s housing costs – PwCLondon and the southern regions of England are facing a dearth of teachers, nurses and police officers as rising rents make housing in large parts of the UK unaffordable for key public sector workers.A report by the consultancy firm PricewaterhouseCoopers said there was an urgent need to increase the supply of homes after it found that the failure of public sector pay to keep pace with soaring housing costs had made it increasingly hard for workers on modest incomes to make ends meet. Continue reading...

Gavin Woodhouse can be removed as director of companies, says high court (10 hours old)

Thousands withdrawn from bank account not disclosed to administrators, judge hearsThe high court has ruled that Gavin Woodhouse can be removed as a director of a series of his subsidiary companies after a judge heard the embattled financier had been withdrawing tens of thousands of pounds from a bank account he had kept secret from administrators.The move follows temporary administrators taking control of five Woodhouse companies over the past two weeks, including care homes and a planned adventure park. A crisis has engulfed the entrepreneur’s business interests after an undercover investigat[...]

Boeing 737 Max ordered by Ryanair undergoes name change (15 hours old)

Decision fuels speculation that troubled plane will be rebranded once it is given all clear to flyA Boeing 737 Max due to be delivered to Ryanair has had the name Max dropped from the livery, further fuelling speculation that the manufacturer and airlines will seek to rebrand the troubled plane once it is given the all clear to fly again.Photos have emerged of a 737 Max in Ryanair colours outside Boeing’s manufacturing hub, with the designation 737-8200 – instead of 737 Max – on the nose. The 737-8200 is a type name for the aircraft that is used by aviation agencies. Continue reading...

'Tulip' tower project in City of London vetoed by Sadiq Khan (5 hours old)

Design of proposed 300–metre skyscraper by Norman Foster’s firm deemed not good enoughPlans to build a 300-metre (1,000ft) skyscraper dubbed “the Tulip” in the City of London near the Thames have been thrown out by the capital’s mayor, Sadiq Khan.The building, designed by Norman Foster’s architectural practice, would have been the second tallest in western Europe, but its design was deemed not to be good enough for such a prime location. Continue reading...

Alan Turing to feature on new £50 banknote (4 hours old)

Mathematician who cracked Enigma code was persecuted for his homosexuality in 1950sThe father of modern computing: Alan Turing’s legacyAlan Turing, the scientist known for helping crack the Enigma code during the second world war and pioneering the modern computer, has been chosen to appear on the new £50 note.The mathematician was selected from a list of almost 1,000 scientists in a decision that recognised both his role in fending off the threat of German U-boats in the Battle of the Atlantic and the impact of his postwar persecution for homosexuality. Continue reading...

No 10 hands Jaguar Land Rover £500m loan to develop electric cars (9 hours old)

Meeting of carmakers also told of plan for new houses to have EV charging pointThe government has handed Jaguar Land Rover a £500m loan guarantee to help accelerate its progress in the global electric vehicle race.Theresa May said the loan would help Britain’s biggest carmaker sell the next generation of electric cars around the world. She told a meeting of industry leaders at Downing Street on Monday that the funding pot would include £500m from UK Export Finance alongside another £125m from commercial lenders. Continue reading...

Donald Trump claims trade war is working as China's economy slows (13 hours old)

Chinese economic growth falls to slowest pace since 1992 – but is expanding faster than the USDonald Trump has claimed that his tariff battle with China is working after official data from Beijing showed growth in the world’s second biggest economy dropping to its slowest pace since 1992.The US president said the impact of his protectionist measures had been to cause an exodus of companies from China, as Beijing announced that its annual rate of expansion had slowed from 6.4% to 6.2% in the second quarter of 2019. Continue reading...

Pets at Home buys stake in dog-walking service Tailster (15 hours old)

Tailster uses app to offer network of 26,000 self-employed pet carers across UKPets at Home has taken a stake in the dog-walking and pet-sitting service Tailster.com, aiming to take a slice of a market estimated to be worth £1bn.Tailster uses a network of 26,000 self-employed pet carers across the UK, which it connects with customers via an app that offers GPS tracking of dog walks, real time photos and free insurance. Continue reading...

Sports Direct delays results amid House of Fraser woes (20 hours old)

Retailer warns past financial guidance could change because of ‘a number of key areas’Sports Direct has delayed the publication of its annual financial results, warning that it could miss profit forecasts amid uncertainty over the performance of House of Fraser. Shares in the retail group, controlled by the Newcastle United owner Mike Ashley, fell nearly 10% to 238p, their lowest level this year, as analysts suggested the company was struggling to cope with a string of acquisitions made in the past 18 months. Continue reading...

Whistleblowers need independent office to protect them, say MPs (17 hours old)

Existing laws leaving staff who speak up exposed to abuse by their employers, says reportMPs are calling for the creation of an independent office to protect whistleblowers after a report found existing UK laws are leaving staff who speak up exposed to abuse by their employers.The paper, published by the all-party parliamentary group (APPG) on whistleblowing, detailed the serious personal and professional costs associated with calling out wrongdoing. Continue reading...

UK remains prime target for telephone scammers, report shows (1 day old)

Level of inbound fraud similar to that of Tunisia, Somalia and Cuba, BICS study finds

Ingenuity helps bridge UK’s rural broadband divide (2 days old [13/07/19])

Communities lay their own cables and set up bespoke masts to extend coverage

BT says it may cut dividend to fund fibre broadband plans (5 days old [10/07/19])

Chief says it could cost £400m-£600m to connect 15m homes by middle of next decade

Bulgaria’s Vivacom up for sale in spite of ownership dispute (5 days old [10/07/19])

Lazard has been appointed to sell country’s largest telecoms company

Cisco in $2.6bn deal to buy Acacia Communications (6 days old [09/07/19])

Orange chief Richard acquitted in long-running fraud case (6 days old [09/07/19])

Paris court clears telecoms company leader of any wrongdoing in Tapie action

Bob Collymore, telecoms executive, 1958-2019 (10 days old [05/07/19])

A pioneering businessman who drove Kenya’s mobile money revolution

EU states reject WiFi plan for driverless cars (11 days old [04/07/19])

Proposal from European Commission would have excluded future 5G systems

Huawei: still fighting for survival despite Trump truce (12 days old [03/07/19])

The Chinese telecoms group is determined to accelerate efforts to become self-reliant

Dish/Sprint/T-Mobile: fourth in July (13 days old [02/07/19])

The Feds are insisting on a market with 4 players

Facebook launches tool to shutdown online scams (4 hours old)

Martin Lewis lawsuit prompts new reporting procedure for fraudulent ads

Southeast Asian tech boom leaves Singapore standing (5 hours old)

Low valuations and thin liquidity encourage companies to sell stock elsewhere

Broadcom’s bid for Symantec stalls over price cut (9 hours old)

Takeover talks halted at eleventh hour after US chipmaker reduces offer

New £50 banknote faces Turing test (10 hours old)

The Birds and the bikes, Facebook’s fine, Apollo 11’s week, Bose Frames

Uber ties executive bonuses to diversity targets (13 hours old)

Ride-hailing company seeks to increase number of women and under-represented people in top roles

Yandex and Uber buy Russia’s largest taxi company (14 hours old)

Ride-hailing joint venture significantly increases its market share with purchase of Vezyot

Recursion raises $121m to map how disease affects cells (15 hours old)

Latest fundraising comes as investors bet that AI will change drug discovery

Hellobike eases past China’s cycle-sharing pack (16 hours old)

Alibaba unit Ant Financial is biggest investor in rare survivor of brutal price wars

Digital upstarts need to play by the same rules (17 hours old)

We need to create an environment in which the benefits can be reaped while minimising the risks

Tencent-backed robot maker UBTech looks to China for IPO (22 hours old)

Shenzhen-based company ponders choice of venue after $5bn valuation last year