It seems the Square Mile is being hit by more so-called ransomware attacks than anywhere else in the UK. Ransomware is the digital equivalent of highway robbery. Precious company data is stolen or encrypted, and will not be returned in a readable form unless a ransom is paid. Data from specialists, Malwarebytes, found the City suffered 670% more such attacks than the next nearest area - Manchester. Chris Boyd, Malwarebytes’ intelligence analyst, told Share Radio’s Nigel Cassidy that ransomware attacks are nothing less than a modern day protection racket.
Welcome to another episode of This is Money, brought to you in partnership with NS&I. This week, Editor Simon Lambert and Consumer Affairs Editor Lee Boyce team up with Georgie Frost to deliver you the best of financial journalism and analysis this week. And who knows where Brexit will take us, but the simple fact is for now Europe still has a profound effect. Most notably Germany this week, as serious instability at Deutsche Bank, the country’s largest bank, and massive job cuts at Commerzbank, it’s second biggest, are sending waves through the banking sector this side of the channel. It’s not all bad news for the Germans though, as their budget supermarket Aldi is eating up more of the market share in Britain, though it seems at the expense of their own profits as well. Sustainable strategy? We’ll have to wait and see.
Also on the show, the World Economic Forum raises its estimation of the British economy, the Help to Buy scheme has run its course, BHS gets a digital resurrection, and the gang give their favourite of their 50 top savings tips.
This is Money is presented by Georgie Frost, in partnership with NS&I.
On the show this week, we're taking a look back at the very best of our weekly financial analysis and commentary, in partnership with NS&I, over the past few months. And what a few months it has been! From Brexit to the Bank of England rate cuts, and don’t forget the BHS and Sports Direct scandals. We’re going to take you back, and get some perspective on it all. Maybe it will start to make sense... We'll also be looking at the major takeover of Britain’s own ARM holdings, a much-loved current account getting its rates slashed, and the best and worst of Great British Auto Manufacturing.
This is Money is presented by Georgie Frost, in partnership with NS&I
Rachel Rickard-Straus, Lee Boyce, Richard Browning, Simon Lambert
In honour of the Queen's 90th Birthday, Share Radio’s Matt Cox delves into the financial, technological and political highs and lows witnessed by Queen Elizabeth during her lifetime, and how it has shaped the country as we know it. In part two, a look at Britain in the new age 90's, travelling all the way to our present day.
In honour of the Queen's 90th Birthday, Share Radio’s Matt Cox delves into the financial, technological and political highs and lows witnessed by Queen Elizabeth during her lifetime, and how it has shaped the country as we know it. In part one, a look at Britain’s rise from the ashes of World War Two, to the dawn of the internet.
London has again been announced as the world's top financial centre. In the Global Financial Centres Index ratings, London just pipped New York to the number one spot. So what makes the City the best place for finance? Matt Cox spoke to Adrian Lowcock, Head of Investment at Axa Wealth.
Transport for London has approved a new plan to "modernise and improve" London's private hire industry, but it's seen to some as a crackdown on Uber's growth. So are regulators taking aim at disruptive companies to protect the "old guard", or is this another step in integrating innovation into the UK? Matt Cox spoke to tech consultant and analyst, Chris Green, to find out how he sees the situation.
The London Stock Exchange yesterday confirmed it was in detailed discussions with its German rival about an all-share merger. The exchanges have considered combining forces before. They agreed to merge in 2000 before a rival bid for the LSE from Sweden’s OM Gruppen scuppered the deal. The LSE then rejected a formal £1.3bn offer from Deutsche Börse in January 2005. So will it be third time lucky? Jasper Lawler, Market Analyst at CMC Markets, joins to discuss.
David Buik, Market Commentator at Panmure Gordon, talks about the Brexit referendum and the implications of an EU deal for the City. The Institute of Directors has found that 60% of its directors plan to vote to remain, and an open letter signed by half of the FTSE100 chairmen and chief executives say that leaving the EU “would put the economy at risk”.