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Co-op says cyber-attack cost it £206m in lost sales
Posted onThe Co-op has said the cyber-attack it suffered earlier this year cost it at least £206m in lost revenues. The retailer’s IT networks were infiltrated by hackers in April, resulted in payment problems, widespread shortages of goods in shops, and the loss of customer data. Co-op chair Debbie White said the “malicious” attack had caused…
Northern Powerhouse Rail plans delayed again
Posted onFaisal IslamEconomics editor Getty Images Plans to extend high-speed rail across the north of England have been delayed further and will not now be announced by the prime minister at the Labour Party conference next week. The BBC understands concerns over the long-term costs of the line earmarked between Liverpool and Manchester have pushed back…
Tandridge District Council launches cost-of-living support fund
Posted onLow income households in a part of Surrey can now apply for new support funding. Residents with low incomes in the Tandridge District Council catchment area can request a grant to help with living costs from 10:00 GMT on Monday. Eligible households without children can apply for £125 while those with children can request £225….
Starbucks scraps $250,000 cap on bosss use of company jet
Posted onIt said: “Given Mr Niccol’s chief executive role, the enhanced media attention to which Mr Niccol and Starbucks are subject, and the current threat landscape, the security study for Mr Niccol also recommended that Mr Niccol use private aviation for all air travel, whether for personal, commuting, or business purposes.”
