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☆ Mass IT outage: here's a list of companies and operations affected
▼ + stars: | 2024-07-19 | by ( Beatrice Nolan | ) www.businessinsider.com time to read: +5 min

Read previewA mass IT outage has hit flights, banks, retailers, and media outlets around the world. Here are some of the companies and operations affected. AdvertisementAirlinesAirlines, including United, Delta, American, and Allegiant, have all grounded flights due to the mass outage. Related stories"KLM and other airlines and airports have been affected by a global computer outage, making flight handling impossible. AdvertisementGrocery store chain Woolworths told BI that some stores had "been impacted as a result of the global IT issue."

Persons: —, We're Organizations: Service, Microsoft, Business, Advertisement Airlines Airlines, American Airlines, BBC, Frontier Airlines, Ryanair, KLM, Alaska State Troopers, Airports Major, Gatwick, NHS, Reuters, Media, News Sky, London, Exchange, London Stock, London Stock Exchange, Retailers, Bloomberg, McDonald's, Woolworths Locations: United, Delta, State, Alaska, Heathrow, Gatwick, Luton, Northern, McDonald's Japan

☆ Britain's Hunt broadens push to unlock pension pots for growth
▼ + stars: | 2023-11-22 | by ( Huw Jones | ) www.reuters.com time to read: +3 min

By 2030, the majority of workplace DC savers will have their pension pots managed in schemes of over 30 billion pounds, and by 2040, all local government pension funds will be invested in pools of 200 billion pounds or more," Hunt told parliament. Hunt said such changes could help unlock an extra 75 billion pounds ($93.46 billion) of financing for high growth companies by 2030, and improve returns for pensioners. The British Business Bank will set up a new growth fund for schemes to invest in growth companies, and there will be a consultation on giving the Pension Protection Fund a new role to help consolidate direct benefit schemes, he said. The government also wants to allow certain portions of shares - fractional shares - within ISAs. ($1 = 0.8025 pounds)Reporting by Huw Jones Editing by Frances Kerry and Bernadette BaumOur Standards: The Thomson Reuters Trust Principles.

Persons: Jeremy Hunt, Hannah McKay, Hunt, PIMFA, William Wright, Huw Jones, Frances Kerry, Bernadette Baum Organizations: REUTERS, British, London Stock Exchange's, Aquis Exchange, DC, British Business Bank, Local, ISA, Labour Party, Labour, New, Thomson Locations: London, Britain, New York, ISAs

☆ LSEG's Refinitiv Eikon platform suffers outage in Europe
▼ + stars: | 2023-09-25 | by ( ) www.reuters.com time to read: 1 min

Sept 25 (Reuters) - Users of London Stock Exchange's (LSEG.L) Refinitiv news and data platform Eikon said on Monday they experienced brief outages across some countries in Europe. LSEG said it was working to resolve the issue. We are working diligently to identify the problem and resolve it as soon as possible," a Refinitiv customer support executive said in an email. As of 1119 GMT live prices appeared to be updating and some Eikon users also said the service had resumed. Reporting by Danilo Masoni; Editing by Amanda Cooper and Susan FentonOur Standards: The Thomson Reuters Trust Principles.

Persons: LSEG, Danilo Masoni, Amanda Cooper, Susan Fenton Organizations: London Stock, Thomson Reuters, Reuters, Thomson Locations: Europe, LSEG

☆ Singapore property tycoon cooperating with anti-graft agency - company
▼ + stars: | 2023-07-14 | by ( ) www.reuters.com time to read: +2 min

[1/2] Property tycoon Ong Beng Seng walks out of the Corrupt Practices Investigation Bureau headquarters in Singapore July 12, 2023. SINGAPORE, July 14 (Reuters) - A Singapore-based property tycoon known for bringing Formula One races to the city-state is cooperating with the anti-graft agency in a case launched earlier this week involving the transport minister, his company said on Friday. The CPIB earlier this week said it had launched an investigation into Iswaran, but did not provide further details. The case is a rare high-level probe in Singapore, a top Asian financial hub that prides itself on a corruption-free government. Ong, who was travelling on Friday, will surrender his passport to the CPIB upon his return to Singapore, his company said.

Persons: Ong Beng Seng, Ho Peng Yew, Iswaran, Lee Hsien Loong, Ong, Christina Ong, Kanupriya Kapoor, Martin Petty, Raju Gopalakrishnan Organizations: Practices, Singapore Press Holding Media, Formula, Properties, Reuters, Concorde, London Stock, Forbes, Thomson Locations: Singapore, SINGAPORE, COMO, Malaysia

☆ Explainer: Boosting the City: Part Two of UK's post-Brexit finance reforms
▼ + stars: | 2023-07-10 | by ( Huw Jones | ) www.reuters.com time to read: +4 min

Companies on the London Stock Exchange's AIM and Aquis Exchange's growth market would also be eligible. Many savers in direct contribution pension funds are years away from retirement, making it easier to make changes now without risking their pensions. The proposed Intermittent Trading Venue would be launched by the London Stock Exchange in 2024. Britain will make trading shares more efficient by ending the use of paper trails for official transaction records. The government will hold public consultations on some of the proposed pension reforms while regulators already have powers to implement other changes, such as the rules on research.

Persons: Jeremy Hunt, AFME, Huw Jones, Mark Heinrich Our Organizations: London, European, Companies, London Stock, AIM, ARM, London Stock Exchange, Labour Party, Labour, Thomson Locations: European Union, Britain, New York, Australia, Canada

☆ London suffers IPO 'drought' as fund raising plunges by 90% this year
▼ + stars: | 2022-12-14 | by ( Jenni Reid | ) www.cnbc.com time to read: +1 min

The number of firms listing in London fell by 67% in 2022. LONDON — Funds raised by companies listing in London plunged by more than 90% this year, according to new research. Year-to-date, 40 firms have floated on the London Stock Exchange's main and alternative investment markets, according to data published by KPMG Wednesday. Total funds raised dropped from £14.3 billion ($17.7 billion) to £1 billion, the research said. However, London has failed to notch any blockbuster IPOs that raise more than a billion pounds.

☆ UK's Made.com terminates talks with interested parties for potential sale
▼ + stars: | 2022-10-25 | by ( ) www.reuters.com time to read: 1 min

Oct 25 (Reuters) - British online furniture retailer Made.com Group (MADE.L) said on Tuesday talks with a number of interested parties for a potential sale of the company have been terminated after they were unable to meet the timetable. The company added it is no longer in receipt of funding proposals or any possible offers for a potential sale. "The company may determine that it is appropriate to request a suspension of listing of the company's ordinary shares on the London Stock Exchange's Main Market for listed securities," Made.com said in a statement. Reporting by Amna Karimi in Bengaluru; Editing by Krishna Chandra EluriOur Standards: The Thomson Reuters Trust Principles.

☆ Check out the pitch deck in-game advertising company Bidstack used to raise $11 million
▼ + stars: | 2022-10-11 | by ( Lara O'Reilly | ) www.businessinsider.com time to read: +2 min

In-game adtech company Bidstack recently raised an $11 million post-IPO equity round. Check out the key slides from the pitch deck that helped Bidstack land its latest investment. Founded in 2015, Bidstack started as an adtech company that helped advertisers buy space on digital billboards, using programmatic technology. Bidstack posted a loss of 6.3 million pounds ($6.9 million) last year and grew revenue by 55% to 2.6 million pounds ($2.9 million). Check out the key slides from the pitch deck that helped Bidstack snag $11 million in investment.

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