24 hours ago, Tesco Bank suffered a cyberattack that resulted in many customers having their cards blocked. Now, the bank is blaming a systematic, sophisticated attack that took money from as many as 20,000 customers. To find out what is going on with the bank and how it is going to resolve the issue, stay right here on Sentifi.
Tesco Bank: Has information on the root of the attack
CEO Benny Higgins said the bank knew the nature of the attack, but decided to withhold the information as it was part of a criminal investigation. He said all affected customers, or about 40,000 accounts, will be refunded in the next 24 hours. The banks still does not allow some customers to make online payments with debit card. In the meantime, the bank is still working to resume normal service.
Windstream Holdings Inc.: Acquires Earthlink
The transaction is $1.1 billion, including debt. The deal follows the trend of merger activity in the telecom sector where carriers are trying to build scale and create diversification beyond their legacy services. The combined company will have about 145,000 fiber route miles that provide services to both consumers and enterprises.
Ryanair Holdings: Reports a 7-percent increase in first-half net profit
The Irish budget carrier saw growth across the board, from revenue to passenger traffic, in the face of repeated ATC strikes, terror events and the adverse economic impact of Brexit. The company exercises caution in the outlook for next year and beyond, saying Brexit will continue to overhang its business. It has cut the planned U.K. growth in 2017 from 12 percent to 5 percent,and it will focus on stimulating growth in markets such as Italy, Germany and Belgium.
Priceline Group: Shares rise 5 percent of strong Q3 earnings
The company earned $31.18 per share compared to the expectation of $29.32 per share. It also predicted a growth of 14 percent to 19 percent for Q4 earnings.
Leshi Internet Info: Reassures the public the company is fine despite difficulties
CEO Yueting Jia recently told employees that the company is facing stagnation and management problems due to rapid growth, which resulted in him cutting his salary to 15 cents in order to keep the company steady. Needless to say, it worries the investors, but North American operations lead Brian Hui reassured that things are not as dire as it seems and debunked the rumors that the company would abandon the development of autonomous vehicle and was carrying debt to its suppliers.
Lending Club Corp.: Shares jump 15 percent on better-than-expected Q3 results
The company registered a loss of 4 cents per share, below the forecast of a loss of 7 cents a share. The shares reflected positive vibes from investors as well as potential customers, given that fact that they had shown a lack of interest in being part of the club in the past. With that said, the company admitted it still has lots of work to do to regain the confidence of its investors and banks after the U.S. Department of Justice probed into the company’s business practices.
Cempra Inc.: Is on the receiving end of a class action lawsuit
Investors who purchased the company’s securities between May 1, 2016 and November 1, 2016 have collectively filed a class action lawsuit against the company for making materially false and misleading statements, as well as failing to disclose material adverse facts about its business, operations and prospects.
Dentsu: Is criticized for overworking employees
Japan’s labor ministry is eying criminal charges against the company for “enforcing excessive overtime” that led to a suicide of a 24-year-old employee. About 30 members of a so-called overwork task force worked over 100 overtime hours. The company said it would fully cooperate with the investigations.
News Corporation: Q1 revenue slides 2.4 percent
The slide was due to an 11 percent decline in ad revenue and a softer property market. News Corp. global CEO Robert Thomson said print advertising challenges were partially offset by digital gains and cost-cutting initiatives, as the company continues to push digital and invest in high quality, premium content balanced with ongoing cost-cutting measures.
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