Business & Tech
The latest stories from independent business & tech media.
'123456' password linked to Denmark data breach affecting 8.8M people
Local media reports three weakly protected accounts at small IT biz whose access to national register was abused
Typo to quit UK as high rents and weak sales force closure of all stores
Australian stationery and gifting chain Typo is pulling out of the UK after a decade, with all its stores and online operations set to close by early 2027.
IFA Kerry Nelson pleads guilty to £2m fraud
IFA Kerry Nelson has pleaded guilty to defrauding clients of £2m and using false documents as part of the fraud. Nelson, director of Nexus IFA and Nexus IM, admitted all charges brought by the FCA at Portsmouth Crown Court, alongside the firms' business operations manager,
Megan Fox takes ownership stake in creator platform Subs.com
Hollywood actress Megan Fox has become a co-owner of Subs.com, a direct-to-fan content platform co-founded by OnlyFans co-founder Tim Stokely.
Joe Norburn: Outsourcing the work doesn’t outsource accountability
Some wealth managers increasingly rely on external specialists for compliance support, customer operations and project work. Those providers may carry out the work, but the wealth manager remains accountable for it.
Transact attracts £4.2bn of net inflows despite Budget uncertainty
Transact attracted £4.2bn of net inflows in the year to 30 September despite Budget-related uncertainty, helping funds under direction on the adviser platform rise 17% to £86.5bn.
Microsoft will soon run its services primarily on custom chips
CEO Satya Nadella touted "our biggest bet yet on our own silicon."
European datacenter boom threatens higher energy bills unless governments intervene
Moody's forecasts server farms could consume 17% of Dutch electricity and 30% of Ireland's by 2035
Owner of fashion brands Hobbs and Whistles joins autumn pwned collection
Several IT systems remain offline and orders face delays as TFG London becomes latest retailer to suffer cyberattack
UK Cabinet Office takes £7.8M hit to kill off recruitment system
Department told to ditch it to get back in line with Shared Services Strategy, plus faces £8.9M fine for IR35 shambles
Intel optimizes IPv6 networking into nothingness, say users
Customers report connectivity strangeness in the Intel Connectivity Performance Suite
Isa millionaires jump 52% to almost 8,000
The number of Isa millionaires rose by more than half in 2023/24, with almost 8,000 individuals now holding more than £1m in the tax-efficient savings wrapper. Data obtained by Murphy Wealth through a Freedom of Information request to HMRC shows 7,730 people held Isa portfolios
Steven Levin: AI is changing financial advice but not its value
The arrival of generative AI has fundamentally changed our relationship with information. Consumers are increasingly comfortable using AI tools to answer questions that once required an expert.
In the age of agentic AI, how does the 'shared responsibility' model work?
The cloud model split security duties between provider and customer. Enterprise AI is still figuring out how to draw the lines.
Home Office asylum AI flunks one in five accuracy checks
Ministers promised faster decisions, but campaigners say the technology is making mistakes while asylum processing times are getting worse
VMware is pushing so many patches, it thinks users need new tools to manage the flood
It's 2026 and Virtzilla reckons it's OK to pay for MFA
Hirestreet owner launches circular retail group as it eyes further acquisitions
CTR Group, the owner of fashion rental platform Hirestreet and secondhand marketplace Thrift+, has brought its circular retail businesses together under its ZOA Group umbrella.
Ann Summers launches InPost delivery
Ann Summers has collaborated with InPost, an out-of-home parcel locker provider, to give “consumers more choice about how they receive their orders”. Customers will be able to chose a 48-hour delivery to an InPost Locker at checkout to a location and time that suits them.
How Banks Can Safely Scale Agentic AI From Pilot to Production
At Sibos 2026, Smartstream’s CEO Akber Jaffer discusses how banks can safely scale agentic AI from pilot to production with robust governance.
Latvia enters EU fintech race
Latvia is making a push for EU fintech hub status in a battle with fellow Baltic states Lithuania and Estonia.
Matt Ralph succeeds Eckersley as Castlefield CEO
Investment and financial planning specialist Castlefield has appointed Matt Ralph as CEO, succeeding founder John Eckersley with immediate effect. Eckersley will remain involved with the business as non-executive chair.
Frasers ups Burberry stake to 7.4% as Mike Ashley’s luxury ambitions grow
Frasers Group has increased its interest in Burberry to 7.42 per cent, just weeks after snapping up Harvey Nichols and tightening its grip on Hugo Boss.
Supermarket forced to throw out food after hackers turn fridges up to 50C
French supermarket giant Intermarché has been forced to throw away fresh and frozen food after hackers remotely raised the temperature of refrigeration systems to 50C, in a cyberattack that has affected hundreds of stores across France.
LVMH’s luxury recovery falters as Louis Vuitton sales slump
LVMH has suffered a fresh setback in its hopes of a luxury market recovery. Sales at its flagship fashion and leather goods division fell five per cent in the third quarter, dragged down by weaker demand in China.
Morrisons and Waterstones among names eyed for sale as private equity cashes out
Some of Britain’s best-known high street names, including Morrisons, PizzaExpress and Itsu, are being lined up for potential sales as private equity firms look to cash in on investments made during the pandemic-era dealmaking boom.
Octopus Money COO to join Openwork Partnership
Octopus Money’s Paul Titterton will join The Openwork Partnership as its new chief operating officer (COO) in early November, Money Marketing can confirm.
Quilter partners with ZeroKey to cut adviser admin burden
Quilter has partnered with technology provider ZeroKey to reduce administration for financial advisers by removing the need to manually enter the same client information across multiple systems.
B&Q owner Kingfisher appoints OBI boss Sebastian Gundel as new CEO
B&Q and Screwfix parent company Kingfisher has appointed OBI boss Sebastian Gundel as its new chief executive, replacing Thierry Garnier, who is leaving to lead supermarket giant Ahold Delhaize.
The Morning Briefing: Isa millionaires near 8,000; Openwork hires Octopus Money COO
Good morning and welcome to your Morning Briefing for Tuesday 13 October 2026. To get this in your inbox every morning
Hobbs, Whistles and Phase Eight hit by cyber incident as retailers face fresh attacks
Hobbs, Whistles and Phase Eight have been hit by a cyber incident that has left several IT systems unavailable, just days after Asos became the latest major fashion retailer to fall victim to hackers.