43 h. ago JLR posts heavy losses as production returns to normal after cyber hack

Jaguar Land Rover (JLR) revealed that its annual profits are set to be wiped out after the hack in August halted production for over a month.

Technology

44 h. ago Jaguar Land Rover cyber attack cost company nearly £200 million

The incident halted the car firm's production in September for five weeks

Economics

44 h. ago Jaguar Land Rover plunges to loss after heavy cyber attack costs

JLR booked £196 million of extra costs linked to the cyber attack and £42 million related to voluntary redundancies.

Economics

2 w. ago Ministers urged to speed up support for UK car industry amid rising energy costs

TUC general secretary Paul Nowak said ‘sky-high’ energy costs put UK car manufacturers at risk of losing out to competition from abroad.

Politics

3 w. ago Wall Street hits record highs after US inflation report fuels interest rate cut hopes – business live

US consumer prices rose by less than expected last month, as markets digest breakdown of trade talks with CanadaUS prices rose at a 3% annual rate in September, slightly beating forecastsNewsflash: Conditions appear to be improving in the UK economy this month.The latest poll of purchasing managers at British firms has found that growth is picking up after the lull in September, partly helped by the resumption of manufacturing at Jaguar Land Rover after its recent cyber attack.“October’s flash UK PMI survey brings hope that September was a low point for the economy from which business conditions are starting to improve.Output has picked up, with a particularly welcome return to growth for manufacturing for the first time in over a year accompanied by an upturn in demand for services, notably among consumers. Business confidence has also brightened slightly, job losses have moderated, and inflationary pressures are coming back to levels consistent with the Bank of England’s 2% target...

Economics

3 w. ago Business conditions ‘starting to improve’ in UK economy as activity picks up – business live

Rolling coverage of the latest economic and financial newsNewsflash: Conditions appear to be improving in the UK economy this month.The latest poll of purchasing managers at British firms has found that growth is picking up after the lull in September, partly helped by the resumption of manufacturing at Jaguar Land Rover after its recent cyber attack.“October’s flash UK PMI survey brings hope that September was a low point for the economy from which business conditions are starting to improve.Output has picked up, with a particularly welcome return to growth for manufacturing for the first time in over a year accompanied by an upturn in demand for services, notably among consumers. Business confidence has also brightened slightly, job losses have moderated, and inflationary pressures are coming back to levels consistent with the Bank of England’s 2% target. Continue reading...

Economics

3 w. ago UK business activity improves as manufacturing returns to growth

The S&P Global flash UK composite purchasing managers’ index reported a reading of 51.1 in October, rising from 50.1 in September.

Economics

3 w. ago Business condition ‘starting to improve’ in UK economy as activity picks up – business live

Rolling coverage of the latest economic and financial newsNewsflash: Conditions appear to be improving in the UK economy this month.The latest poll of purchasing managers at British firms has found that growth is picking up after the lull in September, partly helped by the resumption of manufacturing at Jaguar Land Rover after its recent cyber attack.“October’s flash UK PMI survey brings hope that September was a low point for the economy from which business conditions are starting to improve.Output has picked up, with a particularly welcome return to growth for manufacturing for the first time in over a year accompanied by an upturn in demand for services, notably among consumers. Business confidence has also brightened slightly, job losses have moderated, and inflationary pressures are coming back to levels consistent with the Bank of England’s 2% target. Continue reading...

Economics

3 w. ago Car production plunged in September as the UK's motor manufacturing sector reeled from Jaguar Land Rover's cyber attack shutdown

The motor manufacturing trade body said on Friday that JLR's unscheduled production stoppage linked to the cyber breach has put the sector under 'immense pressure'.

Events

3 w. ago JLR cyber attack 'most financially damaging ever to hit the UK'

The car manufacturing giant was forced to stop production for five weeks

Events

3 w. ago The City must be protected from the malign threat posed by cyber crime

City of London Police coordinates the national response against fraud

Events

3 w. ago Jaguar Land Rover hack cost UK economy £1.9bn, report claims

The Cyber Monitoring Centre estimated the financial impact of the JLR cyberattack reached £1.9bn and affected over 5,000 organisations.

Economics

3 w. ago Hackers are now a serious risk to patients' lives as NHS records the first death due to a cyber crime

Heathrow Airport, Marks & Spencer, Jaguar Land Rover, the British Library. These are some of the leading UK companies and institutions that have fallen victim to cyber crime in the past couple of years.

Events