20,000 Tesco Bank customers’ money at risk

Around 20,000 Tesco Bank accounts suffered “significant” fraudulent activity over the weekend, the bank’s CEO said on Monday.

Tesco Bank are temporarily stopping online transactions after 40,000 accounts experienced suspicious transactions in the early hours of Sunday morning. Around 20,000 of those had money removed from their bank.

However, CEO Benny Higgins moved to calm customer fears on Monday morning, saying that “any financial loss that results from this fraudulent activity will be borne by the bank”, adding that “customers are not at financial risk”.

 

UK house prices up in October

House prices increased dramatically in October, going against the market’s general downward movement and surprising analysts.

The figures, from mortgage lender Halifax, showed a 1.4 percent rise in October. This comes after a 0.3 percent rise in September. Analysts had expected a rise of around 0.2 percent.

Ryanair confident after strong figures

Ryanair reported a 7 percent increase in first-half profits on Monday, describing it as a “strong first half”.

The budget airline disclosed a €1.168 billion profit between April and September and raised its long-term traffic forecast by 10 percent.

Ryanair remained confident it could deliver good figures in the second half of the year, “despite the uncertainty of Brexit”. In an interview with the BBC, CEO Michael O’Leary said business was “booming”, but that the environment was “bearish” after the Brexit vote.

Last month, Ryanair reduced full-year profits guidance to between €1.3 billion and €1.35 billion, 5 percent lower than originally expected.

07/11/2016