Afternoon all,
The cyber attacks on supermarket fridges is not just contained to Europe, with a wave of incursions on British food suppliers. Officials confirmed today that refrigeration technology has been hit remotely, with the National Cyber Security Centre working “through the night” to warn the affected businesses.
Meanwhile, Virgin Media O2 has confirmed plans to slash thousands of jobs as part of an £800m cost-cutting drive. The telecoms giant blames stiff competition and “paradoxical” regulations for tough market conditions.
We’ll be back in your inboxes at 8am tomorrow. In the meantime, have a great evening!
Matt
RETAIL
UK food suppliers hit by European cyberattacks
The National Cyber Security Centre (NCSC) confirmed on Tuesday that vulnerable refrigeration technology had been exploited in a small number of incidents in Britain, after hackers remotely manipulated supermarket fridge temperatures across several European countries.
The attacks have forced retailers in Sweden, Belgium, Ireland and elsewhere to throw away large quantities of fresh and frozen food after refrigeration systems were switched into defrost mode.
TELECOMS
Virgin Media O2 confirms thousands of UK job cuts in £800m cost-cutting drive
The telecoms giant said around £300m of the total savings would come from cutting its 16,000-strong workforce in the UK, with aims to reduce its staff costs by around 30 per cent by 2029.
The company has not disclosed how many jobs in total will be lost.
RETAIL
Poundland owner ‘not acting in best interests’ of workers, says No10
Downing Street’s intervention comes amid growing political pressure on Gordon Brothers, as figures from Labour and Reform UK have criticised the Poundland owner for putting the firm’s 12,000 jobs at risk.
The Prime Minister’s official spokesman said on Tuesday: “We continue to stay close to what’s an extremely worrying situation for Poundland staff, their families and communities.”
PROFESSIONAL SERVICES
London-listed Knights’ recent acquisition results in staff layoffs
On Monday, London-listed legal and professional services firm Knights Group informed shareholders that it had completed its acquisition of the regional law firm with offices in Guildford, Lymington, Richmond, Southampton and Woking, with roots stretching over 200 years in the market.
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