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Mark Carney set to write inflation failure letter

Bank of England governor Mark Carney could have to write a letter to the Chancellor this morning to explain why the Monetary Policy Committee has allowed inflation to stray so far from its 2pc target rate. (2-0)

The week ahead in business and finance

Ladbrokes Coral’s update is considered largely academic to investors as bricks-and-mortar bookies await their fate in the Government’s review into the gambling sector. A 12-week consultation, which began last month, will decide how low the maximum stake in FOBTs will be with a £2 verdict from its current £100 limit considered disastrous for the likes of Ladbrokes and William Hill. (5-0)

Market report: Burberry fall softened by activist investor upping stake

Burberry’s strategy shift-induced freefall on the FTSE 100 came to a sudden halt after revered Belgian activist investor Alfred Frère seized the opportunity to snap up the fashion house’s shares on the cheap following its two-day plunge. (54-0)

PRESS DIGEST- British Business - Nov 3

2017-11-03 reuters
Nov 3 (Reuters) - The following are the top stories on the business pages of British newspapers. Reuters has not verified these stories and does not vouch for their accuracy. (3-0)

Top Tech Dividend Dogs Xperi, TiVo, PCTEL, & LSI Shoot For Over 20% October Gains Per Broker Targets

2017-10-19 seekingalpha
Top Technology ten, CSCO, STX, IBM, ASX, AMSWA, QCOM, LYTS, PCTI, TIVO, & XPRI, by analyst estimated net gains, averaged 29.8%, calculated 10/13/17. (53-0)

Market report: Oil producers slide as tensions rise in Kurdish Iraq

Rising tensions in Kurdish Iraq drove down shares in exposed Genel Energy and Gulf Keystone Petroleum as the prospect of a supply squeeze in the oil-rich region pushed Brent crude above $58 per barrel. (2-0)

Telit and Husqvarna Collaborate on Robots for Urban Park Sustainability Program

2017-10-10 prnewswire
Telit's end-to-end IoT solutions are enabling real-time sensor data from robotic lawnmowers that offers valuable insight into green-space environmental conditions and park maintenance (2-0)

Telit Bluetooth Module Selected for 270 Vision BPMpro Sensor

2017-10-09 prnewswire
- BlueMod+SR delivers competitive advantage of first to market for 270 Vision's BPMpro Mark 2 wearable sensor for remote patient monitoring - Class 1 Medical device streams post-surgery range-of-motion data, accelerating patient rehabilitation and cutting post-operative costs (2-0)

Telit Teams with Wind River to Accelerate Industrial IoT Adoption

2017-10-03 prnewswire
LONDON, Oct. 3, 2017 /PRNewswire/ -- Telit, a global enabler of the Internet of Things (IoT), today announced it is collaborating with Wind River®, an Intel® company, to accelerate Industrial IoT (IIoT) adoption. Through this relationship, Telit and Wind River are reducing the complexities of IoT device management, helping companies quickly and securely realize the full solution benefits of IIoT. (2-0)

Telit Selected by VAIO for Industry's First 450 Mbps Mobile Data Enabled Notebooks

2017-09-25 prnewswire
- Single SKU, worldwide solution simplfies logistics, inventory management, and global deployment for OEMs - Telit's new LN94x M.2 mobile data card family supports LTE Cat 6, 9, and 11 to immediately address broad mobile computing OEM market needs (2-0)

PRESS DIGEST- Financial Times - Aug 15

2017-08-15 reuters
Aug 15 (Reuters) - The following are the top stories in the Financial Times. Reuters has not verified these stories and does not vouch for their accuracy.

Communications chief executive steps down amid fraud allegations

Oozi Cats, who was the head of tech firm Telit Communications, resigned after being linked to US fugitive Uzi Katz.

Telit Communications boss resigns over alleged links to 25-year-old fraud

The chief executive of Telit Communications has resigned from the ‘internet of things’ company over his alleged links to a 25-year-old fraud in Boston.

Resignation of CEO and Board to be reinforced

2017-08-14 londonstockexchange
Telit Communications PLC (AIM: TCM, "Telit", the "Group"), a global enabler of the Internet of Things (IoT), announces that Oozi Cats, has resigned from the Board and his employment with immediate effect. The independent review has found that the evidence shows that an indictment was issued against Oozi Cats in the US and that this fact was knowingly withheld from advisers. Yosi Fait will continue as interim Chief Executive Officer.

PRESS DIGEST- Financial Times - Aug 14

2017-08-14 reuters
Aug 14 (Reuters) - The following are the top stories in the Financial Times. Reuters has not verified these stories and does not vouch for their accuracy.