1. $84bn wiped from Microsoft's value; Crowdstrike down 17% in aftermath of global tech meltdown
Crowdstrike, a cybersecurity company founded 13 years ago and listed on the US stock exchange, typically deals with the aftermath of cyberattacks. However, this incident reportedly involves a problematic software update affecting nearly 24,000 of its customers worldwide.
2. FTSE 100 Live
UK stocks plummet after tech chaos
3. Poor weather blamed as UK retail sales plummet in June
Retail sales for June came in far below expectations in today’s monthly update by the Office of National Statistics.
4. Ladbrokes, JD Wetherspoon hit by global IT outages
“We can confirm the Wetherspoons app is currently not working. We are working hard to resolve the situation. However, customers can pay for their food and drinks in cash,” the major pub chain stated.
5. Harland and Wolff chief takes leave after government refuses loan guarantee
The loan was considered vital to ensure the business could continue and although talks are ongoing with the lender a merchant bank has been appointed to consider the strategic options.