Feeds

British bank blows £15m on failed e-venture

Someone at A&L deserves a really good kicking

  • alert
  • submit to reddit

5 things you didn’t know about cloud backup

The Alliance & Leicester has become the latest casualty of the dotcom banking craze. Having spent £15 million on an online financial service for the "mass affluent", it's decided to ditch the scheme. The FT quotes A&L group MD, Peter McNamara, as saying that "we've learnt the lessons of others". Bloody expensive lesson, no?



Energis is to buy 75 per cent of Ision, a German Web hosting and application solutions company for £496 million in cash and shares. Ision boasts some 800 complex hosted sites and a rack of blue chip clients. Mike Grabiner, CE of Energis, said: "This acquisition significantly strengthens our existing operations in Germany and takes a major further step in our strategy to become the leading data and internet solutions provider in Europe.




The Body Shop has ended its partnership with Softbank Technology Ventures and moved in-house the development of its e-shop. The Body Shop said it would give Softbank up to $6 million, either in cash or shares, for the work carried out to date. The lotions and potions outfit said it now hoped to open a US e-store in the second half of 2001. ®



For more punishment, check out Cash Register.

5 things you didn’t know about cloud backup

More from The Register

next story
BBC: We're going to slip CODING into kids' TV
Pureed-carrot-in-ice cream C++ surprise
6 Obvious Reasons Why Facebook Will Ban This Article (Thank God)
Clampdown on clickbait ... and El Reg is OK with this
Twitter: La la la, we have not heard of any NUDE JLaw, Upton SELFIES
If there are any on our site it is not our fault as we are not a PUBLISHER
Facebook, Google and Instagram 'worse than drugs' says Miley Cyrus
Italian boffins agree with popette's theory that haters are the real wrecking balls
Sit tight, fanbois. Apple's '$400' wearable release slips into early 2015
Sources: time to put in plenty of clock-watching for' iWatch
Facebook to let stalkers unearth buried posts with mobe search
Prepare to HAUNT your pal's back catalogue
Ex-IBM CEO John Akers dies at 79
An era disrupted by the advent of the PC
prev story

Whitepapers

Implementing global e-invoicing with guaranteed legal certainty
Explaining the role local tax compliance plays in successful supply chain management and e-business and how leading global brands are addressing this.
Endpoint data privacy in the cloud is easier than you think
Innovations in encryption and storage resolve issues of data privacy and key requirements for companies to look for in a solution.
Why cloud backup?
Combining the latest advancements in disk-based backup with secure, integrated, cloud technologies offer organizations fast and assured recovery of their critical enterprise data.
Consolidation: The Foundation for IT Business Transformation
In this whitepaper learn how effective consolidation of IT and business resources can enable multiple, meaningful business benefits.
High Performance for All
While HPC is not new, it has traditionally been seen as a specialist area – is it now geared up to meet more mainstream requirements?