Dozens of big websites go down after Fastly crash
MNumerous websites have been taken offline following a mysterious outage that affected much of the internet on Tuesday.
The gov.uk website, Pinterest, Reddit, and media including the New York Times, Guardian and Financial Times were down for about an hour, with users receiving an “Error 503 service unavailable” message.
Etsy, Hulu, HBO Max, PayPal, Amazon, Twitch, and Twitter also reported issues.
The issue was attributed to a failure of a content delivery network operated by Fastly, a cloud computing service provider.
Just after noon UK time, Fastly said: ‘We have identified a service setup that has triggered disruptions on our POPs. [points of presence] globally and have disabled this configuration. Our global network is coming back online. “
Most of the affected websites were back up and running about an hour after the problem was first reported. However, the scale of the blackout will raise questions about the dependence of the world’s most popular websites on a small handful of tech companies to distribute content and host users.
On the London Stock Exchange, Intermediate capital group stocks surged to their highest price on record, making them the second-biggest winner in the top flight thanks to strong year-on-year earnings.
The alternative asset manager saw a 19% increase in its annual assets under management (AUM) to $ 56.2 billion (£ 39.7 billion), through March 31, as vaccines against coronaviruses and government support measures have boosted investor sentiment.
The Group’s pre-tax profit reached £ 508 million, compared to £ 110 million the previous year. It increased its total dividend for the year from 10pc to 56p per share, marking the eleventh consecutive year that the payout has been increased.
Lord Davies, its chairman, said: “Our aim is to provide capital to help businesses develop and grow. As the company recovers and adjusts from the shocks of the past 18 months, the structural tailwinds of this industry remain in place ”.
Shares climbed 127p to £ 22.83.
Maintaining the benchmark in the green was also Thungela Resources, which rebounded as much as 30% after a weak start on Monday, prompted by a research note from short seller Boatman Capital that said the company was worthless. The mining company soared to the top of the pack, closing with gains of 33p to 144p.
It led the index into positive territory, despite wider unease about the global economic recovery. the FTSE 100 finished up 17.9 points to 7,095.1.
AJ Bell’s Danni Hewson said: “While some long-term investors unhappy with thermal coal mining have clearly given up on their shares after [Monday’s] Anglo American split, there was obviously no lack of interest. This will make an interesting watch and highlight the fact that not all investors focus on cleanliness and ecology. “
The domestic hearth FTSE 250, however, fell towards the end of the day as the latest coronavirus figures showed the seven-day average for cases up 60pc. He finished down 12.6 points to 22,895.5.
Elsewhere among companies, the owner of British Airways AGI was among the big cutters of the day after Goldman Sachs lowered its valuation of the airline owner. IAG shares fell 3.8 pence to 198 pence at the end of the game.
Average capitalization easyJet rose, however, managing to recoup losses suffered after the government removed Portugal from the green list for non-quarantine travel. While the airline added 3.8p to 967p, its shares remain nearly 4pc lower than in early May.
Separately, homebuilders fell to the bottom of the benchmark after traders took action after Monday’s gains on soaring home prices. Taylor wimpey and Barratt Developments were among the biggest losers, dropping from 3.3p to 170.1p and 10p to 758.4p respectively.