Morgan Stanley set to shell out more bonuses upfront December 6, 2014 The good time are back for finance giant Morgan Stanley which has announced it will doling out more its bonuses to employees upfront thanks to the company's healthy condition. The move aligns Morgan Stanley with many of its competitors and will raise its fourth quarter compensation by around $1.2bn. The investment bank said that 50 [...]
Small Business Saturday 2014: High street stores are not keeping up with the online era, research claims December 6, 2014 As Brits are being urged to get out onto the high street to mark Small Business Saturday new research shows consumers aren't too impressed with the pace of change in the country's small shops. Only six per cent of the public think local shops are sufficiently equipped for an era of online retail and more [...]
Denmark Hill train fire “unrelated” to Charing Cross incident, says Southeastern December 5, 2014 Southeastern has said it believes the fire on one of its trains this week is “completely unrelated” to the trackside fire at Charing Cross station 10 days ago. The investigation is ongoing, and expected to conclude soon, but a spokesman told City A.M. that two incidents were not thought to be connected. The [...]
Quiz: Chinese names for British landmarks and celebrities – can you guess them? December 5, 2014 The Chinese are visiting Britain more than ever before. That's great news for the UK economy- but there's a problem. There are 101 landmarks that don't have Chinese names including the Shard and Savile Row. Visit Britain is launching a £1.6m campaign to get the people of China to change that and come up with [...]
Exclusive: “We are the anti-Uber”, says Kabbee CEO Justin Peters December 5, 2014 Yesterday, taxi app company Uber was valued at $40bn (£25.7bn) after it completed a $1.2bn funding round. This year, London has experienced an explosion in the growth of taxi apps, with different services dealing with black cabs, minicabs and other vehicles springing up all over the capital. Speaking to City A.M., Justin Peters, chief executive of [...]
Sony hack: Staff comments reveal how much they hate Adam Sandler – who joins Drew Barrymore, Eddie Murphy, Denzel Washington and Tom Cruise in Forbes’ Most Overpaid Hollywood Actors list 2014 December 5, 2014 Sony Pictures Entertainment employees are really annoyed that Adam Sandler gets paid so much. The media giant was hacked last week and those responsible – rumoured to be working for North Korea, though this has been denied – have dumped a load of information ranging from the pay of some of its stars to [...]
Berkeley reports another stonking set of profits December 5, 2014 The figures Housebuilding giant Berkeley Group reported this morning that profits before tax leaped 79.9 per cent to £305m in the six months to the end of October. Revenue also rose, to a touch over £1bn, a jump of 24.5 per cent, while earnings before share increased 78.6 per cent to 178.6p. Why it's interesting [...]
JP Morgan chief executive Jamie Dimon is “clear of cancer” December 5, 2014 JP Morgan boss Jame Dimon has told employees he is clear of throat cancer. In an internal memo sent to staff, the 58-year-old boss of the US' largest bank said there was "no evidence of cancer left in my body" after CAT and PET scans three months after treatment. The good news is that the [...]
US non-farm payroll: The dollar has gone through the roof December 5, 2014 The dollar leaped 0.34 per cent against the pound to its second-highest since October last year as US non-farm payroll figures smashed all expectations. The dollar hit 0.6402 against the pound as official statistics from the US showed non-farm payroll – which measures the number of new jobs created – rose by 321,000 in November, [...]
Ukip might be winning the Twitter war, but Tories are still favourites to retain Trumpton December 5, 2014 Trumpton has emerged as the next key political battleground – and it looks set to be another dirty tricks campaign. This week social media has been dominated by representatives from Ukip, Conservatives, Labour, Lib Dems, Greens, Communists and Trumpton First, all vying to be elected into the hotly contested fictional seat. Despite the [...]