Alphabet’s second quarter income takes a $4.7bn hit, but beats estimates on revenue | City A.M. July 23, 2018 Alphabet’s second quarter income took a $4.7bn (£3.6bn) hit thanks to last week’s antitrust fine, but substantially beat consumer estimates with a 26 per cent increase on revenue year-on-year. Google’s parent company reported revenue of $32.7bn in the second quarter of 2018, outperforming estimates of $32.1bn as collated by S&P Global Market Intelligence. Net income [...]
Starling Bank ditches its trademark purple for a new set of fintech clothes | City A.M. July 23, 2018 Digital challenger bank Starling has revamped its debit cards, drifting away from its trademark purple colour and turning card design on its head. The new cards will be in portrait rather than landscape, designed to reflect the way consumers use their cards in real life at an ATM or in a card machine. “The reason [...]
McLaren 570GT Sport Pack car review: How does the supercar from Woking compare against its competitors? | City A.M. July 23, 2018 Did you doubt McLaren could make a success in the supercar big league? We admit we thought the company from Woking probably wouldn’t make the cut. Since its roadgoing F1 gained almost mythical status since its launch some 25 years ago, but it’s easy to overlook the fact that McLaren only planned to build 100 [...]
Facebook leases huge Kings Cross offices to join Silicon giants Google and Youtube in new Silicon area | City A.M. July 23, 2018 Facebook has leased a huge plot of new offices in Kings Cross, joining Silicon neighbours like Google and Youtube nearby in one of the area’s largest ever commercial deals. Comprising 611,000 square feet (sq ft) and 6,000 workstations, the two buildings mark a significant step in the commercial development of Kings Cross, with the new [...]
Motor insurers vote to share risk for terrorism following 2017 London car and van attacks in Westminster, London Bridge and Finsbury Park | City A.M. July 23, 2018 Motor insurers have today confirmed plans to pool risk for terrorist attacks involving vehicles after London was hit with three fatal incidents in 2017. Members of the Motor Insurance Bureau (MIB), which is an industry body that acts to compensate the victims of uninsured drivers, have voted to place responsibility for compensating victims of vehicle-related [...]
Consumers splash out on holidays and drinks as confidence warms up | City A.M. July 23, 2018 Consumers spent more on eating out and long holidays in the second quarter of this year, as confidence warmed up along with the weather. The shift from cold weather to a long hot summer boosted the amount of money spent on leisure activities by three per cent compared to last year, according to Deloitte’s latest [...]
How much does it cost to live near Richmond Park? | City A.M. July 23, 2018 It’s little wonder that Richmond continually tops ‘best places to live’ lists. With a Royal Park that’s so big it accounts for nearly half of the total area of all London’s Royal Parks, beautiful Georgian family housing, some of the best river frontage in the capital and a thriving community-led high street, it’s difficult not [...]
Government aims for full fibre broadband coverage across UK by 2033 | City A.M. July 23, 2018 The government has outlined its ambition to bring full fibre to the entire of the UK by 2033 as it released its Future Telecoms Infrastructure Review (FTIR). The Department for Culture, Media and Sport also said it would be pushing to make super fast full fibre broadband installed as standard in new properties. Part of [...]
Stonegate confirms Be At One buyout and adds more City bars to portfolio | City A.M. July 23, 2018 Stonegate Pub Company has today confirmed its acquisition of bar chain Be At One, as well as a swoop on 15 additional sites in the City and West End. It emerged yesterday that the Slug and Lettuce owner was to acquire the cocktail chain for an estimated £50m as it beefs up its estate. The [...]
Prime Minister to promise nearly £1bn for Northern Powerhouse | City A.M. July 23, 2018 Prime Minister Theresa May will today hold the first ever Cabinet meeting in the north east of England, in a bid to convince voters of her commitment to the so-called Northern Powerhouse. She is expected to confirm an investment of up to £780m into transport for the region, providing major upgrades to the East Coast [...]