Interest rates, a Fintech revolution and more investment in the UK: what former Lord Mayor Roger Gifford predicts for the City of London January 6, 2016 Sir Roger Gifford, member of Multrees Investor Services Board and former Lord Mayor of London, tells City A.M. what he expects for the City of London in 2016. The Fintech revolution The importance of Fintech to London can perhaps be seen most clearly through the 44,000 plus people who are employed in the sector – [...]
Appy Christmas: $1.1bn sales record breaker for Apple’s App Store January 6, 2016 Apple is celebrating a record-breaking Christmas after people spent $1.1bn (£753m) through the App Store over the festive season. $140m was spent on New Year's Day alone, Apple's biggest single day of sales after Christmas day. That includes apps themselves, in-app purchases (think buying lives on Candy Crush), across iPhones, iPads, Macs, Apple Watch and Apple [...]
Companies, watch out: One in five disgruntled consumers turn to social media like Facebook and Twitter to complain January 6, 2016 Companies, watch out: in the 21st century, if you displease your customers there is every chance the world is hearing about it. Forget keeping arguments behind closed doors. Our fights with brands are increasingly going public, as new research has found that nearly one in five disgruntled consumers now turn to social media as their [...]
Twitter limit: This is what 10,000 characters looks like in the opening chapters of War and Peace, Thomas Piketty’s Capital in the 21st Century, the Bible and other familiar books January 6, 2016
UK attracts record £2.46bn of venture capital investment into tech and London secures more than 60 per cent of the funding January 6, 2016 Venture capitalists invested a record $3.6bn (£2.46bn) in the UK's tech scene in 2015, up 70 per cent from the year before, according to data from London and Partners, the Mayor’s promotional company. London-based crowdfunding company, Funding Circle secured the largest single deal of the year with a $150m funding round led by DST Global in April [...]
Driverless car bump in the road? Our three biggest fears about autonomous vehicles, revealed January 6, 2016 It's the year of the driverless car, as everyone from big tech companies to traditional car brands, ambitious startups to academics, make inroads in the burgeoning technology which could soon change the way we travel. There may be one bump in the road to mass adoption, however, and that's consumers. Half of us would refuse to [...]
Blockchain will lead the field in another record breaking year for UK tech investment January 6, 2016 2015 was another record year for investment into the UK’s tech sector. According to our latest data released today, London tech companies are leading the way, attracting over 60 per cent of the total $3.6bn invested last year. Investors are flocking to London, attracted by the city’s diverse tech scene. From fashion tech to fintech, the [...]
Record venture capital investment into London tech companies reaches £1.56bn January 5, 2016 Venture capitalists poured a record $2.28bn (£1.56bn) into London’s tech scene last year, according to data from London and Partners, the Mayor’s promotional company. London secured 63 per cent of investment in the UK, which is a testament to London's “world-class talent pool and culture of innovation and entrepreneurial spirit,” according to Mayor Boris Johnson. [...]
Cybersecurity predictions 2016: Expect geopolitical cyber attacks in the wake of the US Presidential election and the Rio Olympics January 5, 2016 New York City in the 1980s was a portrait for crime and violence. Graffiti covered train stations and shop fronts, the city was gritty and a tough place to live. It spurred many politicians to be “tough on crime” in order to get elected and while it still features in many politicians’ policies, it no [...]
Simply Business’ Jason Stockwood tells City A.M.: The future of insurance is in technology January 5, 2016 Insurance, Simply Business’ chief executive Jason Stockwood says, has lost its place in society. “When you really start to think about it, it’s such a valuable underpinning of a functioning society and yet customers don’t just see it that way,” he remarks. However, Stockwood is determined that insurance will be restored to its former glory, [...]