Apple is said to be planning three new iPhones for next year August 23, 2016 Beyond the upcoming iPhone 7 due to be unveiled soon, Apple is said to be planning three new smartphones for next year, including a premium device with a bold new design feature. The tech company will make a radical overhaul of the iPhone design with a curved screen on one of the models due in 2017, [...]
Property transactions edged down in July, defying expectations of a Brexit vote-related crash August 23, 2016 The number of property transactions edged downwards in July, putting to bed concerns that the Brexit vote would result in a dramatic fall in sales. According to figures from HM Revenue and Customs (HMRC), the number of residential property transactions fell by 0.9 per cent between June and July. Read more: This is where all the [...]
Travel guide digital disrupter celebrates £1m in seed funding August 23, 2016 A digital platform that allows experts to build and share personalised travel guides is celebrating reaching £1m in seed funding. Pearlshare now boasts the support of a number of angel investors, including early-stage backers of firms such as LinkedIn, LoveFilm and Wonga. Read more: Digital disruption comes to TV production with new online "stock market" [...]
This major European bank remains committed to Canary Wharf move despite Brexit vote August 23, 2016 Some may have predicted an exodus of bankers after Brexit, but one major European player has confirmed to City A.M. it still plans on keeping a UK presence. A spokesperson for Societe Generale has confirmed the bank intends to move into its Canary Wharf base in 2019, as had been previously planned. Soc Gen also acquired [...]
Britons drink the summer away as heatwaves boost booze sales August 23, 2016 Alcohol sales soared off the back of hot weather from mid-July to mid-August, lifting the full-year performance of some drinks categories. Beer and cider volumes rose by 4.7 per cent year-on-year in the four weeks to 13 August, according to data released today by Nielsen. Consumers also shelled out more on their beer and cider drinks, with sales [...]
Where will Team GB store their medals? This challenger bank has a solution… August 23, 2016 It's a problem most of us could only dream of having – where does one store one's gold medals from the Olympics? Fortunately, a high street challenger bank has stepped up to the plate. Metro Bank has revealed to City A.M. it is offering complimentary safe deposit boxes to all of Britain’s 2016 Olympic medallists. "We [...]
Persimmon’s profit jumps as demand from customers remains “encouraging” after the Brexit vote August 23, 2016 Housebuilder Persimmon brushed off any worries the company has been hit by Brexit as it posted a strong set of half year results today. The company's share price was up 4.24 per cent in afternoon trading after it announced profit before tax jumped 29 per cent in the six months to the end of June, up to £352.3m. Revenue increased [...]
Falling ratios are far from critical according to Fitch August 23, 2016 A top ratings agency has given the UK's life insurance firms a vote of confidence, despite recent tough market conditions. The fall in bond yields over the first half of 2016 may be squeezing solvency ratios at Britain's leading life insurance companies but the decline is not enough to worry ratings agency Fitch, which said they "remain strong". Under Solvency II, insurers [...]
Brexit campaigners slam Swedish PM on Brexit August 23, 2016 Pro-Brexit campaigners have lambasted comments made by the Swedish Prime Minister that British "aggressiveness" on some issues could cause snags in EU-UK negotiations. Stefan Löfven said earlier this week that the UK should avoid drastic steps, including cutting corporation tax, as it prepares for talks. Read more: UK jobs rebuffed Brexit woes in July "If the [...]
Health alert issued ahead of heatwave in London August 23, 2016 Public Health England (PHE) has issued a health warning as London braces for a heatwave over the next few days. The east of England was hit by a heatwave today, and soaring temperatures are now forecast for the south east and the capital. The Met Office today declared a Level 3 heatwave alert, which means [...]