Everyone’s going crazy for the new Apple iPhone – apart from Londoners, who were wet and stuck on trains September 16, 2016 The newest iPhone has been released and, predictably, everyone is going crazy for it. Well, almost. Apple outlets throughout the world have been swamped by eager customers – with some saying they have queued since yesterday to get their hands on Apple's newest smartphone. But London's response has been rather limp, by comparison. This morning Reporters gathered [...]
Samsung Galaxy Note 7: US authorities launch formal recall of fire-catching and exploding smartphones September 16, 2016 US safety authorities have launched a formal recall of Samsung Galaxy Note 7 phones after reports that faulty batteries led to fires and explosions in the devices. The Consumer Product Safety Commission said it was recalling the phones "because this product presents such a serious fire hazard" and urged consumers to take advantage of the [...]
Travel chaos as heavy rain brings abrupt end to heatwave and causes a train to derail near Watford Junction. Oh, and there’s a Circle Line strike September 16, 2016 A London Midland train derailed near Watford Junction today as the UK's train lines were plunged into chaos after the recent heatwave came to an abrupt end with floods, thunderstorms and hail. Virgin Trains said the service had hit a landslide, causing it to strike another train and derail – but no injuries were reported. However, it did [...]
Next and Morrisons: What a difference a year makes September 16, 2016 What a difference a year makes. This time in 2015, shares in clothing retailer Next were up after it reported a jump in sales in its first half. Meanwhile, Morrisons warned of a “long recovery” as it made plans to sell its underperforming M Local stores amid falling sales and profits. Yesterday those fortunes reversed: [...]
Osborne to confirm Northern Powerhouse think tank September 15, 2016 George Osborne will today confirm his plans, revealed by City A.M. earlier this week, to launch a new Northern Powerhouse think tank. At an event in Manchester the former chancellor will pledge to preserve and build on the work he started in Number 11, and issue a thinly-veiled attack on Theresa May for sidelining the [...]
MPs and analysts issue fresh nuclear warnings over Hinkley Point project September 15, 2016 Fresh warnings have been triggered over the cost, security, and deliverability of Britain’s first new nuclear reactors for decades following yesterday’s green light for the £18bn build at Hinkley Point in Somerset. Hinkley Point C will be built by France’s EDF with £6bn of Chinese investment. It is effectively subsidised by the UK taxpayer under the [...]
Ozwald Boateng’s guide to success and being the best-dressed man in London September 15, 2016 The designer’s rise to the top of the fashion world is a true rags to riches tale, writes Helen Cahill If you measure a man by the cut of his suit, then Ozwald Boateng is the most successful man in London. Boateng started making suits at the age of 16. He was the first black tailor [...]
BlackRock piles into €2bn VW investor lawsuit September 15, 2016 The world's largest money manager, BlackRock, is adding considerable weight to a pile of investors who want cash from Volkswagen over emissions rigging. Law firm Quinn Emanuel will file the suit on behalf of a group of investors – including BlackRock – who are seeking a total of €1.3bn (£1.1bn). Earlier this year Quinn Emanuel [...]
Swedish teleco hit with $1.4bn fine for bribery September 15, 2016 Authorities in the US and the Netherlands have presented Swedish telecom carrier Telia Company AB with a $1.4bn (£1bn) bribery charge. It’s alleged Telia distributed hundreds of millions of dollars in bribes to secure business in Uzbekistan in 2007. The suggested fine would be one of the largest ever under the US Foreign Corrupt Practices Act [...]
Survey reveals “chronic gender disparity” in investment management roles September 15, 2016 Three-quarters of institutional investors do not believe all-male investment management teams are a drag on performance, worrying new research into gender diversity across the financial services sector has found. In a survey for the Chartered Financial Analysts (CFA) Institute, just 27 per cent of people working for institutional funds said mixed teams at investment management firms led to a better performance. [...]