Here’s everything you need to know about the Samsung Galaxy Note 7 August 3, 2016 Announced earlier this week, Samsung’s Galaxy Note 7 is a big old betsy of a phablet, a 5.7-inch monsterphone that brings the super-powered performance of its existing S7 Edge device to its Note range. The Android powerhouse that giant-handed fans have been waiting all year for – and the biggest rival to Apple’s iPhone – [...]
Office Depot to close stores and cut costs after its Staples tie-up failure August 3, 2016 US stationery supplier Office Depot is planning to close a further 300 stores over the next three years to help cut costs by $250m (£187m). The announcement came as the company posted profit of $210m, or 38 cents a share for its second quarter, from a loss of $58m in the same period a year ago. [...]
EDF chief knew government wanted to delay Hinkley decision August 3, 2016 The head of EDF knew the British government would push back its final decision on the controversial Hinkley Point C nuclear power plant. EDF has previously said it understood why Whitehall needed a "little time" to consider the project. Read more: How seven City types reacted to the Hinkley Point decision Directors told the Financial [...]
Property of the week: The Fitzrovia apartment where Friends star Matthew Perry stayed while he performed in the West End is on sale August 3, 2016 Just one of the terraces in this enormous penthouse where Friends star Matthew Perry lived is bigger than the average family home being built in the UK. Measuring in at over 1,000sqft, the eighth floor roof terrace is the jewel in the crown of the apartment complex that Perry, who played sarcastic New Yorker Chandler [...]
This veteran entrepreneur is a step closer to mining gold in Ireland August 3, 2016 There could be a pot of gold at the end of the rainbow for serial entrepreneur John Teeling. Connemara Mining, the Aim-listed firm which Teeling chairs, said today that it's found multiple veins of gold running through rocks at a high grading of 5.84 grams per tonne. It comes after a similar find last month. John Teeling told City [...]
Aim-listed Science in Sport’s share price up almost a quarter on nutrition agreement with USA Cycling August 3, 2016 Aim-listed Science in Sport's share price popped 24 per cent today on the news it will become the official fitness nutrition suppler to USA Cycling. The cycling organisation, which is the governing body for all disciplines of competitive cycling in the US, has signed a supply agreement running until 31 December 2017. Science in Sport recently [...]
Prime central London house prices have fallen by 1.5 per cent year-on-year August 3, 2016 Prime central London house prices have fallen by 1.5 per cent year-on-year in July, according to estate agent Knight Frank. A report on home sales from the company showed Brexit has triggered sellers to make "overdue reductions" to the asking price of their properties. Knight Frank said: "It is too soon to say what impact Brexit will have on pricing [...]
ITV talked up as post-Brexit vote foreign takeover target August 3, 2016 Downton Abbey broadcaster ITV is being talked up as a foreign takeover target in the aftermath of the UK’s Brexit vote. The company, which currently has a market capitalisation of £7.8bn, has been linked by analysts with moves from the US and Europe. Alex DeGroote, a media analyst at Peel Hunt, told City A.M.: “It certainly [...]
Rent on the finest properties in the Home Counties has fallen due to over-supply August 3, 2016 Prime rents in the Home Counties have been hit by high stock levels, data released today has shown. According to estate agent Knight Frank, rents in high-end properties in the areas fell by 0.6 per cent between April and June and by 0.8 per cent year-on-year. Read more: Here's why parts of London's prime rental market [...]
Time Warner joins the streaming club as it takes 10 per cent stake in Hulu August 3, 2016 HBO and Warner Bros owner Time Warner has bought a 10 per cent stake in the TV streaming service Hulu and lifted its profit forecast after reporting higher-than-expected quarterly earnings today. Time Warner's Turner arm has also signed a separate affiliate agreement for its full suite of networks to be carried on Hulu's live-streaming service, which [...]