April Fools Day 2016: From breast milk protein to McDonald’s landing on the moon, here are the best, worst, laziest and weirdest fake tech stories April 1, 2016 When in comes to April 1st, Britain's press officers like to break the boundaries of physics. City A.M. has been drowning in scientific discoveries, technology advancements and new product launches ahead of April Fools, but did any of them catch you out? Food for thought Upmarket takeaway group Deliveroo has pledged to make eating a burrito even easier, as [...]
City Moves for 1 April 2016 | Who’s switching jobs April 1, 2016 Squire Patton Boggs Squire Patton Boggs has announced that Andrew Herring has been appointed partner in the London office. Andrew, a well-known rail and transportation sector lawyer, will join the firm’s real estate practice, working with the global infrastructure and construction groups. He joins from DWF. He specialises in advising public and private sector clients [...]
The national living wage is a ticking time bomb of hidden costs for British businesses April 1, 2016 The national living wage is expected to hit British businesses with hundreds of millions in hidden costs this year, in addition to the £804m already estimated – hindering investment and creating a time bomb that will blast through bottom lines by 2020. Figures from the government’s regulatory watchdog show employers may find themselves dealing with the [...]
Sajid Javid may be in the dog house with steelworkers, but at least the global travel industry loves him April 1, 2016 Sajid Javid has has had the worst summer holiday ever, but at least the travel industry loves him. As he flew to Australia for a roster of business meetings earlier this week, the secretary for business, innovation and skills was forced to abandon his whirlwind tour of the country and fly back to the UK after [...]
Weather shocks could threaten UK wine industry, despite climate change making Britain more viable for the industry April 1, 2016 The idea of climate change turning the UK into a viable wine-making region may have boosted the industry in recent years, but weather shocks could threaten its overall productivity. Cold snaps, sharp frosts and downpours could all disrupt the UK's home-grown wine industry, according to research from the University of East Anglia, which found that [...]
Anbang walks away from Starwood Hotels deal due to “market considerations” pushing hospitality group’s share price down in after hours trading March 31, 2016 China's Anbang Insurance is walking away from its proposed $14bn (£9.7bn) takeover of Starwood Hotels & Resorts, citing "market considerations". "We were attracted to the opportunity presented by Starwood because of its high-quality, leading global hotel brands, which met many of our acquisition criteria, including the ability to generate consistent, long-term returns over time," Anbang said in [...]
Manolo Blahnik stepping into world of e-commerce with the help of boutique platform Farfetch March 31, 2016 Iconic shoemaker Manolo Blahnik has launched its first e-commerce site utilising Farfetch's new white label service. Farfetch, an e-commerce site for selected boutiques around the world, will use its Black and White service to power the brand's online sales. Its new division will offer monobrand e-commerce sites to luxury brands and Manolo Blahnik's was the first to [...]
Panmure Gordon boss boasts of first quarter profitability despite record loss for 2015 and Brexit headwinds March 31, 2016 Panmure Gordon’s chief executive has played down the company’s record £16.7m loss for 2015, while boasting of a return to profitability in the mid cap specialists first quarter. The broker warned though that market volatility and fears over the approaching European Union membership referendum could weigh on its performance. “Headwinds aside, we’re in good shape,” [...]
Oil pares back gains as it records strongest March rally since 2007 March 31, 2016 The oil price was traded flat yesterday, though still managed to record its strongest March rally in almost a decade. International benchmark Brent crude climbed back above $40 per barrel and was going for $40.11 in evening trading. US benchmark West Texas Intermediate gained around half a dollar throughout the day, settling around $38.25. The euro [...]
Beyonce and Topshop are about to launch their new sportswear brand Ivy Park March 31, 2016 Global superstar Beyonce has partnered with one of the best-known British brands to launch a new sportswear range. The pop star has teamed up with Topshop to create Ivy Park, a collection of fitness clothing, which will launch in two weeks. The products will be available in the UK at Topshop, Selfridges, JD Sports and [...]