London 2012 IMAGE OF THE WEEK December 22, 2011 LOCOG, the organising committee for next year’s Olympic and Paralympic Games, released new aerial images on Wednesday showing the scale of the transformation in Stratford. Between now and the 2012 Games, City A.M. is publishing its Olympic Image of the Week. We welcome photos from all sources – sponsors, athletes, commuters, residents – if you [...]
UK fuel output plummets in 2011 December 22, 2011 Domestic fuel production fell 19.2 per cent in the third quarter compared with the same period of 2010 – a record annual quarter on quarter fall, according to data from the Department for Energy and Climate Change. The government denied that this was due to its windfall tax on North Sea oil and gas profits. [...]
ATMs put out more in December December 22, 2011 Today is expected to be the busiest day for cash machines withdrawals as last minute pre-Christmas shoppers hit the high street. Sainsbury’s Finance estimates that over £11bn will be withdrawn from ATMs in the UK this month – a substantial increase on the £10.3bn withdrawn last December, thought to be impaired by the cold winter [...]
Ban on card charges considered December 22, 2011 A crackdown on confusing credit card charges is on the way, the government will announce today. The Treasury is looking at banning excessive surcharges on credit and debit cards across most retail sectors, and will publish a consultation in the New Year. The new rules would be introduced by the end of 2012, two years [...]
Apple falls as Android leads smartphone sales December 22, 2011 APPLE’s crop is suffering in Europe due to increased competition and the troubled economy as Android nabs the top spot in the smartphone market, the researcher Kantar Worldpanel ComTech has revealed. While the iPhone 4S has been flying off British and American shelves, customers in continental Europe have been less enthralled by the company’s latest [...]
CITY VIEWS: Are you optimistic about the COMING YEAR FOR THE CITY? December 22, 2011 JAMES ALLCOTT ACCENTURE “Yes. I think with all of the banking changes there will be lots of work for management consultants, which is good for us, but whether this change is good for the City as a whole I’m not sure!” MAURICE TRATTON ARGENTA HOLDINGS “I’m not optimistic or pessimistic, because there is a different [...]
SAINSBURY’S FAIL TO DELIVER THIS CHRISTMAS December 22, 2011 UP TO one hundred Sainbury’s shoppers were disappointed when a website malfunction caused delivery slot bookings to be cancelled, resulting in lost Christmas orders. The UK’s third largest grocer said it has offered a gesture of goodwill – although it would not specify what – to the customers for whom a suitable alternative could not [...]
Anglo hits back at Codelco December 22, 2011 The row over Anglo American’s Chilean business heated up yesterday, with the mining group taking legal action against Codelco, its partner in the country. Anglo has filed a writ alleging breach of contract against Codelco. At issue is Anglo’s deal to sell a 24.5 per cent stake in its Chilean business to Mitsubishi for $5.39bn [...]
Toyota predicts 20pc growth December 22, 2011 Toyota has forecast a 20 per cent jump in 2012 sales to a record 8.48m vehicles, as it recovers from output losses triggered by natural disasters in Japan and Thailand this year. The Japanese company, the world’s top carmaker since 2008, is set to lose its crown to US rival General Motors after supply-chain disruptions.
Hansteen buys Spencer assets December 22, 2011 Britain’s Hansteen Holdings has bought property assets from the Spencer Group for £150m, as the industrial property investor looks to expand its portfolio of assets in the UK. The properties are almost one third vacant and will generate £4m in rent a year.