Under-fire Deutsche Boerse boss set for grilling on insider trading probe and London location of stock exchange headquarters February 15, 2017 Deutsche Boerse chief executive Carsten Kengeter is set to endure some tough questioning tomorrow as he appears before investors, analysts and the media. The German company, which is seeking to tie-up its merger with the London Stock Exchange in the coming months, reported its preliminary full-year results for 2016 this evening. Net revenue at the [...]
President of French private equity giant Ardian backs London to retain financial services dominance after Brexit February 15, 2017 The president and founder of private equity giant Ardian has backed London to retain its financial services dominance after Brexit. Dominique Senequier, whose firm has around $60bn in assets, also said on Wednesday night she does not expect the exiting process to be “brutal” for the City of London. “When you have such a financial city, you have [...]
Kraft Heinz has wrong ingredient as sales drop 3.7 per cent February 15, 2017 Kraft's share price fell in after-hours trading after its net profit missed forecasts. The figures Fourth quarter sales at the maker of Heinz ketchup and Kraft macaroni cheese fell 3.7 per cent, down from $7.12bn to $6.86bn. Read more: Bean there, done that: This is the Shard's newest tenant Net profit, however, increased year-on-year from $285m [...]
TripAdvisor’s shares fall after it misses revenue estimates February 15, 2017 Shares in TripAdvisor have fallen in after-hours trading after a disappointing set of results from the company. The figures Revenue for the full year ending 31 December 2016 fell one per cent annually to $1.48bn. Net income was $120m, down 39 per cent year-on-year. Read more: The taxman has unveiled the UK’s most outrageous expenses [...]
Amazon Prime revenues reach £5.2bn February 15, 2017 Amazon has published the figures for its Amazon Prime service for the first time, revealing that revenues for the subscription service have hit $6.4bn (£5.2bn). This means the service, which allows customers to access premium video content and faster product deliveries, lags behind Amazon's retail and web divisions. In 2016, Amazon Retail brought in $91.4bn [...]
Westminster becomes first council to request higher retention of business rates for £409m investment programme February 15, 2017 Westminster council has become the first in the UK to urge the government to allow it to keep a higher proportion of its commercial property taxes. A conglomerate representing the West End has put in the application on behalf of the Westminster council and others, City A.M. can reveal. The West End Partnership (WEP), which represents [...]
The HTC U Ultra is a 5.7-inch phablet with a dedicated notification screen and a whole lot of power February 15, 2017 HTC says that the design of its new phone is inspired by water. And to be fair, it does look wet and shiny, like a boy in a Hockney painting emerging from a swimming pool, skin glistening in the California sunlight. The U Ultra’s all-glass, all-the-time aesthetic gives it a slick and glossy style that [...]
Sniper Elite 4: As unflinchingly ultra-violent as this World War Two shooter series gets February 15, 2017 World War 2 is a well-represented setting in video games, but Sniper Elite 4 is proof that the generic isn’t always boring. This four-quel transports the series from the deserts of Africa to the towns, vineyards, forests and docklands of sunny northern Italy, where you’ll embark on all sorts of different missions, typically involving shooting [...]
Colliers International names London top city of influence February 15, 2017 London remains one of the most influential cities in the world despite predictions that its status would be eroded by the Brexit vote. According to a report from Colliers International, London and Paris are the most attractive cities in Europe for businesses in terms of talent, cost and location. But as London's labour laws are more relaxed [...]
Debenhams outed for not paying nearly 12,000 workers the national minimum wage February 15, 2017 Department store Debenhams has been outed for not paying its workers the national minimum and living wage. According to the department for business, energy and industrial strategy (BEIS), Debenhams underpaid 11,858 workers by £134,895 in total. Read more: Why the UK is falling out of love with fashion Debenhams said a payroll error has caused the problem and [...]