John Lewis just sent John Lewis a huge #BustertheBoxer-themed thank you gift November 15, 2016 One of City A.M.'s favourite festive traditions is kicking back with a mince pie and scrolling through the tweets of Virgina computer science educator, father of four, social liberal, atheist and – crucially – "not a retail store", John Lewis. For it is at this time of year Lewis, whose Twitter handle is @JohnLewis, is [...]
Sterling falls back below $1.24 after a surprise fall in inflation – pushed down by tuition fees and clothes November 15, 2016 So much for the Trump rally. The pound fell back below $1.24 this afternoon after figures from the Office for National Statistics (ONS) showed prices rose 0.9 per cent in October – missing expectations. Economists had expected the weaker pound to push consumer price inflation (CPI) to a two-year high of 1.2 per cent, from September's one [...]
Copper prices slide as rally following Donald Trump’s election begins to reverse November 15, 2016 Copper prices slid today after a rally prompted by the surprise election of Donald Trump as US president came to a halt. Three-month copper prices on the London Metal Exchanged dropped as far as 3.6 per cent during trading today and were down almost two per cent to $5,465 per tonne around mid-afternoon. "Price action in copper [...]
Not all gravy: Profits melted away in hot weather at Oxo and Bisto owner Premier Foods November 15, 2016 Shares in the owner of Bisto gravy steamed in four per cent higher today as a result of good news on its pension schemes, this was despite the summer's weather hitting profits. Premier Foods revealed half-year earnings had fallen by over four per cent in the six months to the end of September. Meanwhile, underlying revenues fell [...]
Mute button: Twitter is finally taking a major step in tackling abuse November 15, 2016 Twitter has just taken a major step forward in trying to tackle the problem online abuse and trolling on the social network. It is rolling out a mute button which can be used to silence conversations, keywords and phrases, something long demanded by users who have only been able to block accounts before. And it looks like [...]
You can now choose genders other than man or woman on Tinder as it seeks to become more inclusive November 15, 2016 Tinder has announced its newest update which allows users to opt for a gender identity other than man or woman. From its launch back in 2012 up until today, the app only offered users two options when selecting their gender: man or woman. For those who identified as transgender or between or outside the gender [...]
FTSE 250 asset manager ICG’s shares jump seven per cent as profits grow November 15, 2016 FTSE 250-listed Intermediate Capital Group’s (ICG) share price soared more than seven per cent this afternoon after the firm reported rising assets under management (AUM). Total AUM were up two per cent to €22bn (£19bn), with €1.4bn of new money raised, while pre-tax profit came in at £126.2m for the six months to 30 September [...]
Commuters facing delays between Clapham Junction and London Waterloo November 15, 2016 A signalling problem between Clapham Junction and London Waterloo is causing disruption to services between these stations. National Rail said services may be cancelled, delayed by up to 40 minutes or amended to not call at all stations. This is now expected to continue until 2:30pm, having originally been expected to end by 12.30pm. The rail operator said [...]
TalkTalk hack: 17-year-old boy admits seven offences November 15, 2016 A 17-year-old boy has admitted seven hacking offences in connection with the TalkTalk data breach in Norwich Youth Court today. The teenager, who cannot be named, pleaded guilty to seven charges under the Computer Misuse Act. The data breach occurred last year and the telecoms firm was hit with a record £400,000 fine by the UK data regulator [...]