Alibaba smashes record sales on Singles Day November 11, 2016 E-commerce giant Alibaba has topped its sales record for its annual Singles Day savings event in China. The biggest retail event in the world totted up $1bn worth of sales in the first five minutes, the retailer claimed, and by 20 hours in had reached $15bn (£12bn) as people snapped up bargains in its annual sale. Total [...]
Hotly-tipped London startup Yubl has collapsed into administration November 11, 2016 One of London's most hotly-tipped startups, Yubl, has collapsed into administration with the loss of more than 50 jobs, City A.M. understands. In August City A.M. reported the social messaging app was aiming to raise up to £20m in venture capital as it eyed a move into Europe. The company, which has been tipped as the "UK's answer [...]
Interiors: We ask the experts how to snazz up your dinner table before the Christmas hordes arrive November 11, 2016 Staying in is the new going out; we want to bring friends home to warmth and hospitality. Being able to light intimate candles for dinner is one of the overlooked joys of shorter days. However, with the trend for simplicity, and sharing, we need to be careful not to make boring choices when it comes [...]
Focus On Rotherhithe: A £34m investment has brought a new town square, library and cultural centre to the Docks November 11, 2016 Rotherhithe, a conservation area in the Docklands in south east London, is one of the prettiest and most rapidly gentrifying places in the capital. With a long and proud history as a major trade port, it was a working dock right up until the 1970s. It was also home to the first under-river tunnel in [...]
Brent crude and West Texas Intermediate prices shed more than one per cent as Opec production data reignites glut fears November 11, 2016 Oil prices have been tracking lower today as the ongoing supply glut and fears that an Opec conference later this month will not result in a production cap weighed on the market. After lifting yesterday, the price of US sweet crude was trailing down 1.34 per cent, or 60 cents, in early afternoon trading to [...]
Remembrance Day 2016 in pictures: Two minutes’ silence held across London’s landmarks November 11, 2016 City-dwellers paused for two minutes' silence in memory of fallen soldiers this morning, while Londoners stopped in their tracks at their workplaces, landmarks and on the streets. Lloyds of London ground to a halt and 11am was marked by the traditional ringing of the Lutine bell in the insurer's atrium. Brokers gathered on balconies to observe the silence. (Source: [...]
Croydon tram accident: London mayor Sadiq Khan’s message to Londoners affected by the tragedy at Sandilands November 11, 2016 London mayor Sadiq Khan last night praised the emergency services for their work in helping the victims of the tragic tram accident in Croydon earlier this week, in which seven people lost their lives. Police yesterday confirmed that six men and one woman were killed when a tram derailed and overturned near the Sandilands stop in south London [...]
Trump u-turns on support for protesters and says demonstrations show great passion November 11, 2016 It seems like a presidency under Donald Trump is going to be a rollercoaster and a half. Around 10 hours after the president-elect tweeted his disdain for protests against his election, Trump appears to have had a rethink. He said late last night that "professional protestors, incited by the media, are protesting. Very unfair!" Sounds [...]
Range Resources shares jump by a fifth after successful drilling at Trinidad well November 11, 2016 Shares in London-listed oil and gas explorer Range Resources soared more than 20 per cent today after the group said it has started drilling its next development well in an ongoing programme in Trinidad. The well, which is located in the Morne Diablo field, is a re-drill of a former well and is expected to [...]
There’s been a huge spike in Americans searching for London property since the US election November 11, 2016 Remember when searches for Irish passports broke the Irish embassy website after Brexit? Well, it seems anti-Trump Americans have set their sights rather further – after property portal Zoopla reported a 45 per cent spike in traffic to its website from the US in the hours after the Presidential election result was announced. According to [...]