GoPro share price jumps by over 12 per cent after it announces Apple Watch launch December 10, 2015 Shares in camera manufacturer GoPro have jumped by over 12.6 per cent after the company announced a new release for Apple Watch users. The point of view camera firm has launched Apple Watch features in its GoPro App. According to the company, “this new app allows users to preview their shot, toggle between capture modes, [...]
Banks are still betting on blockchain over bitcoin December 10, 2015 Bitcoin is back in the limelight, with speculation again swirling around the mysterious identity of the creator of the world’s biggest cryptocurrency. Intense media coverage caused a spike in the bitcoin price, following the publication of parallel investigations by tech news sites Wired and Gizmodo into the identity of the founder. In Wired’s own words: [...]
With the Bank of England set to keep interest rates at record low City A.M.’s shadow MPC votes six-three to hold December 10, 2015 A renewed drop in oil prices to below $40 a barrel has led many of the members of City A.M.’s shadow monetary policy committee to vote to keep interest rates at their record lows this month. Inflation remained in negative territory in October, well below the Bank of England’s two per cent target. While a [...]
London Assembly committee calls on Treasury to hand stamp duty over to Mayor December 10, 2015 The London Assembly's Regeneration Committee has a strong message for the next Mayor: lobby for stamp duty devolution to secure sustainable funding for the city's transportation. With London's population expected to grow to 10 million by 2030, the Committee says that increased transport is key to accommodate the growth. More funding would go toward developing [...]
Bubble fears as average London property hits £600,000 with outer boroughs seeing highest rises December 10, 2015 The average price of a London property is now just shy of £600,000, reigniting fears of a bubble and prompting talk of a market correction. The average London house price was £598,173 in October, 5.6 per cent higher than the same month last year, according to figures released today by estate agents Your Move and Reeds [...]
Savoy parent company FRHI Holdings bought by French hospitality group AccorHotels December 9, 2015 Paris-based hotel group AccorHotels is buying FRHI Holdings, owner of the Savoy in London and the Plaza in New York. Accor is paying for the company, which owns the Fairmont, Raffles and Swissotel chains, by issuing 46.7m new Accor shares and making a cash payment of $840m (£553m). The group is selling a 10.5 per [...]
Cyber attack on Wetherspoons could cost pub chain more than just beer money December 9, 2015 In the latest instalment of cyber attacks on British businesses, the personal details of up to 657,000 customers of pub chain JD Wetherspoons have been hacked. Email addresses, phone numbers, and dates of birth were all stolen and put up for sale on what is known as the dark web. The attack was in June, but [...]
Be thankful the UK’s political system would deny Donald Trump access December 9, 2015 Back in 2012 a right-wing social conservative named Rick Santorum was seeking the Republican nomination for US President. He didn’t get it. His legacy, however, is that his name has (in some circles, at least) come to mean something quite specific. As a backlash to his views on homosexuality, an internet campaign was launched to [...]
Zac Goldsmith unleashed: 2016 London mayoral candidate hits out at David Cameron over EU reforms and Heathrow Airport December 9, 2015 Conservative mayoral candidate Zac Goldsmith delivered David Cameron a one-two punch yesterday, criticising the Prime Minister’s European Union reform effort and warning him over endorsing a third runway at Heathrow Airport. Goldsmith, a self-described eurosceptic, said that while he wished the Prime Minister well in his ongoing negotiations with the European Union, he was “not [...]
City of London Police officers patrol area around London Stock Exchange as part of Project Servator December 9, 2015 City police were out in full force at the London Stock Exchange yesterday, with dozens of uniformed police officers, many armed, patrolling Paternoster Square and the surrounding area. City A.M. understands that the beefed-up police presence was part of an ongoing practice known as Project Servator. The high-visibility policing tactics, first brought in by the [...]
