The internet is down in large parts of the US October 21, 2016 The internet is down across large parts of the US today, with the East Coast in particular being badly affected, and many are unable to access major websites like Twitter or Reddit – no word yet on whether they can access City A.M. The problems are said to be connected to DNS (Domain Name Servers) hosts. [...]
Burberry share price jumps over five per cent on reports of interest from US designer Coach October 21, 2016 Burberry's share price jumped six per cent this afternoon on reports that US designer Coach is interested in merging with the British designer. Financial blog Betaville reported that Coach has engaged investment advisory firm Evercore to work with the two companies on a potential tie-up. According to a source cited by Betaville, senior executives from Coach [...]
Bombardier to cut 7,500 jobs over the next two years October 21, 2016 Plane and train maker Bombardier today announced it will cut 7,500 jobs across its global operations over the next two years. The Canadian company said around two thirds of the roles being cut will be in its transportation division, with the rest made in the aerospace arm. The group would not confirm the locations of [...]
Conservative majority slashed in David Cameron’s former seat of Witney as ex-Corrie star Tracy Brabin holds Batley and Spen seat for Labour October 21, 2016 The Tories have held David Cameron's former seat of Witney, although their majority was slashed, while a former Coronation Street actress, Tracy Brabin has held the Batley and Spen seat for Labour. Brabin was running in a by-election triggered by the murder of MP Jo Cox in June. She featured in Coronation Street for eight years [...]
Time Out Group buys London events company YPlan October 21, 2016 Time Out Group has announced the acquisition of London-based events and ticket booking company YPlan. YPlan is a "mobile-first" events discovery and booking platform, with a roster of big name backers, including Ashton Kutcher, Pharrell Williams and Stephen Fry. Time Out said that, combined with its high-quality curated content, the addition of YPlan will "enable the company's [...]
North Greenwich reopens after suspect package is blown up in controlled explosion – Met’s Counter Terrorism Command leading investigation October 20, 2016 North Greenwich Tube station has reopened hours after a suspicious item was found on board an eastbound Jubilee Line train. Nearby Canary Wharf station has been very busy as a result of the closure – Tower Hamlets police were advising passengers to opt for other nearby stations if possible. Canary Wharf VVV busy due to North Greenwich closure. [...]
Planned Southern rail strike on 3 November suspended – following a request from the British Legion October 20, 2016 A Southern rail strike planned for 3 November has been suspended following a request from the British Legion. Southern workers were originally planning to strike on 3 November, as part of a long-running industrial dispute over the role of train guards. However, 3 November is the date of this year's London Poppy Day, which sees thousands of [...]
Glencore flogs Australian coal haulage business October 20, 2016 Glencore has agreed to sell its Glencore Rail (GRail) coal haulage business to Genesee & Wyoming Australia (GWA), for AU$1.14bn (£712m). The FTSE-listed miner said the sale was "another significant part of Glencore's debt reduction programme". "We established GRail in 2010 and have steadily grown it to become the third largest coal haulage business in the country," said Peter Freyberg, head [...]
Man Group announces $100m share buyback October 20, 2016 Man Group has this morning revealed details of a proposed $100m (£81.5m) share buyback. The hedge fund said it has entered an irrevocable, non-discretionary arrangement with Merrill Lynch International to repurchase ordinary shares in the company, up to a maximum consideration of $100m during the period from today up to and including 19 October 2017. "The purpose [...]
560,000 reasons why BuzzFeed won in 2015 October 19, 2016 The UK arm of US media company BuzzFeed quadrupled its profits last year, making around £560,000, alongside some huge investments. Accounts filed at Companies House show BuzzFeed grew its profits from £140,772 in 2014 to £558,408 last year. The filings don’t show revenue as firms bringing in less than £6.5m are not required to disclose [...]
