By: Clara Guibourg

Clara Guibourg is an Online Writer at City A.M. She can be contacted at clara.guibourg@cityam.com. She is particularly passionate about women in business, technology and telecoms.

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Diageo sells last US wine asset Chalone Estate Vineyard to Foley Family Wines

February 9, 2016

Diageo has sold off its last significant US wine assets, completing the sale of the Chalone Estate Vineyard in California. The FTSE-listed drinks giant has sold the US winery to Foley Family Wines, in a sale that doesn’t just include the Chalone Estate and Gavilian brands but also nearly 1,000 acres of land. “Chalone Estate [...]
Where do homes sell fastest in England and Wales? Reading is the hottest place for a property sale

February 9, 2016

How long does it take to sell a house? The answer depends on where you live – and location makes a big impact. Home owners in Wales expect to wait three times as long as those in Reading before they can take down that “for sale” sign. With the average house selling in 64 days, [...]
Tui share price down even as the travel group smashes sales forecasts despite geopolitical turbulence

February 9, 2016

Tui’s sales smashed expectations, shrugging off the impact of geopolitical turbulence, and the travel group reiterated its full-year outlook. The figures The German-listed group posted sales of €3.7bn in the quarter ending 31 December, a 5.4 per cent growth that beat analysts’ forecasts of around €3.68bn. Earnings before interest, tax, depreciation and amortisation improved three [...]
Hong Kong protests: Dozens injured in clashes between police and protesters dubbed Fishball Revolution

February 9, 2016

Violent clashes have broken out between police and protesters in Hong Kong’s commercial district, leaving dozens injured in the Asian financial hub. The clashes are the worst street violence Hong Kong has seen since the massive Occupy protests in 2014. The violence was apparently sparked by police clearing away illegal food stalls set up for [...]
This is when the sun sets in London today: It’s still going to be light after 5pm for the first time since October

February 8, 2016

Rejoice, the day is finally here: after miserable months of making your way from and (at least for the early risers) to work in pitch darkness the sun will still be up for office workers leaving their desks at 5pm promptly. The sun sets at 5.01pm in London today, so you’ll have to be quick [...]
What UK cities have the highest disposable income? Edinburgh, Cardiff and Sheffield beat London, but Birmingham comes last

February 8, 2016

We all know London prices are exorbitant – but the capital's higher wages make up for it, right? Wrong, according to Capgemini. The management consultant has crunched the numbers on average rents and salaries to find the UK city where you’re left with most disposable income after paying your bills. It seems we should all [...]
Flexible working boosts productivity and profits

February 8, 2016

Flexible working regularly gets honourable mentions alongside things like longer holidays as one of employees’ most-wanted perks. And it now seems firms are catching on fast. Three quarters of companies worldwide have adopted flexible working policies, according to a survey from Vodafone of 8,000 employers and employees across 10 countries and three continents. And the [...]
Boardroom diversity isn’t everything: Female executives boost firms’ profits

February 8, 2016

Stop obsessing over women on boards: if you want results, what really matters is more women in leadership, according to a major study analysing 21,000 companies worldwide. Firms with at least 30 per cent female leaders stand to gain as much as six percentage points to their profit margins. Those with no female representation pay [...]
Imagination Technologies share price drops as chief executive Sir Hossein Yassaie leaves and chip maker sells Pure

February 8, 2016

Imagination Technologies’ chief executive, Sir Hossein Yassaie, has stepped down from the troubled chip maker with immediate effect. Yassaie has been with Imagination since 1992, but is leaving as the firm attempts a major rehaul. The embattled UK chip maker has seen over 40 per cent of its value wiped off in the past three [...]
Randgold Resources share price soars on record gold production despite commodities crisis taking a chunk out of profits

February 8, 2016

Randgold Resources posted record production last year, boasting it was “one of the best in its history”, despite slumping gold prices taking a chunk out of its profits. The figures Randgold, the South African gold miner, posted record-breaking production for the quarter ending 31 December, up six per cent year-on-year. The firm’s profits were down [...]

Ex-Google executive puts AI hiring under scrutiny

Sir James Dyson buys 50 per cent stake in top flight English sport club

Pairing wine with spicy food at London restaurants KOL and Gunpowder

By: Clara Guibourg

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