By: Courtney Goldsmith

I am a journalist for City A.M. reporting on the energy and mining sectors. I also keep an eye on the pharmaceuticals sector and cryptocurrencies. Email: courtney.goldsmith@cityam.com

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Hotel Chocolat’s revenue is up and chief exec Angus Thirlwell is “quietly confident” for the year ahead

January 17, 2017

British chocolatier Hotel Chocolat has said it is "quietly confident" for the year ahead after posting increased revenue for the six months to 25 December. The figures Total group revenue for the period was up 16.2 per cent compared with the prior year, or 14.6 per cent on a constant currency basis. The chocolatier opened 10 new stores during [...]
A Christmas sales boost will help Greggs beat expectations in its full-year results

January 17, 2017

Pasty maker Greggs announced a strong finish to the year and said its final results will be slightly ahead of previous expectations in a trading update today. The figures Total sales were up seven per cent for the year ended 31 December, while company-managed shop like-for-like sales were up 4.2 per cent. Greggs' share price was up 3.8 per [...]
China’s Baidu targets artificial intelligence with appointment of former Microsoft executive

January 17, 2017

Chinese search giant Baidu has named a former Microsoft executive as its chief operating officer in an effort to push towards artificial intelligence. Baidu's core search engine business hasn't been performing well – new advertising regulations caused Baidu to lose 16 per cent of its ad customers in the quarter ending September 2016 – so the company is refocusing its [...]
Palamon buys a majority stake in colourful Swedish retailer Happy Socks

January 16, 2017

Palamon Capital Partners today announced its acquisition of a majority stake in Happy Socks, a leading whimsical sock designer. The European growth investor's transaction valued the Swedish sock company at SEK 725m (£67.1m), with SEK 40m of growth capital to be injected to support the continued expansion of the business, leading to a SEK 765m enterprise value. [...]
The Ministry of Defence announced a £269m deal for a new surveillance system that will sustain 200 jobs

January 16, 2017

The Ministry of Defence (MoD) has agreed on a deal worth £269m with Lockheed Martin for a new Crowsnest surveillance system, sustaining 200 skilled UK jobs. At the Portsmouth Naval Base today, the deal with the defence company was announced to create systems that will protect the new Queen Elizabeth Class aircraft carriers, which are currently under construction. The [...]
A London restaurant has offered to lock up your mobile phone while you eat

January 16, 2017

Today, our dinner tables ring out with the buzzes and pings of mobile phones calling out for attention. What happened to good, old-fashioned conversation over a cuppa? Well, a London restaurant and tea house is hoping to find out with a new (though optional) policy to lock up customers' phones while they eat. The Tea Terrace [...]
Gold is up ahead of Trump’s inauguration and May’s Brexit speech

January 16, 2017

Gold prices were up 0.48 per cent in morning trading, rising above $1,200 per ounce as political uncertainty looms. Ahead of Donald Trump's inauguration this week, gold was trading at $1,201.90 per ounce, on course for its sixth straight session of gains, while the US dollar weakened, analysts at Accendo Markets said. Read more: Trump's golden flowering: [...]
Burberry confirmed its new chief executive Marco Gobbetti is set to head the company from July

January 16, 2017

Burberry today confirmed Marco Gobbetti is set to become the boss of the company this summer as part of the company's ongoing restructuring drive. Gobbetti is slated to join the luxury brand as executive chairman of Asia Pacific and Middle East on 27 January until 4 July. From 5 July, he will join the board and take on his role [...]
Ashmore Group said Donald Trump’s election impacted business as investors backed away from emerging markets

January 16, 2017

Asset manager Ashmore Group today said the US election hit outflows despite a strong performance in its quarterly trading update. The figures Assets under management (AUM) are set to fall $2.4bn (£2bn) for the second quarter, ending 31 December, due to negative investment performance of $1.7bn and net outflows of $700m. The FTSE 250-listed business said overlay and blended [...]
South Korea’s prosecutors are seeking a warrant to arrest Samsung’s chief executive

January 16, 2017

The chief executive of Samsung has been accused of bribing a friend of President Park Geun-hye, and today South Korea's special prosecutor's office said it is seeking a warrant to his arrest. Jay Y. Lee was questioned for 22 hours last week as prosecutors looked into a corruption scandal that revolved around Choi Soon-sil, a friend of the [...]

Burnham launches bid to stand as Labour MP in by-election

Why authenticity is key to US sport succeeding in Europe

This Soho pub is putting on a ‘problematic’ show about a drunkard

By: Courtney Goldsmith

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