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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Former chairman Mistry has announced his resignation from Tata director roles

December 19, 2016

Cyrus Mistry today said he was resigning as director from the boards of all Tata group listed firms, but he insisted he would continue to fight to improve the $100bn (£79bn) conglomerate's governance. A source confirmed Mistry's plans to file a lawsuit in the coming days, according to Reuters. The former Tata Sons chairman quit just ahead of a [...]
Russian ambassador to Ankara shot dead in an attack in Turkey

December 19, 2016

The Russian ambassador to Ankara, Andrei Karlov, was shot dead in an attack in Turkey today. Karlov was shot while making a speech at the opening of an exhibition at an art gallery by a gunman who shouted in Turkish: "Don't forget Aleppo. Don’t forget Syria. Unless our towns are secure, you won’t enjoy security. Only death can take [...]
New proposals could cause banks to pocket up to £23bn in unpaid PPI compensation, a group said

December 19, 2016

Banks stand to pocket up to £23bn in unpaid payment protection insurance (PPI) compensation when new deadlines come in, a new campaign group has warned. The group Payback Time was launched today to warn how new proposals to be announced in early 2017 are expected to limit what companies can do to expose the PPI [...]
London just got the first ever contactless payment beer pump

December 16, 2016

It looks like bartenders are the latest workers to be threatened by robotic replacements. The world's first contactless, self-pouring beer pump prototype has been launched by Barclaycard. Set up in Henry's Cafe and Bar in Piccadilly, the first-of-its-kind contraption has been dubbed "Pay @ Pump", and it's designed to help pubs and bars reduce queuing times [...]
Sparkling wine and champagne sales are set to bubble up to £2bn by the end of the holiday season

December 15, 2016

Britain's sparkling wine and champagne sales will continue to fizz over the holiday season to break £2bn by the new year. Twenty million more bottles of sparkling wine were sold in 2016 in the UK compared to the previous year, the Wine and Spirit Trade Association (WSTA) said in its year-end market report. With 114m litres, or 152 [...]
Heineken is poised to win Punch Taverns’ hand in takeover battle

December 15, 2016

Punch Taverns today agreed to a £403m offer from Heineken and its investment partner Patron Capital. The Dutch brewing giant has until mid-January to make a firm offer. The current offer will lapse if a competing bid of 200p or more is made. Heineken and its partner Patron are facing competition from Alan McIntosh and [...]
Paddy Power has the odds on which group will call a strike next

December 15, 2016

After Southern rail strikes left commuters stranded, Post Office workers threatened branch closures before Christmas, cabin crew at British Airways voted for industrial action and even Argos drivers announced a disruptive strike before talking it out with their bosses, Paddy Power has now offered the odds on which group will strike next. "Glorious post-Brexit Britain is doing its best [...]
GVC shares jump after betting on a 49 per cent dividend increase

December 15, 2016

Share prices in GVC were up more than five per cent in afternoon trading after the leading sports betting and gaming business announced a dividend increase of 49 per cent today. The e-games operator, which recently acquired rival Bwin.Party for £1bn, said adjusted earnings before interest, taxation, depreciation and amortisation could reach up to €205.5m (£171.6m) for the year to [...]
BI announces its best performing champagne for 2016

December 14, 2016

One of the world's leading fine wine merchants and traders has announced its top performing champagne of 2016. BI, formerly Bordeaux Index, said this year's best champagne on its LiveTrade platform was the 2007 Louis Roederer Cristal, with sales up 53 per cent since it was added to the live, two-way buying and selling platform [...]
The global e-cigarette market is set to be worth $32bn by 2021, and the UK market will grow to $5.67bn

December 14, 2016

The global electronic cigarette market is set to be worth $32bn (£25bn) by the year 2021, while the UK market grows to $5.67bn (£4.46bn), a new report suggests. The "tremendous" growth rate of vapour products is due to increased popularity in North America, particularly the US, and European countries including the UK, a new report by Beige Market Intelligence [...]

Revolut: Inside Nik Storonsky’s $75bn fintech empire still waiting for its crown

Conor Benn switch to Dana White’s Zuffa branded ‘outrageous’ by Hearn

Inside Sarah Ferguson’s £100k-a-week rehab with lakeside apartment and round-the-clock therapy

By: Courtney Goldsmith

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