Cheesegrater office letting smashes City record October 30, 2014 A letting at newly-completed skyscraper the Leadenhall Building – known to its friends as the Cheesegrater – has set a new price record for the City of London. Industry magazine Property Week reported today that US-based insurance firm FM Global is understood to have agreed a deal to take the 7,700 sq ft 41st floor [...]
BT share price opens lower, despite dividend lift October 30, 2014 Investors saw BT's decision to spend £2bn on securing exclusive rights to Premier League and Champions League games for its new sports channels as a gamble, but it looks as thought it might have paid off. This morning the company raised its dividend by 15 per cent to 3.9p as it reported Premier League audiences [...]
CurrentC, US retailers’ Apple Pay killer, has already had a security breach October 29, 2014 Since its launch last week, Apple Pay has become surprisingly controversial – in fact, various mega-retailers, including Wal-Mart and Best Buy, have blocked its use. That's because they're part of a network called the Merchant Customer Exchange (MCX), which is working on its own version of Apple Pay. Known as CurrentC, the app has been [...]
Rosneft stuck in a rouble rut as profits plunge 99 per cent October 29, 2014 It is a sign of the times for Russian oil companies that a 99 per cent fall in profits "defies expectations", but shares in Rosneft rose this afternoon after it posted figures showing it had avoided making a net loss in the third quarter. Instead, net profits for the world's largest oil producer fell to [...]
Orbital Sciences Corp share price plunges: Nasa video shows Antares space station rocket explosion October 29, 2014 Shares in Orbital Sciences Corp have fallen faster than its Antares rocket in US pre-market trading overnight, dropping as much as 16 per cent after its mission to the International Space Station exploded spectacularly seconds after launch. The unmanned rocket was taking 5,000 pounds of supplies to the space station, but exploded shortly after it [...]
Pea shoots and TV equipment: Here’s what Nasa’s exploded Antares rocket was carrying October 29, 2014 The rocket that blew up seconds after its launch last night might have been unmanned, but that doesn't mean the mission's failure hasn't cost Nasa and Orbital Sciences, the company behind it, dear. The Antares Rocket was the third time Orbital has been contracted by Nasa to resupply the International Space Station (ISS), and as [...]
Is the world ready for the end of quantitative easing? Global markets rise on great Fed expectations October 29, 2014 What a difference a year makes. This time in 2013, markets across the world were thrown into turmoil as rumours abounded that the US Fed would begin tapering its quantitative easing programme. Fast forward 12 months, and the same markets have remained cheerful, even as the US' rate-setting Federal Open Market Committee prepares to make [...]
Mobile phones in meetings and sneaky BCCs: Do you commit these six business faux pas, as compiled by Debrett’s? October 28, 2014 Even the most experienced worker knows the office can be a minefield of potential social faux pas – from that moment you realise that bitchy email went to your boss by mistake, to who's up next for the tea round. Luckily, manners guide Debrett's has compiled a guide to six of the worst office faux [...]
Tim Cook: Apple Pay registered a million users in its first three days October 28, 2014 More than a million excited Apple fanboys had registered their credit cards with Apple Pay within 72 hours of its launch last week, Apple chief executive Tim Cook has said. The system launched with much hype on 20 October, allowing users to pay for goods in more than 220,000 retailers, including Bloomingdales, McDonalds, Foot Locker, [...]
London calling: This map shows how strong London’s gravitational pull is to commuters October 28, 2014 Every Londoner worth their salt knows the capital is the economic, cultural and social centre of the universe – but it turns out its pull to commuters is stronger than you might think. This map, by Savills residential analyst Neal Hudson, uses data from the 2011 census to show how far and in what direction [...]
