Arise, Dame Inga: Lloyd’s of London boss Inga Beale has been awarded a damehood in the Queen’s New Year’s Honours list December 30, 2016 Lloyd's of London boss Inga Beale has been awarded a damehood as part of the Queen's New Year's Honours list. Beale, who was appointed chief executive of Lloyd's of London in January 2014 and is a vocal LGBT rights campaigner, was awarded her damehood for services to the economy. She was included in City A.M.'s Power [...]
London weather on New Year’s Eve: Chilly, but more settled December 30, 2016 It's an annual dilemma: go out and enjoy New Year's Eve, or cosy up at home by the fire, and pretend the past year didn't happen? The good news for wannabe revellers is that there won't be much rain about. The bad news is, fog and ice are likely to linger – although the brightest [...]
The FTSE 100 finished the year at another all-time high December 30, 2016 It's been another record-breaking day for the FTSE 100, which finished the year today at another all-time high. Britain's bluechip index rose to 7142.83 points, 0.3 per cent higher, after a last-minute rally before it closed on today's shortened trading day. The index has twice closed at record highs this week, finishing above 7,120 points yesterday [...]
The average rent in London has reached a record high December 30, 2016 The government may have spent the last few years doing everything in its power to reduce the number of people buying second homes – but that hasn't hurt the capital's rental prices, after new research suggested rents in London reached a record high in November. The Your Move rental index showed average rents in the capital [...]
Amazon wants to create giant airship warehouses to speed up your drone deliveries December 30, 2016 The year is 2050. You've just thought your order into your MindModule. A dark mass lurches in front of the sun as a giant airship floats into view overhead. Seconds later, you hear the familiar whine of a drone outside your front door as your package is delivered. Welcome to Amazon's vision of the future… This morning [...]
Tullett Prebon just completed the buyout of Nex’s voice broking business December 30, 2016 Broking giant Tullett Prebon has just managed to sneak in a final deal in 2016: completion of its buyout of the voice-broking arm of Nex. In a statement this morning Tullett Prebon said it had completed its acquisition of the business under an all-share deal worth £1.28bn. The deal will give Nex shareholders a 56 per cent stake in the [...]
Another day, another record close for the FTSE 100 December 29, 2016 The FTSE 100 just about managed to close above yesterday's all-time high flat on a day of thin trading. The index closed at 7,120 points, led higher by gold miners as the yellow metal rallied during yet another session, with Randgold Resources rising 4.7 per cent to 6,402p, while Fresnillo rose 4.4 per cent to 1,220p However, engineering [...]
Here’s how much London’s Airbnb hosts will make on New Year’s Eve December 29, 2016 If you've already made your New Year's resolutions, here's one to add to your list: put your home on Airbnb. Figures by the company have suggested Londoners will make a whopping £17m this New Year's eve. The 2m people the service expects to find beds for is a 1,400-fold rise from New Year's Eve in 2009. [...]
Ed Balls 4 Prez, a General Election, Farage back at the top of Ukip – and eight other political possibilities bookies are placing odds on for 2017 December 29, 2016 After a year of political upheaval in the UK and across the pond, will things calm down in 2017? Not likely, if odds by Betway are anything to go by – with Theresa May, Jeremy Corbyn, Nigel Farage and (naturally) Ed Balls all set to have a tumultuous 2017. Want to know what's going to [...]
It’s City A.M.’s quite questionable quotes quiz: Who said what in 2016? December 29, 2016 It's been quite a year – but that has also given rise to some of the most outrageous business and political utterances in recent memory. Do you know your Mike Ashley from Sir Philip Green? Have you been memorising Donald Trump's Twitter rants? Test your knowledge here. [quiz id="42"]
