Bovis shares are down after it admitted housebuilding slowed at the end of this year December 28, 2016 Shares in Bovis fell this morning, after it admitted it completed on fewer homes than expected at the end of this year. Shares were down 4.9 per cent at 814.5p in early trading, after the housebuilder said it expected volume delivery for 2016 to be lower than previously expected, at between 3,950 and 4,000 homes, with 180 completions [...]
City A.M. Unregulated podcast: How to write a Christmas number one December 21, 2016 It's the City A.M. Christmas special – and we're staying with our professional development roots, by telling you how to make your millions by writing a Christmas number one. Providing their tips on writing your festive smash hit are Tony Mortimer, founding member of East 17 and the man who wrote classic Christmas tune Stay Another Day, [...]
Monte dei Paschi formally approves its €5bn rescue package December 15, 2016 Shareholders in troubled Italian bank Monte dei Paschi had a lukewarm reaction after reports suggested it had formally approved a multi-billion euro rescue package. Shares were up more than two per cent in afternoon trading, at €20.48 – although they started to fall on the news. The lender's shares have suffered in recent weeks after the departure of Prime [...]
Yahoo hack: These are the biggest data breaches of all time December 15, 2016 An announcement by Yahoo last night revealed as many as 1bn of its users' data may have been compromised in the biggest hack of all time. The breach is even bigger than Yahoo's previous hack, when the details of 500m accounts were stolen – at the time, that was the biggest hack in history. This [...]
It’s unanimous: Bank of England keeps interest rates on hold at 0.25 per cent December 15, 2016 The Bank of England's monetary policy committee (MPC) has unanimously voted to hold interest rates at 0.25 per cent. However, the MPC warned a slowdown in growth was still likely following the Brexit vote, although it added inflation will not rise as much as it had forecast. In minutes of its December meeting, it added [...]
Yahoo hack: How to find out if your details have been stolen and what to do if they have December 15, 2016 Last night Yahoo disclosed what is thought to be the largest cyber attack in history. Up to 1bn accounts are thought to be affected by the hack, which Yahoo said took place in 2013. How do you know if you've been affected? And what should you do if you have? We've answered all your questions [...]
In pictures: After the vacuum and the hairdryer, Dyson engineers have redesigned the humble Christmas tree December 15, 2016 First it was the vacuum cleaner, then it was the fan, and then it was the hairdryer. Now engineers at Dyson have redesigned the humble Christmas tree. Forget your Nordman Firs – the design, produced by engineers at Dyson's snazzy new campus included baubles made of hairdryers and 1,500 LEDs which can be remotely controlled to display different [...]
Putting the “art” in startup: UK art marketplace Artfinder raises $2.2m December 14, 2016 UK art startup Artfinder said today it has raised $2.2m (£1.7m) – some of which came from the man behind the Amazon Echo. The company, which bills itself as an art marketplace, said it had brought on a new VC investor, Oxford Capital – and the round was also backed by William Tunstall-Pedoe, the Cambridge AI [...]
Surprise rise in wage growth as unemployment falls – but claimant count rises December 14, 2016 UK wage growth rose more strongly than expected between August and October, hitting 2.5 per cent – beating expectations of a fall to 2.3 per cent. The figure was a rise from 2.4 per cent in July to September. Regular pay, which doesn't include bonuses, rose 2.6 per cent, up from 2.4 per cent in July [...]
