Trump that: JP Morgan boss Jamie Dimon has snubbed Donald Trump November 17, 2016 JP Morgan chief executive Jamie Dimon has reportedly turned down the offer of a top job by Donald Trump. Fortune magazine reported Dimon said a polite "no thank you" after he was offered the role of US treasury secretary. Reports first surfaced shortly after Trump's election that Dimon was tipped for the top job at the [...]
The number of new affordable homes in England more than halved last year November 17, 2016 The number of new affordable homes in England fell by more than half last year, new figures have suggested. Figures from the Department for Communities and Local Government showed the number of new affordable homes built in 2015-2016 fell to 32,110, down from 66,600 the year before. The figures, which take in newly-built affordable homes [...]
Jaguar has lovingly remade the XKSS, aka the world’s first supercar – a snip, at £1m November 17, 2016 If you're a sucker for classic cars, look away now. For while Jaguar has lovingly remade one of its most iconic motors, there are only going to be nine of them, and they've already been sold – for more than £1m each. Jaguar debuted the first "genuine" Jaguar XKSS in almost 60 years at a Los Angeles museum (because [...]
Weak sterling will push up the price of wine and there’s nothing anyone can do about it, Majestic’s chief executive has warned November 17, 2016 First it came for our Marmite. Then it came for our Toblerones. Now, weak sterling is pushing up the price of wine, the chief executive of one of the UK's largest booze retailers has warned. Rowan Gormley, the boss of Majestic Wine, said consumers can expect wine everywhere to go up in price – "until we grow [...]
Near-miss: A drone came within 20m of a passenger plane as it flew over the Shard this summer November 17, 2016 A drone almost collided with a passenger plane carrying 165 people as it passed over the Shard in July. A report from the UK Airprox Board, which records near-misses in the air, said the Airbus A320 was en route to Heathrow Airport on 17 July when its crew spotted a black drone out of their [...]
Will Snapchat’s IPO go the Twitter way or the Facebook way? November 17, 2016 Reports of a potential (but secret) IPO by Snapchat yesterday brought out the usual round of dot com bubble comparisons. It’s hardly surprising: if the rumours are true, the social messaging app could be valued at as much as $25bn, making it the third-largest IPO ever, after Alibaba and Facebook. This, from a company built [...]
Hold off on criticising Snapchat’s $25bn IPO – it may be a Facebook, rather than a Twitter November 17, 2016 Reports of a potential (but secret) IPO by Snapchat yesterday brought out the usual round of dot com bubble comparisons. It’s hardly surprising: if the rumours are true, the social messaging app could be valued at as much as $25bn (£20bn), making it the third-largest IPO ever, after Alibaba and Facebook. This, from a company [...]
Mercedes-Maybach has just unveiled a ridiculously plush, limited edition, £260,000 convertible November 16, 2016 Thought convertibles couldn't get more luxurious? Think again: Mercedes-Maybach has just unveiled its first cabriolet, and it's ridiculously plush. And so it should be: with a limited production run of 300 vehicles, the S 650 Cabriolet comes with a price tag of €300,000 – that's £260,000. It's essentially an adaptation of the S-Class, but with a [...]
Brexit effect? Wage growth stays slow as unemployment benefit claimants rise November 16, 2016 Is this a sign the Brexit vote is beginning to have an impact on the jobs market? Growth in average weekly earnings including bonuses remained resolutely flat at 2.3 per cent between July and September, figures published today showed – although real wage growth could only muster a disappointing 1.7 per cent. The figures, by [...]
City A.M. Unregulated podcast: How I Made.com it – Julien Callede, the man behind the internet’s hippest furniture brand November 16, 2016 When Julien Callede was standing on the platform at Gare du Nord in February 2010 with a one-way ticket to London in his hand, he had no idea he was about to launch one of the internet's best-known furniture brands. Five years and several new markets later, he explains why he chose the UK to [...]
