Barratt has taken “pricing action” on high-end homes in London as weak demand begins to bite November 16, 2016 Not long ago, housebuilders were all clamouring to get a slice of London's high-end property market. Not any more: today Barratt said although sales have been strong, demand in the capital has weakened. The figures First, the good news: in a trading update ahead of its shareholder meeting today, the housebuilder said total forward sales [...]
McLaren’s legendary boss has been ousted – but says he’ll launch a technology investment fund next year November 15, 2016 Legendary McLaren boss Ron Dennis said today he has been "required to relinquish his duties" as chairman and chief executive after pressure from shareholders. Last week it was reported that Dennis had backed a £1.65bn takeover bid for the Formula One team and the technology arms of McLaren. However, shareholders TAG and Mumtalakat weren't impressed, [...]
City A.M. Unregulated podcast: Julien Callede, the man behind the internet’s hippest furniture store, on how he Made.com it November 15, 2016 NULL
Super Mario is coming to your iPhone next month November 15, 2016 If you're one of the legions of 80s and 90s kids whose misspent youth was taken up frantically punching at SNES and Nintendo 64 controllers, rejoice – for Super Mario is finally about to appear on your iPhone. Today Nintendo said it was planning to release Super Mario Run to Apple's App Store on 15 [...]
John Lewis just sent John Lewis a huge #BustertheBoxer-themed thank you gift November 15, 2016 One of City A.M.'s favourite festive traditions is kicking back with a mince pie and scrolling through the tweets of Virgina computer science educator, father of four, social liberal, atheist and – crucially – "not a retail store", John Lewis. For it is at this time of year Lewis, whose Twitter handle is @JohnLewis, is [...]
Sterling falls back below $1.24 after a surprise fall in inflation – pushed down by tuition fees and clothes November 15, 2016 So much for the Trump rally. The pound fell back below $1.24 this afternoon after figures from the Office for National Statistics (ONS) showed prices rose 0.9 per cent in October – missing expectations. Economists had expected the weaker pound to push consumer price inflation (CPI) to a two-year high of 1.2 per cent, from September's one [...]
Mark Carney just confirmed when he will step down from the Bank of England November 15, 2016 Bank of England governor Mark Carney has confirmed he will step down from his post as governor of the Bank of England at the end of June 2019. In an appearance in front of the Treasury Select Committee today, Carney confirmed he will step down on 30 June even if Article 50 is delayed, adding [...]
Black Friday 2016 deals: Four pairs of wireless headphones Amazon has in its Black Friday sale today November 15, 2016 It's day two of Amazon's 12-day Black Friday bonanza, and today the retailer has gone berserk for wireless headphones. If you're an Apple fan with a hankering for an iPhone 7 – sensationally unveiled in September sans headphone jack – take a look at today's deals: 1. Yeona Wireless Bluetooth stereo headphones – 55 per cent off Not [...]
Sales at Tesco are growing at their fastest rate in three years – but Morrisons and Asda are still suffering November 15, 2016 The supertanker that is Tesco continues to change its course, after new figures suggested its sales rose to their highest in three years in the last quarter. Data by Kantar Worldpanel showed Tesco sales rose 2.2 per cent in the 12 weeks to 6 November, putting its market share at 28.2 per cent – up from [...]
The price of gold has fallen to a five-month low November 14, 2016 The price of gold fell to a five-month low in trading in New York today, as the US dollar crept higher. Prices on the New York Mercantile Exchange fell one per cent to $1,212.10 a troy ounce as investors became increasingly bullish about what will happen next. So much for treasuries, gold and the yen [...]
