Sir Bernard Hogan-Howe to retire as Metropolitan Police commissioner September 29, 2016 Britain's most senior police officer is to retire after five years in the post, Scotland Yard said today. The Metropolitan Police Service (MPS) said its commissioner, Sir Bernard Hogan-Howe, who oversees 32,000 police offers, will stay in his post until February next year to allow for a successor to be appointed. During his time in office, Hogan-Howe [...]
City A.M. Unregulated podcast: How to make it big in craft beer September 29, 2016 Drinking caps on: it's time to talk about craft beer. This week we're joined by the people in charge of getting craft beer brands in front of consumers: David Voxlin from Craved London and Fraser 'Jam Boy' Doherty, who co-founded Beer 52, talk about the rise and rise of craft beer and what they look for in [...]
Want to be more like James Bond? Aston Martin has just unveiled its first boat September 28, 2016 So you only ever wear black tie, you drink all your martinis shaken, not stirred and you managed to get your hands on the ultra-limited edition DB10. Now you've run out of ideas about how to be more like James Bond. Lucky for you, Aston Martin has come up with a new solution: its first-ever boat. Naturally, it's [...]
Party on: Wandisco has hired a new finance chief September 28, 2016 Aim-listed big data software company Wandisco has finally named a new finance chief, three months after its previous one was poached by Just Eat. The company, which has headquarters in California and Sheffield, today named Erik Miller as its chief financial officer and said he will join its board with immediate effect. Miller, who has [...]
Deutsche Bank shares have risen after Angela Merkel suggested it may be too big to fail after all September 28, 2016 Shares in Deutsche Bank rose as the market opened today, as investors reacted to a u-turn by the German Chancellor over a potential bailout of the lender. Shares had spent most of this week falling after Angela Merkel suggested the struggling bank would not receive state assistance, saying that although it faced a $14bn (£10.8bn) fine from [...]
Twitter’s share price just shot up on rumours Google and Salesforce are planning to buy it September 23, 2016 Twitter shares whooshed higher on the opening bell in New York after internet rumours suggested two of the world's largest tech companies might make formal bids for it. CNBC reported that Salesforce and Google may make a formal bid shortly, causing shares to jump 20.6 per cent to $22.38 in late morning trading in New York. Reuters later [...]
Amazon has just been fined 0.01 per cent of its second quarter profits for shipping dangerous goods September 23, 2016 Amazon has been fined £65,000 by Southwark Crown Court after it was convicted of breaching rules on dangerous goods. The online retail giant was found guilty earlier this week on four counts of causing dangerous goods to be delivered for carriage in an aircraft after it tried to ship lithium ion batteries (which have been banned from flights [...]
Chilly reception: Iceland is considering suing Iceland over its name September 23, 2016 It may have been trading since the 1970s, but it the government of Iceland has had enough of British supermarket Iceland using its name. Yep: Iceland (the country) is considering a lawsuit against Iceland (the supermarket) in an effort to force it to ditch its moniker – because it has pursued brands in Iceland (the country) who [...]
Marriott and Starwood have finally sealed their $13bn deal September 23, 2016 Marriott International said today it has finally completed the $13bn (£9.9bn) acquisition of Starwood Hotels, creating a $36bn hotels giant with 1.1m rooms. The deal has been beset by delays, including an eleventh-hour bid by a Chinese consortium which nearly scuppered Marriott's bid altogether, and a 60-day delay imposed by the Chinese ministry of commerce. Starwood shareholders will receive [...]
Yahoo hack: Here’s everything we know, including how to protect yourself September 23, 2016 Yahoo's 2016 has been a rollercoaster ride of emotions: on one hand, all its dreams came true when Verizon swooped in to rescue it in a giant $4.8bn takeover. On the other, it's just become the recipient of the largest data breach in history. Ouch. The company admitted last night as many as 500m of its [...]
