Blackberry pulls BBM app launch September 22, 2013 BLACKBERRY suffered yet another setback over the weekend with the launch of its mobile messaging platform BBM on rival iOS and Android platforms. The app was unceremoniously pulled from the respective online stores just hours after it launched yesterday morning. The company said 1.1m users had downloaded the app in the hours after it launched, [...]
Restaurant review: 1701 September 17, 2013 RESTAURANT Bevis Marks Synagogue, EC3A 5DQ Tel: 020 7621 1701 FOOD Four stars VALUE Three stars ATMOSPHERE Four stars Cost for two with matched wine: £115 I GOT back from my holiday last week to another of life’s crushing milestones: I can no longer fit into my work suit. It’s all downhill from here. And [...]
Blackberry ripe for the picking as it considers sale August 12, 2013 STRUGGLING smartphone maker BlackBerry yesterday opened the door to a multi billion dollar sale of the company as it unveiled a dealmaking committee tasked with reviving the group’s flagging fortunes. The Canadian firm, famed for its email-friendly phones and formerly known as Research In Motion, said US M&A guru Tim Dattels would head an executive [...]
RBS hopes to name new chief executive on Friday July 31, 2013 The Royal Bank of Scotland is hoping to name its new chief executive alongside its results on Friday, according to Sky sources. Sky Sources: RBS hopes to name new chief executive to replace Stephen Hester along with results on Friday — Sky News Newsdesk (@SkyNewsBreak) July 31, 2013 However, there is no formal deadline for [...]
View from the City – It’s a bad time to sell off RBS stake February 25, 2013 WHILE you are ruminating over the content of today’s City A.M., earnings results from RBS on Thursday and Lloyds Banking Group on Friday will be approaching the top of the financial agenda. Although the “Black Horse”, was first to admit to wholesale miss-selling of payment protection insurance (PPI), it seems that it will be easier [...]
Ocado to reveal its progress on road to profits February 3, 2013 OCADO will be in the spotlight this week as the online grocer reveals whether it is edging closer to making a profit. The firm has recently hired Sir Stuart Rose as chairman and is also gearing up to open a second distribution warehouse in Warwickshire. Ocado, which was founded in 2000, is yet to go [...]
Retail shares hammered by short sellers January 14, 2013 LEADING hedge funds are making enormous bets against the health of the UK high street, according to figures supplied to City A.M. by data provider Markit. Home Retail Group, the parent company of Argos and Homebase, has more than one in five of its shares out on loan ahead of Thursday’s interim management statement. Short sellers borrow shares [...]
Manganese Bronze reinstates sacked workers as bids close December 9, 2012 BLACK cab maker Manganese Bronze, which collapsed into administration last month, has re-hired the 12 staff laid off at the end of October, raising hopes production of the vehicle will remain in the UK if a buyer is found. Bids for the holding company’s stricken subsidiary The London Taxi Company, which makes the cabs in [...]
Retailers post weak sales rise as shoppers delay Xmas spree December 3, 2012 RETAILERS are pinning their hopes on a late Christmas boost, after a mixed November that saw consumers continue to delay parting with their pennies. Like-for-like retail sales edged up 0.4 per cent in November compared with a year earlier, the British Retail Consortium (BRC) and KPMG sales monitor showed this morning. While an improvement on [...]
Rugby heroes show what Blues are missing December 2, 2012 WHAT part Chris Robshaw played in England’s dissection and devouring of the All Blacks on Saturday is open to debate. As captain, he had a good game, and expertly rallied the troops when briefly it looked as though the Red Rose would wilt. But was he any better a captain this weekend than last, when [...]