Taylor Wimpey results in the City spotlight as market jitters linger January 6, 2019 Housebuilding giant Taylor Wimpey is set to reveal its future outlook later this week against a backdrop of lower activity and growing uncertainty across many parts of the UK’s property market. Traders will be turning their attention towards the blue-chip constituent, which is releasing its full-year trading statement on Wednesday, as City caution looms large [...]
Wayne Rooney arrested in US for public intoxication and swearing January 6, 2019 Former England football captain Wayne Rooney was arrested before Christmas for "public intoxication and swearing", court filings revealed this evening. Rooney, who now plays for Major League Soccer's DC United, was arrested in Virginia on 16 December. A spokesman for Loudoun County Sheriff's Office confirmed Rooney was taken into custody "on a charge of public [...]
CES 2019: Tech firms set to chase Vegas lights for gadget bonanza January 6, 2019 This week marks the dawn of CES 2019, an annual trade show held in Las Vegas where startups and tech giants alike debut some of the world’s hottest new gadgets. Following on from last year’s most popular trend, voice assistants and artificially intelligent products are expected to take centre stage. Samsung is thought to be [...]
High street faces chilly week ahead as disappointing festive trading updates expected January 6, 2019 High street retailers are expected to be further under the cosh by the end of the week, with a flurry of quarterly trading updates due in the coming days. Troubled department store Marks and Spencer is one of several set to reveal yet another fall in sales over the festive period, according to analysts at [...]
Retail administrations rise for the second consecutive year January 5, 2019 The number of retail administrations has risen for the second year in a row after 125 retailers collapsed in 2018. Administrations rose six per cent last year from 118 in 2017, and 26 of the retailers that collapsed were large brands, compared to 17 the year before. There was a 53 per cent increase in [...]
Former chiefs of UK’s nuclear body launch legal action over Magnox fiasco January 5, 2019 The former bosses of the UK’s nuclear body are caught in a legal battle over an investigation into the botched handling of the Magnox nuclear decommissioning contract. The former chairman of the Nuclear Decommissioning Authority (NDA) Stephen Henwood and the organisation’s former chief executive John Clarke are trying to block the publication of a critical [...]
Government considers expanding drone exclusion zone around airports after Gatwick chaos January 5, 2019 The government will consider expanding the drone exclusion zone around UK airports from 1km to 5km in the wake of the disruption at Gatwick Airport just before Christmas. The use of unmanned aerial vehicles is set to be further restricted following a consultation on drones, to which the government will issue a response before the end of [...]
Gatwick and Heathrow spend millions on anti-drone equipment after Christmas travel chaos January 4, 2019 Gatwick and Heathrow are spending millions of pounds on anti-drone technology after drones disrupted thousands of passengers in the run-up to Christmas. The airports, which are the two busiest in the UK, have invested in military-grade equipment designed to jam drone signals. Read more: Drones, AI and 5G: Our tech predictions for 2019 A spokesperson [...]
Brexit in 2019: The only certainty is uncertainty January 4, 2019 Predicting what will happen in the world of politics is a notoriously difficult task at the best of times, but in the current all-bets-are-off climate, surely only a fool would give it a go. City A.M.’s Owen Bennett is that fool, and here are his tips for what to look out for. Brexit May's Brexit [...]
Westfield Stratford and Westfield London boost Christmas shopping footfall January 4, 2019 Westfield London and Stratford City saw record festive footfall this year, helping to dispel fears of retail gloom over the Christmas period. Christmas footfall was up 11 per cent year-on-year with 15.6m visitors visiting the centres from the start of November, the owner of the two shopping centres, Unibail-Rodamco-Westfield, announced today, while Boxing Day shoppers hit 350,000 [...]