Polymetal shares slide on rising costs in the year ahead January 26, 2017 Shares in Polymetal slid more than six per cent following news that production was broadly in line with targets but costs will go up in the year ahead. Polymetal, which has mines in Russia, Kazakhstan and Armenia, said it delivered a "strong performance" in the fourth quarter of 2016, producing 375,000 ounces of gold equivalent, a 21 per cent increase, bringing total production for the year to [...]
City Moves for 26 January 2017 – who’s switching jobs? January 26, 2017 Today's City Moves cover a challenger bank, one of the best-known social media management platforms and a law firm. Take a look at these movers and shakers: Hampshire Trust Bank Chris Forsyth has been appointed as chief operating officer at Hampshire Trust Bank. In his executive role at the specialist challenger bank, which focuses on [...]
Could vanity be your downfall? Skiers warned of selfie injuries January 25, 2017 Millions of Brits heading to the mountains to play in the white stuff this winter have been warned that taking an innocuous selfie could ruin their holiday. A startling 51 per cent of people have injured themselves while trying to photo their exploits – and 28 per cent of these have been carted off by medical services [...]
Roger Federer and Venus Williams roll back the years on way to Australian Open semi-finals January 24, 2017 Evergreen Roger Federer is plotting the downfall of compatriot Stan Wawrinka after becoming the oldest men’s singles semi-finalist at a grand slam for 25 years. Federer, 35, continued his impressive return from injury at the Australian Open by despatching Sir Andy Murray’s conqueror Mischa Zverev 6-1, 7-5, 6-2 in the quarter-finals on Tuesday. It made [...]
China now gets more oil from Russia than it does from Saudi Arabia January 24, 2017 Russia last year overtook Saudi Arabia as China’s biggest supplier of crude oil thanks in large part to increased demand from independent refineries, popularly called teapots. This is what statistics data released today by Beijing’s customs authority show. The average daily amount that Russian companies exported to China in 2016 stood at 1.05 million barrels, [...]
Startup taking the hassle out of mortgages, Habito, has landed millions in new funding January 23, 2017 A property technology startup which helps find homebuyers the best deal on their mortgage online via a chatbot has raised a new multi-million pound round of funding to support its growth, City A.M can exclusively reveal. Habito, already backed by seed capital from the entrepreneurs behind Transferwise and Funding Circle, has landed a further £5.5m of cash led by [...]
City Moves for 20 January 2017 | Who’s switching jobs January 20, 2017 Accel Global venture capital firm Accel has appointed Luciana Lixandru as its newest partner, promoting her from the position of principal. In her new role, Luciana will continue to focus on investments in consumer internet, marketplace and software companies. She has developed a particularly strong investment history in next-generation marketplaces and played a pivotal role in Accel’s investments [...]
Jessica Ennis-Hill interview: A successful World Championships in London can help restore faith in athletics January 19, 2017 Olympic heptathlon gold-medallist Dame Jessica Ennis-Hill insists a successful World Championships in London is pivotal to restoring the tarnished reputation of athletics. The sport has been rocked over the past 18 months by a series of damaging allegations of state-sponsored doping and cover-ups which have seen Russia banned from international competition by world governing body the [...]
Sir Andy Murray douses concerns over ankle injury after brushing aside Russian teenager at Australian Open January 18, 2017 World No1 Sir Andy Murray played down fears over an ankle injury after cruising past Russian teenager Andrey Rublev to reach the third round of the Australian Open men’s draw. Murray’s ankle gave way at the start of the third set and he visibly remained in discomfort despite showing few ill-effects as he dispatched Rublev [...]
While China’s demand for crude oil is growing, its output is falling January 18, 2017 Crude oil production in the Asia-Pacific is falling at a unique rate, according to a report from Wood Mackenzie, with China accounting for about half of the decline, Wood Mac’s Asia-Pacific upstream research director Angus Roger said. In 2016, the region pumped around 7.5 million barrels daily but this is about to drop to less [...]