Whiplash-gate: we’re all paying for the unscrupulous few, say motoring experts October 27, 2016 Car insurance premiums are spiralling out of control due to a "whiplash epidemic" according to data released by motoring organisation the AA. The average cost of annual car cover is now £82 higher than a year ago, a 17 per cent year-on-year increase. Alongside spurious whiplash claims, the AA said that recent increases in insurance premium [...]
The Big Bang 30 years on: How the City went from bowler hats and liquid lunches to smartphones and tossed salads October 26, 2016 There’s now a whole generation of City workers – and City A.M. readers – who weren’t even born when the markets were deregulated back in 1986. Standing in Leadenhall Market on a week-day afternoon, they could be forgiven for thinking the City hadn’t changed all that much over the last 30 years. Hundreds of besuited [...]
Tottenham and Uber stadium naming rights deal fails to get off the rank October 26, 2016 Tottenham are not currently in talks with Uber over a deal that would see the taxi app take naming rights to the club's new stadium. The Premier League club are currently holding talks with potential sponsors of the 61,000 capacity stadium but Spurs sources told City A.M. that, contrary to reports, there are no active negotiations [...]
Brexit will be fast and smooth says WTO boss Roberto Azevedo October 26, 2016 UK's transition out of the European Union will be fast and smooth and there will be no disruption to trade, the head of the World Trade Organisation (WTO) said today. Roberto Azevedo vowed that the UK would not face a vacuum or a disruption when it leaves the bloc and it would continue to be [...]
Ofcom to slap Vodafone with multimillion pound fine October 25, 2016 Vodafone will be slapped with a multimillion pound fine for how it deals with complaints and how it handles its pay-as-you-go service. Ofcom will announce the outcome of two investigations tomorrow. Sky News has reported that the two 18-month probes have both found significant failings in Vodafone's UK business. Read more: Vodafone and Inmarsat team up [...]
Amazon Echo review: Or how I started talking to a little black cylinder every day October 25, 2016 How often do you trust Siri to do much besides setting a timer when you’re cooking pasta, or telling you whether or not it’s going to rain? Since they crept into our pockets, virtual assistants haven’t progressed much past the point of pseudo-capable helpers, who are unreliable in most roles beyond fancy egg-timers and meteorologists [...]
Deutsche Bank share price dips on reports mega $14bn fine settlement has been delayed October 25, 2016 Deutsche Bank's shares dropped again today, as investors digest reports that the bank's settlement of a potential mega fine has been delayed. The German lender's share price is currently down 2.3 per cent at €13.00, having been on a rollercoaster ride ever since it was announced the US Department of Justice (DoJ) could hit it with a fine for as [...]
Heathrow vs. Gatwick? It’s decision day for airport expansion in the south east October 25, 2016 The government will announce its long-awaited decision on airport expansion today, with transport secretary Chris Grayling expected to signal expansion across the UK's regional airports, as well as in the south east. Heathrow is the favourite to get the green light over Gatwick, while Grayling will also stress the desire for further projects beyond the site. Although [...]
Virtual reality startup in talks for fresh funds October 24, 2016 A London-based virtual reality startup is in talks for fresh funding that could value it at over £400m. Improbable – which last year picked up $20m (£13.4m) from Silicon Valley investor Andreessen Horowitz – is locked in talks with potential backers on both sides of the Atlantic, according to Sky News. Its last funding round reportedly [...]
Long Weekend: Discover the glitzy nightlife and historic Portuguese-Chinese heritage of Macao, China October 21, 2016 THE WEEKEND: Macao may be known for its glitzy nightlife, but this unique destination only 40 miles from Hong Kong on the south coast of China offers a whole lot more than the roll of the dice. A huge foodie scene, a dazzling array of luxury hotels and a vibrant selection of cultural hotspots make [...]