Samsung shares slide as electronics giant halts Galaxy Note 7 sales on exploding battery concerns October 11, 2016 Shares in Samsung were down 6.7 per cent this morning after the South Korean electronics giant halted sales of its Galaxy Note 7 smartphone and urged customers to switch off their devices. The company has asked all global carriers to stop selling the Note 7 devices and halt exchanges of the original device for replacements, while it works [...]
City Moves for 11 October 2016 | Who’s switching jobs October 11, 2016 Covington Lord Francis Maude, the former UK minister for trade and investment in Prime Minister David Cameron’s government, has joined Covington as a senior adviser in the firm’s public policy and government affairs practice.With a political career spanning almost 40 years, Lord Maude has held a number of high profile government positions, including financial secretary [...]
Look how much Facebook’s paid in UK corporation tax now October 9, 2016 Facebook's tax bill has sky rocketed in the UK after changing the way its business is structured, however, it has also racked up a credit from the tax man worth millions more effectively cancelling that out. The social network was billed £4.2m in corporation tax for the year to the end of 2015, newly filed documents [...]
Mobile is the invisible infrastructure that can drive the economy in post-Brexit Britain October 6, 2016 This week’s State of Mobile Networks report served as a timely reminder of the importance that people and businesses across the UK place on mobile connectivity, particularly superfast 4G. But it also acts as a wake-up call to the fact Britain could be left behind in the global digital race and miss out on an [...]
The best reactions to Theresa May’s speech at the Conservative Party conference October 5, 2016 With promises to intervene in "dysfunctional" markets and reform boardroom pay, Theresa May's closing speech at the Conservative Party conference was, she said, squarely aimed at "shifting the balance in favour of ordinary working people". But how have businesses reacted to her list of pledges, which included a promise to reset the Conservative Party's relationship with [...]
Before the bell: What you need to know before the US market open October 5, 2016 The pound has recovered some of its losses after mammoth sell-offs all week, while the gold price is steadier after its biggest one-day drop since 2013. Here's what you need to know before the US open at 2:30pm London time. US futures are pointing down in the pre-market. The S&P is off by 0.06 per cent, the [...]
Tech triumph: These are the most valuable brands in the world October 5, 2016 Technology continues to dominate in the battle of the world's most valuable brands, with Apple and Google topping the latest list and Facebook crowned the fastest growing brand. More than half of the top ten brands in Interbrand’s annual index are technology companies, while Amazon and Adobe were also among the fastest growing brands as [...]
The biggest announcements from Google’s Pixel event October 4, 2016 After some hefty leaks last week, Google has just officially unveiled a new collection of devices with Google Assistant — the tech giant's artificial intelligence engine — at their core. Pixel Chief among Google's announcements was the reveal of its new phone, called Pixel. The iPhone rivalling handset is available in two sizes, Pixel and Pixel XL, with the former sporting a 5-inch 1080p screen and [...]
Working Lunch: Cabotte review – a restaurant made by wine lovers for wine lovers in the heart of the City October 4, 2016 Cabotte 42 Gresham Street, EC2 WHAT? Winos of the world unite – a new restaurant has opened in the city curated by wine lovers for wine lovers. Two master sommeliers, Xavier Rousset and Gearoid Devaney, opened Cabotte a couple of weeks ago to marry the cuisine and vineyards of Burgundy. All senior staff are former [...]
Picks of the day: The three stories to read today October 4, 2016 Spending your break at your desk as the temperature continues to drop? We’ve put together the hot stories people are talking about today in bite-sized form, just to make your life that bit easier. Check out our 3 at 3. Pay by selfie Looks like Apple pay is about to be knocked of the top [...]