A bright new day for Monitise as new backers Santander, Telefonica and MasterCard join November 27, 2014 Monitise co-chief executive and founder Alastair Lukies felt vindicated yesterday after announcing three business giants had backed his mobile money business with a £49.2m investment and would all look to expand their commercial relationships with the company. And although no firm contracts were announced between Monitise and its partners, City A.M. understands that there could [...]
It doesn’t get more central than The Beecham in Covent Garden November 27, 2014 Covent Garden, that stretch of meandering streets off The Strand that culminates in the famous piazza, has been through every stage of London life. It started out, as many of the City’s suburbs did, as countryside, serving as gardens for Westminster Abbey. Then came its first gentrification phase when Henry VIII seized the land [...]
Tech helps S&P and Dow to hit new records – New York Report November 26, 2014 US STOCKS rose yesterday, boosted by tech shares, with the S&P 500 and Dow industrials closing at records. However, the energy sector was once more the largest weight on the market as crude prices continued to flirt with multi-year lows. The Dow Jones industrial average rose 12.81 points, or 0.07 per cent, to 17,827.75, the [...]
Apple joins the $700bn club… on its own November 25, 2014 TECH giant Apple, the world’s most valuable business, is the first company to be valued at $700bn (£446bn) after its share price rose one per cent in New York. The iPhone maker’s worth is now higher than the GDP of all but the top 19 countries in the world.
Wall St treads water on data – New York Report November 25, 2014 US STOCKS ended little changed yesterday as the country’s economy grew more than expected last quarter, but soft readings on consumer confidence and house prices kept major indexes in a tight range. The Dow Jones industrial average fell 2.96 points, or 0.02 per cent, to 17,814.94, the S&P 500 lost 2.38 points, or 0.12 per [...]
Lee Rigby murder: David Cameron calls on internet companies to “do all they can” to prevent terror attacks November 25, 2014 Prime Minister David Cameron has called on internet companies to change the way they act in relation to communications between potential terrorists after a report claimed the status quo was putting Britons at greater risk of attack. Speaking in response to a report published today by the Intelligence and Security Committee regarding the murder of [...]
Black Friday UK 2014: Where are the best bargains for must-have Christmas toys? November 25, 2014 As the countdown to Black Friday – November 28 if you're wondering – continues, the big question is exactly which items will be going on sale. Luckily for you, the Toy Retailers Association has today unveiled its DreamToys, the gifts that the industry has judged “must have” Christmas crackers. The list has pedigree [...]
BT set to shake up the mobile market… again November 24, 2014 A decade after the British firm left mobile, it is back for more In the midst of what one BT insider described yesterday as a “financial mess” in the early 2000s the British telecoms giant spun off its BT Cellnet arm. The move in 2001 was quickly seen as a terrible strategic decision, [...]
S&P closes at 46th new high for this year – New York Report November 24, 2014 The S&P 500 rose to a record high yesterday on hopes that China will take further accommodative monetary policy action if needed, while merger deals kept traders focused even as volumes were below average. It was the 46th time the S&P closed at record level this year. The Dow Jones industrial average rose 7.84 points, [...]
The best places to look for Black Friday deals 2014: John Lewis, Amazon, Marks & Spencer, Very, Curry’s PC World and Halfords November 24, 2014 Retailers are gearing up for Black Friday to be one of – if not the – biggest online shopping day of the year, with hundreds of promotions being planned to tempt consumers to join the spending bonanza. According to the Centre for Retail Research, shoppers will spend £1.32bn over the four days between Black [...]