AA drives into connected car tech with joint venture Intelematics Europe January 5, 2016 The AA has sealed a joint venture to develop connected car services which could improve roadside assistance services and even lower motorists' car insurance. The London-listed company today announced the launch of Intelematics Europe, a joint venture co-owned by the AA, two other European roadside assistant clubs and Intelematics. The move marks another step into the [...]
City A.M.’s journalists take a look at what 2016 has in store for the world of finance and business January 4, 2016 BANKING Strengthening outlook despite more regulatory bumps ahead Bank of England governor Mark Carney may have declared the banking crisis officially over at the end of last year, but 2016 looks to be far from a challenge-free year for Britain’s biggest banks. To be sure, all seven of the UK’s leading lenders passed the Bank’s [...]
Comparethemarket.com: Cost of average car insurance soars to record high December 30, 2015 The cost of an average car insurance premium has soared to a record high, according to new data from Comparethemarket.com. The comparison website's motor insurance index has shown average car insurance premiums across all age groups currently stands at £675.61, the most since 2012. It added that the main reasons behind the jump in costs are the [...]
Christmas comes early for Uber as burdensome regulations look set to be disregarded December 23, 2015 Uber is expected to receive an early Christmas present today as a raft of burdensome regulations that would have effectively shut the firm down in the capital look set to be disregarded after fierce opposition from business groups and consumers. The final responses to a Transport for London (TfL) consultation on how to better regulate [...]
Renault completes Lotus takeover December 21, 2015 French manufacturer Renault will return to the Formula One grid in 2016 after formally completing its takeover of the financially ailing Lotus team yesterday. The car giant completed a share purchase agreement and confirmed that it would settle the debts owed by Lotus to HM Revenue and Customs and other creditors, which in turn signalled [...]
Robots to take over the world in 2016, and five other crushingly predictable tech forecasts December 18, 2015 Every year the tech glitterati creates “tech predictions”. Once these were far-fetched, futuristic and fantastic. They promised jet cars, space food and handheld communicators. Nowadays, when our smartphones have almost as much computing power as Tim Peake’s new home, they can be a little… repetitive. So. Will those tech predictions everyone’s making come to pass? [...]
From Ed Miliband to Martin Winterkorn: These are 2015’s biggest people moves December 18, 2015 From politicos to business nerds, it's been a busy year for people-watchers of all ilks, as the mighty fell. Whether you were more interested in the surprise departure of Barclays chief executive Antony Jenkins, or the many u-turns of Ukip leader Nigel Farage, here are the biggest people moves this year. 1. Mack the Knife's reign [...]
Goldman Sachs leads $45m investment in travel website startup GoEuro December 9, 2015 Goldman Sachs is among several investors to plough millions into a travel website which compares plane, train, bus and car rental across Europe. The $45m (£30m) series B investment round for three-year-old Berlin-founded startup GoEuro was lead by the Goldman's Investment Partners arm, with further cash coming from venture capital firms and entrepreneurs. That includes London headquartered Atomico, Russian billionaire Yuri [...]
Countdown to Christmas 2015: Seven losers of the year featuring Sepp Blatter, Ukip and the England rugby team December 5, 2015 For every glorious sporting triumph, history-making achievement, scientific breakthrough, artistic masterpiece or political triumph achieved in 2015, there has been a fall from grace to go with it. Whether it's an ousted president, collapsed share price or corporate disaster, for this lot, 2016 can't come soon enough. Read more: Beer, burritos and gifs: This was crowdfunding in 2015 [...]
Good health cheers Dow at month’s start – New York Report December 1, 2015 Health and consumer shares bounced back yesterday while car sales suggested upbeat growth in November, giving the markets a positive start to December. The Dow Jones industrial average rose 168.43 points, or 0.95 per cent, to 17,888.35, the S&P 500 gained 22.22 points, or 1.07 per cent, to 2,102.63 and the Nasdaq Composite added 47.64 [...]