Newly appointed night czar Amy Lamé hits the Piccadilly line Night Tube for the first of her night surgeries December 16, 2016 The mayor's first night czar starts a pet project of her own tonight. Amy Lamé, who was announced by the mayor last month as night czar, is launching the very first of her night surgeries – where she'll meet the capital's nightlife lovers and night-time workers to find out just what they want to see from [...]
Oil prices sink on massive increase in US crude oil stockpiles November 2, 2016 Oil prices have slipped today after US crude stockpiles registered their largest ever weekly increase. The rise blew expectations out of the water, with the US Energy Information Administration (IEA) saying crude-oil stockpiles rose by 14.4m barrels in the week to 28 October. Analysts had pencilled in a build of 1m barrels. Oil prices moved sharply lower, falling [...]
Zara owner Inditex posts sales rise of 11 per cent September 21, 2016 The world's biggest clothing retailer – which owns brands such as Zara, Bershka and Pull & Bear – reported a like-for-like sales rise of 11 per cent this morning. Total sales increased to €10.47bn (£8.99bn) for the period from 1 February to the end of July. Profits jumped eight per cent annually, reaching €1.26bn (£1.08bn). Analysts had [...]
Editor’s 2016 review: It’s been a year of momentous political change, but there’s every reason to look to the future December 22, 2016 Attempting to reflect such an extraordinary year with just a handful of our own front pages was always going to be difficult, but I thought we’d give it a go. The front page of City A.M. is (to borrow a phrase from our marketing department) the front door of our brand. The choice of splash, [...]
The doom-mongers are wrong, it’s not all gloomy for England December 14, 2016 There seems to be quite a lot of negativity being written and spoken about English cricket at the moment and quite honestly a lot of it is a load of rubbish. Yes, England have been hammered by India and defeat in Mumbai was their seventh Test loss of 2016. A further setback during the fifth [...]
Designer exports from the capital set to soar on the back of London Fashion Week September 19, 2016 London's high-end fashion brands are in high demand – and London Fashion Week is expected to boost exports even further. According to the Department of International Trade, the sales of UK designer clothes have grown by 20 per cent in the last decade and are now worth between £2.5bn and £2.9bn. As a whole, the UK [...]
Accio investors: Bloomsbury shares up as Harry Potter enchantment continues October 27, 2016 Harry Potter continues to be the boy who lives (up to expectations) for Bloomsbury Publishing. Nearly 20 years after the company first published JK Rowling’s Philosopher’s Stone, the series continues to do the business for Bloomsbury. Total revenues in the six months to 31 August were up 19 per cent year-on-year, from £52.7m to £62.7m. [...]
Brent crude oil price hits one year high of $53.50 boosted by Opec production cut deal optimism October 10, 2016 The price of Brent crude oil hit a one-year high this afternoon, rising to $53.50 a barrel. Brent crude oil price over the past 12 months (Source: Bloomberg) The price of US benchmark West Texas Intermediate (WTI) was also trading up, rising by 2.6 per cent to $51.11 a barrel this afternoon – a four month high. [...]
President Xi loves football, but China’s spending spree won’t last long says ex-Manchester City man Sun Jihai January 9, 2017 Premier League clubs need not worry about losing their best players to the China, says former Manchester City defender Sun Jihai who predicts a slowdown in spending from the emerging football power. Chinese teams’ spending has exploded as some of the country’s richest men acquired football clubs in the wake of President Xi Jinping revealing [...]
Sam Sunderland interview: Britain’s first winner of the Dakar Rally talks sun, sand and… cows January 31, 2017 After multiple broken bones and two previous disappointments, Britain’s first ever winner of the Dakar Rally never imagined his high-speed dreams would be ended by something as sedate as a cow. But Sam Sunderland, who took the title in the motorbike division of the iconic race earlier this month, recalls how a blundering bovine nearly [...]