Police blame retailers as Black Friday descends into chaos November 28, 2014 The chief of Greater Manchester Police has blamed retailers after officers were called to seven Tesco stores across Greater Manchester to deal with crowds at Black Friday events. In a video posted to YouTube, Sir Peter Fahy said three people had been arrested – including one who threatened to "smash" a staff member's face in, [...]
The four most shocking things that happened in 2014 December 23, 2014 1. THE RUSSIA SAGA (Source: Getty) Russia flexed its muscles at the beginning of the year, taking the opportunity during the uprising in Ukraine to plant pro-Putin flags in the Crimea region, triggering a string of catastrophic events to unfold. And it’s likely we’re far from seeing the final act of this epic Russian novel play [...]
2015 ticks off to a good start January 28, 2015 Richemont’s finest came to SIHH with some horological humdingers Wandering the lofty, beige halls of the Salon International de la Haute Horlogerie (SIHH) inside Geneva Airport’s cavernous Palexpo complex – “probably the most luxurious trade fair in the world” – the seeming neutrality of its colour-scheme belies the horological hierarchy at play here. Unlike the [...]
Business is Booming for wine trader Bordeaux Index December 9, 2014 Bottle.opener@cityam.com While we’re toiling away at screens and desks day-dreaming about the Grand Cru we might open with friends on Saturday, Gary Boom lives that dream every day. He’s the former City broker who had a brainwave about the wine business after making his first fortune, and has turned it into Bordeaux Index, one of [...]
BG vote against £12m share award may make a Norwegian blue November 19, 2014 Desperate times call for desperate measures. How else to interpret the crude insinuation from BG Group that its newly anointed chief executive might not join if investors vote down a one-off share award worth £12m? The FTSE 100 oil producer certainly falls into the camp signposted “urgent need”, which explains why the lavish pay [...]
The year at City A.M.: Our most popular stories of 2014 December 31, 2014 With everything that has gone on in the last 12 months you might be forgiven the odd memory lapse. Here's our round-up of the stories that got you clicking in 2014. January It's hard to believe it was less than a year ago that French President Hollande was caught having a moped-based affair with actress [...]
Amazon could be opening physical store in New York in time for Christmas October 9, 2014 Amazon is entering a brave new world. In an unusual move for an online company, the retail powerhouse is reportedly setting up a shop. That’s right – a real, physical store that sits on the street and has its doors open to the public. It’ll never catch on. The Wall Street [...]
Which were the best and worst investments of 2014? December 22, 2014 This year low interest rates have seen investors who bet on traditional investments receive returns tantamount to chickenfeed. Perhaps we should have given up before we'd all even started? Perhaps not. Investors who plumped for chocolate, property, the US dollar and Aim-listed company Fitbug would have watched as their money practically grew on trees. Conversely, [...]
UK finance watchdog launches probe into Tesco’s profit debacle October 1, 2014 Tesco was put under further pressure yesterday after the Financial Conduct Authority (FCA) said it had launched a full investigation into the Tesco accounting scandal that had knocked £4bn off its market value. Britain’s biggest supermarket stunned the City after revealing last week that it had overstated first-half profits by £250m. The accounting error, which [...]
Cyber Monday UK 2014: A great day for online shoppers – and for internet crime November 30, 2014 Today is Cyber Monday, the busiest online shopping day in the retail calendar, as consumers continue to cash in on Black Friday discounts and get their Christmas orders in. With consumers expecting fast turnarounds of online purchases, retailers will no doubt be concerned about supply chains and channels to market – one wrong move could [...]