Final bids due today for web hosting company Host Europe as global rivals close in November 21, 2016 Final bids for Host Europe, a London-based website hosting company, are due today. It’s understood that rivals from around the world are battling for control of the group, with US internet provider GoDaddy and Germany’s United Internet – teamed up with teamed up with private equity firm Warburg Pincus – leading the running. Bankers have [...]
City A.M. Unregulated podcast: Property entrepreneur Rob Moore on the joys of being disruptive August 8, 2016 Uber's Travis Kalanick has done it. Amazon's Jeff Bezos did it two decades ago. Tesla's Elon Musk does it on a regular basis. This week property entrepreneur Rob Moore, host of the Disruptive Entrepreneur podcast, takes on the topic of disruption. He tells us the story of his failure and subsequent success – and why despite everything, [...]
Deliveroo denies data hack November 23, 2016 Deliveroo has been forced to deny that it has been targeted by hackers after an investigation found some customers were charged for food they had not ordered. A probe by the BBC's Watchdog show due to be shown tonight, found several examples of customers who were billed hundreds of pounds for food deliveries they did not [...]
John Lewis just had the biggest week in its trading history with nearly £200m in sales thanks to Black Friday November 29, 2016 The jury may be out on the winner of the Christmas ad battle, but John Lewis has other reasons for festive cheer. The retailer has just revealed sales of £199.8m, up 6.5 per cent year-on-year, for the week up to 26 November. Spurred on by Black Friday and its price matching efforts on the "Never [...]
Top tech firms have formed an AI supergroup to make sure robots are good September 29, 2016 The world's top tech firms, including Google's DeepMind, Facebook and Amazon, have formed the tech equivalent of a musical supergroup, joining forces to ensure the ethical development of artificial intelligence and "advance public understanding" of the technology which is increasingly working its way into our lives. The group, Partnership on AI, will connect academics, policy experts, and non-profits [...]
Inside the lavish £3.9m apartments at Regent’s Park’s refurbished Park Crescent September 12, 2016 It's not often you get a chance to own a slice of London's architectural history. But with refurbishment on one of the capital's most iconic addresses complete, apartments have gone on sale – and you can buy one, for a cool £3.9m. Park Crescent, overlooking Regent's Park, was designed by architect John Nash (of Buckingham Palace and [...]
Eight years after the collapse of Lehman Brothers, FutureBrand’s Tom Adams says that perceptions of banks’ brands are improving September 19, 2016 Eight years after the collapse of Lehman Brothers, FutureBrand’s global head of strategy Tom Adams reflects on how the public perceives financial services organisations. In 2014, when his global brand consultancy first began polling professionals in 17 countries to see how they perceived the firms in PwC’s list of global top 100 companies by market capitalisation, [...]
British Gas is blaming ultra high definition 4K TVs for adding £82m to energy bills by 2019 December 13, 2016 They may be turning into a must-have item, but energy inefficient 4K TVs are set to add £82m to UK consumers’ electricity bills by 2019, British Gas has warned. The ultra high definition (HD) TV sets have this year single-handedly caused the first rise in household energy bills from watching TV since 2011, preliminary findings [...]
The internet is down in large parts of the US October 21, 2016 The internet is down across large parts of the US today, with the East Coast in particular being badly affected, and many are unable to access major websites like Twitter or Reddit – no word yet on whether they can access City A.M. The problems are said to be connected to DNS (Domain Name Servers) hosts. [...]
Alibaba’s shares are on a tear after a huge revenue jump August 11, 2016 Alibaba certainly isn't feeling the effects of the Chinese slowdown just yet. Shares in Alibaba – the world's largest retailer – have climbed by almost six per cent in the US pre-market after it posted revenue far ahead of expectations. Alibaba's shares were already up around seven per cent so far this year. A rise in revenue was bolstered [...]