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 floats plan to use drones to deliver packages December 2, 2013 AMAZON is preparing to make next-day delivery obsolete by using unmanned aerial vehicles, or drones, in an audacious plan to introduce 30-minute home delivery. The online retailer hopes to revolutionise online shopping by delivering directly from its warehouses to customers’ homes using autonomous drones that can carry small packages weighing up to five pounds (2.3kg). [...]
7Digital agrees £1m deal with BlackBerry to keep the music August 14, 2014 Online music group 7Digital has signed a deal with struggling smartphone maker BlackBerry to provide music services for the group for the next year, just a month after its recently floated shares stumbled upon BlackBerry’s decision to close its music and video offerings. 7Digital’s share price halved in June after its largest customer announced it [...]
Amazon’s best selling products of all time October 14, 2013 Amazon, the online mega retailer, has published a bumper list of entertainment best sellers. We've got as much as we can fit of the 15 years worth of data below. Overall Fastest Selling Product Fastest selling product of all time Harry Potter and the Deathly Hallows (physical book) Fastest Selling Product by Category Fastest selling [...]
Autumn Statement 2014: Stamp duty, business rates, banking profits and tech firm taxes. How has industry responded? December 3, 2014 There were a number of surprises in George Osborne's final Autumn Statement before the general election, many of which are solidly aimed at middle class voters. Bankers taxes are being limited, multinational tech firms are going to have to pay more taxes and stamp duty slabs have been scrapped. The squeezed middle and chattering [...]
Royal Mail chairman: Bike deliveries are now thing of the past July 24, 2014 Royal Mail's message to posties at today's AGM? Off your bikes! Chairman Donald Brydon has told shareholders that bike deliveries for Royal Mail will now be a thing of the past, as they're not considered efficient for modern parcel sizes. Shareholders voted through all resolutions at the AGM with at least 90 per cent approval, [...]
New York Report: Biotechs help to lift Wall St August 13, 2014 US STOCKS ended higher yesterday as surging biotech shares helped investors shrug off disappointing retail sales data. The Dow Jones industrial average rose 91.13 points, or 0.55 per cent, to close at 16,651.67. The S&P 500 was up 12.97 points, or 0.67 per cent, to close at 1,946.72. The Nasdaq Composite added 44.88 points, or [...]
Banks boost Alibaba’s float to record $25bn September 22, 2014 ALIBABA’S underwriters have issued additional shares following its float on Friday, bringing the total funds raised to about $25bn (£15.3bn) and making it the largest initial public offering (IPO) in history. The move to exercise what is known as the “green shoe” option as part of Alibaba’s initial public offering was widely expected if its [...]
Carnage on the trading floor as FTSE dives 2.8pc – London Report October 15, 2014 BRITAIN’S top share index yesterday plummeted to a 15-month low, with cyclical stocks such as commodities and banks falling on fears of weakening global growth and drugmakers slipping on AbbVie’s decision to reconsider its $55bn (£34.5bn) takeover of British rival Shire. The FTSE 100 ended 181.04 points, or 2.8 per cent lower at 6,211.64, the [...]
Hailo taxi app unveils new features and teams up with futurologists October 23, 2014 Taxi app Hailo has teamed up with futurologists to give an insight into the future of cities as well as launching two new features. The new features are intended to help Hailo adapt to an increasingly competitive taxi market and avoid another inglorious exit from a major market. Pay Hailo lets the user connect to [...]