DEBATE: As the future of cashless payment looms closer, is it time to scrap 1p and 2p coins? March 15, 2018 As the future of cashless payment looms closer, is it time to scrap 1p and 2p coins? Abhijit Deb, head of banking & financial services (UK and Ireland) at Cognizant, says YES. There is no doubt that we have seen huge swathes of the British public already gravitate towards cashless payments. Every day we see [...]
As the cryptocurrency booms, fear of a bitcoin bubble is not the only trouble December 7, 2017 Two baffling B-words dominate both boardroom and dining table conversations these days – Brexit and bitcoin. While the former is marred by talk of lack of progress, the latter is seemingly unstoppable. Bitcoin prices hit nearly $13,000 (£9,700) yesterday in a fresh record. The price surge is thanks to a flurry of investors jumping on [...]
Ronald McDonald is the most tragic victim of the UK’s killer clown craze October 12, 2016 The so-called killer clown epidemic has claimed its latest victim: Ronald McDonald. McDonald's may be creating jobs – but its red-haired mascot is "keeping a low profile" after reports of pranksters dressed as clowns and wielding weapons around the UK increased. ITV reported that McDonald's had said it was "being thoughtful in respect to Ronald McDonald's [...]
McDonald’s shares jump after more strong sales (despite killer clown craze) October 21, 2016 It looks like all McDonald's needed was a bit of wisdom from Watford man Steve Easterbrook. The fast food giant has just posted its fifth straight quarter of rising sales. The figures Global sales rose 3.5 per cent in the three months to the end of September, it said it an update today, pushed up by a 1.3 [...]
Crossrail 2 faces timing crunch as government plans independent funding and financing review December 20, 2017 The planned timeline for Crossrail 2 could be pushed off track by a fresh funding hurdle as the Department for Transport (DfT) plans an independent financing review for the £31bn project. London mayor Sadiq Khan met transport secretary Chris Grayling this month for further talks regarding the railway which would serve stations throughout the south [...]
EU competition chief Margarethe Vestager welcomes “renewed” antitrust debate in Washington November 2, 2017 There is a “renewed debate” on antitrust issues in Washington, according Europe’s top competition chief Margarethe Vestager. The head of the EU competition watchdog who has made several rulings in regard to US tech giants this year said she has noticed the change on both sides of the political divide, with democrats tabling new proposals [...]
Are markets too complacent about the US economy? January 3, 2018 The status of the US as the world’s most dynamic and important single country economy remains intact, not least among investors. Its strengths are now very much reflected in financial market valuations. This is evident in stocks, with the US having been at the vanguard of a multi-year bull run, while bond yields have reached [...]
Grind coffee bars and restaurants founder David Abrahamovitch talks Instagram, airports, and the City May 1, 2018 Since the company’s inception in 2011, Grind coffee shops and restaurants have captured the imagination of London’s millennials as a place to eat, party and Instagram. Now the brand is set to expand beyond the capital in a deal with travel food operator SSP. City A.M. caught up with Grind’s founder and chief executive David [...]
Forget the Night Tube: Night Overground services start in east London on 15 December between New Cross Gate and Dalston Junction November 20, 2017 We heard back in July that Night Tube services were coming to the Overground, and now we have an official date. Night Overground services kick off in east London on Friday 15 December, with 24-hour services operating on Friday and Saturday nights on the London Overground between New Cross Gate and Dalston Junction, extending to [...]
Marks and Spencer (LON:MKS) share price: Steve Rowe promises to “make M&S special again” as sales and profits slide while CFO Helen Weir steps down November 8, 2017 Marks and Spencer Group’s profits fell in the first half, as the retailer faced additional headwinds in its food business and continued the struggle to boost clothing sales. The group also confirmed reports that its chief financial officer, Helen Weir, will leave the company in due course. Shares in the company rose 3.5 per cent [...]