City AM (430)

All of these are swanky snacks, but which one is Lord of the Pies?

MARKS & SPENCER √ʬė¬Ö√ʬė¬Ö√ʬė¬Ö√ʬė¬Ü√ʬė¬Ü These citrusy circles topped with pastry stars are so packed with juicy currents, they could be one of your five a day . Zesty orange flavours spice up an otherwise traditional, thick crust pie that won’t upset your nan. ¬£2.50 for six TOM’S ...

Beware Bitcoin√ʬĬôs bite -crypto-currency futures could be a deadly investment

Deutsche Bank has raised serious concerns about the risk posed to the global financial system by Bitcoin. It’s not the first to red flag the crypto-currency and warn investors that it is a potentially dangerous financial instrument to get involved with. Others have warned about the dangers of ...

European fintech startup iZettle has raised √ʬā¬¨40m ahead of a potential IPO

One of Europe's most highly funded fintechs¬†used by¬†shops, stalls and small businesses across Britain has landed fresh funding from investors ahead of a potential IPO. Payments startup iZettle has raised €40m¬†, led by long-term backer Dawn Capital¬†and Sweden's multibillion ...

Carillion has sold a chunk of its healthcare business for √ā¬£48m

Troubled construction giant Carillion has sold a large part of its healthcare facilities management arm in a deal which will help to wipe more than £41m off its debt, it said today. The company said it had signed head of terms to sell contracts relating to 15 sites to Serco for £47.7m, subject to ...

Saudi tobacco tax to drag on BAT's growth

Taxes in Saudi Arabia and some surrounding countries are expected to weigh on British American Tobacco's growth this year, but this will be offset by vaping and tobacco-heating products. The Gulf Cooperation Council imposed a tax on tobacco and sugary drinks this year in an effort to make up lost ...

The dollar has held steady after Donald Trump's election blow

The dollar weakened only slightly overnight, despite Donald Trump being dealt a hefty blow in a US Senate vote. Although Trump had publicly supported Republican Roy Moore in the race to gain the US Senate seat for Alabama, Democrat Doug Jones won.  It will be the first time a Democrat has held the ...

How to buy a diamond

Buying a diamond is always exciting, whether it's for an engagement ring,¬†a pair of cufflinks or a watch¬†there is so much to consider. Whether you know your pave from your facets, our diamond expert Roland Noser tells all you need to know about investing in the world’s toughest stone. The ...

What you need to know before the open

Today's top story: Exclusive: Labour to meet Morgan Stanley after Corbyn's "threat" tweet Today's leader: Christmas consumers face an epic hangover Discussions over the EU withdrawal bill will continue today in parliament. Theresa May faces a possible today as Conservative MPs unite to force a ...

An international mindset and global ambitions:√ʬĬąMeet the Jellyfish founder

There is more than one way for a company to internationalise. Some forcefully divide and conquer, others take a more laid-back approach. Rob Pierre, who says he’s always wanted to be a “cool CEO”, has so far focused on an organic approach to expanding Jellyfish internationally. At ...

Good financial adviser/Bad financial adviser

Based on the number of notes I’ve written in the margins, the quantity of words I’ve underlined, and how often I pull it from the shelf, The Hard Thing About Hard Things by Ben Horowitz has my vote for the best business book. It contains an invaluable essay — 'Good Product ...

Waitrose's Christmas community spirit advert still packs a punch

Earlier¬†this year, Waitrose slipped below German discounter Lidl in terms of market share. With the release of another large-scale Christmas advert – created by the same agency responsible for John Lewis’ Moz the Monster campaign – the British brand will be hoping its festive ...

Christmas consumers face an epic hangover

Britain's inability to deal with a little snow may have kept shoppers from the high street this week, but Kantar Worldpanel and Nielsen have suggested that despite the weather, we’re gearing up to a cracker of a Christmas for retailers. For those who like to avoid the crowds, be warned: 22 ...

City Moves for 13 December 2017 - who's switching jobs?

Today's City Moves cover equities, business technology and investments. Take a look at these movers and shakers: Peel Hunt Peel Hunt, the independent corporate broking, advisory and trading house focused on UK mid- and small-caps, is pleased to announce the appointment of Harry Nicholas to the role ...

MPs urge government to keep close relationship with Euratom post-Brexit

The government should “as a matter of urgency” seek to retain as close as possible an association with Euratom following Brexit, a committee of MPs will today urge. The Business, Energy and Industrial Strategy committee will today warn the government¬†not put¬†the benefits of the Euratom ...

DEBATE: Should the Bank of England move from London to Birmingham?

Should the Bank of England move from London to another city such as Birmingham? Graham Turner, economist at GFC Economics and author of the Labour party’s interim report into the UK’s financial system, says YES. A disproportionate number of the UK’s fastest growing technology ...

Debunking the myths around tax-efficient investing

Tax-efficient investing is a poorly understood market. This was evident in a recent poll of 2,200 people by national financial planning firm Fairstone, which found that just eight per cent of people are aware of venture capital trusts , and a tiny four per cent are aware of the enterprise ...

Spot the symptoms, stay sane, and run from the bitcoin bubble

At the time of writing, the price of bitcoin is almost $17,000. In April, it was $1,000, which means that if you had bought then, you would have made more than seventeen times your investment. Not bad. But, if you’d got in a little earlier, say in January 2016, you would have made over ...

Companies that bow to the social media mob are living in the wrong century

Pizza Hut is the latest addition to the list of companies grovelling to criticism on social media. The restaurant chain tweeted an apology for running a promotion in the Sun newspaper. A few weeks ago, Paperchase said that it would not place any more marketing campaigns with the Daily Mail after ...

When, where, and how to take your firm global

Remainers and Brexiteers – from Tony Blair to Nigel Farage – acknowledge that leaving the European Union means we’ll have to upgrade our relationships with other parts of the world. With expansion comes opportunity, but entrepreneurs aren’t buccaneers. When the best business ...

No matter the question we ask our Leap 100 firms, the answer is Brexit

Last year, Brexit meant Brexit, we were told. It was red, white or blue – sometimes black or grey, often hard or soft, depending on who you asked. This year hasn’t been much better. While the government has been thrashing out the details in Brussels, the opposition remains taciturn, in a ...

US tax code changes could give unexpected boost to City

Donald Trump’s proposed changes to the US tax code could result in London regaining its attractiveness for those working in the financial services, according to one of the former architects of Brexit. The Tax Reform Bill – although being criticised as a boon to the rich – could ...

Venezuela's ironic cryptocurrency distraction: the flaws of the Petro

Last¬†week Venezuela’s Maduro regime vowed to finally put an end to the nation’s economic woes by creating a sovereign cryptocurrency, the Petro. Falling oil prices coupled with years of corruption and economic mismanagement have created a toxic mixture of soaring inflation, rampant ...

Leading think tank calls for half of new homes to be reserved for Britons

A leading¬†think tank has suggested half of homes on¬†new property developments should be reserved for UK residents. In a report published today for the Centre for Policy Studies, Croydon South MP Chris Philp argues that younger people are being “squeezed out of the market” by buy to let ...

From naughty to nice: 30 years of Christmas in the City

I recently met up with an old friend that I hadn’t seen in over 30 years. “I’m fat and bald now”, I warned him. Unfortunately, when we met up, he agreed. As we talked, we pondered everything else that had changed. I found myself recalling my first Christmas in the City. It ...

Exclusive: Labour to meet Morgan Stanley after Corbyn's 'threat' tweet

Labour is seeking an audience with banking giant Morgan Stanley less than a fortnight after leader Jeremy Corbyn warned that his party was a “threat” to the investment bank. Shadow City minister Jonathan Reynolds is meeting one of Morgan Stanley’s most senior figures in the next ...

Conte heaps praise on oft-criticised midfielder Bakayoko

Chelsea head coach Antonio Conte heaped praise on Tiemoue Bakayoko after the £40m midfielder went some way to silencing his critics as the Blues returned to winning ways at Huddersfield. Bakayoko, who was hauled off at half-time as Chelsea lost at West Ham on Saturday, opened the scoring, while ...

Hodgson: Palace still have mountain to climb to survive

Revitalised Crystal Palace escaped the Premier League relegation zone for the first time this season after two last-gasp strikes earned a vital 2-1 victory over a stalling Watford last night. The Eagles were meandering towards defeat following Daryl Janmaat’s first-half goal, only for Tom ...

No deal: Noel Edmonds' offer to accept √ā¬£10m compensation refused by Lloyds

TV star Noel Edmonds offered to accept £10m in compensation from Lloyds Banking Group in relation to the HBOS scandal, a fraction of the £300m he was originally seeking, City A.M. has learned. However the bank rejected this sum during a mediation process last month and came back with a much ...

Uber's woes continue as York refuses to renew its operating licence

Uber has tonight suffered another defeat, as York City Council refused to renew the ride-hailing app's licence to operate in the city. A spokesperson for the council cited "concerns about a data breach currently under investigation and the number of complaints received". York has followed the lead ...

Chris Tremlett: I fear another 5-0 if England lose in Perth

Given they are 2-0 down, low on confidence, contending with niggly off-field distractions and set to play at the Waca which history suggests is not a happy hunting ground – I’m not particularly confident about England’s chances in the third Test. I also fear that if England lose in ...

Why 'toning up' should be struck from your list of health goals

With 2018 rapidly approaching, this is the time of year people start to think about getting in shape and burning off the calories piled on over Christmas. The reason so many fail is that they don’t really understand what their goals are, which means the hard work and sacrifices don’t ...

Tesco directors were 'bullying', court told as trial draws to close

Three former Tesco directors have been called "bullies" in court as their trial for fraud and false accounting draws to a close. Former Tesco UK managing director Christopher Bush, former commercial director for food John Scouler, and former finance director Carl Rogberg were today described as the ...

Pirc says abstain on LSE 'governance crisis' vote but Qatar backs chairman

An influential investment group has accused London Stock Exchange chairman Donald Brydon of presiding over a "governance crisis" as it recommended shareholders abstain on a crucial vote on his future. The Pensions and Investment Research Consultants this evening said: "The board’s ...

Tyson Fury free to return to boxing after accepting backdated doping ban

Former heavyweight champion of the world Tyson Fury has said he is ready to regain his titles in 2018 after being cleared to box again by UK Anti-Doping . After a lengthy legal tussle, Fury and cousin Hughie agreed to accept a backdated two-year doping ban from the organisation for ingesting a ...

Why England's Waca record can be overcome

England are without a win at Perth’s Waca Ground since 1978, but there are reasons for hope ahead of the final Ashes Test at the infamous venue. The Waca is no longer guaranteed to produce a fearsome surface Once widely considered to be the fastest wicket in the world, a playground for pace ...

This bank is using artificial intelligence to help, not replace traders

ING has introduced a new tool to help its traders that's powered by artificial intelligence in the latest fintech move for the dutch bank. Rather than replacing a human, the bot is designed to help them make better investment decisions, predicting the best bond prices when they're being bought and ...

Tyson Fury free to return to boxing after accepting backdated doping ban

Former heavyweight champion of the world Tyson Fury has said he is ready to regain his titles in 2018 after being cleared to box again by UK Anti-Doping . After a lengthy legal tussle, Fury and cousin Hughie agreed to accept a backdated two-year doping ban by the organisation for using a banned ...

Gas prices soar after a deadly explosion at an Austrian pipeline hub

An deadly explosion at a major gas pipeline hub in Austria today caused the UK's natural gas prices to spike. The Beaumgarten site in Austria pumps gas throughout Europe from Russia. Gas Connect Austria, the operator, said the site had been shut down, and the fire brigade said one person had been ...

ING chief exec: I'm yet to be convinced by cryptocurrencies

Ralph Hamers has said there isn't yet enough detail behind what's caused the unprecedented rise in value of cryptocurrencies such as bitcoin and ethereum. The ING chief executive was speaking to tech leadership platform Hot Topics during Money 20/20, a financial and technology event. He said: ...

Pochettino: Spurs can cope with Alderweireld setback

Tottenham boss Mauricio Pochettino insists he has the depth of talent at his disposal to cope with the blow of losing Toby Alderweireld after the influential centre-half suffered a setback in his recovery from a hamstring injury. Alderweireld, who incurred the injury during the first half of ...

Guardiola hits back at Mourinho as Milkgate row rumbles on

Manchester City manager Pep Guardiola has hit back at Manchester United boss Jose Mourinho over the “Milkgate” fracas that followed Sunday’s stormy derby between the Premier League title rivals. Both teams could yet face punishment from the Football Association for a melee that ...

Banks will be forced to publish data on their current account services

High street banks will be forced to publish more information on their current account services to help customers to compare providers more easily under new rules outlined by the Financial Conduct Authority . The new rules will force all providers of personal or business current accounts to publish ...

Disruption caused by fire at London Waterloo will continue this evening

Severe delays caused by a line side fire at London Waterloo yesterday will continue today, National Rail has confirmed.  The blaze caused significant train stock displacement across the whole South Western Railway network, meaning this morning's train services may be cancelled, delayed, revised ...

Ireland-based Ryanair pilots to strike in run-up to Christmas

Around half of Ireland-based Ryanair pilots are set to strike on 20 December in a dispute over workers' rights.

Davis attempts to smooth ruffled EU feathers after Brexit misspeak

Upate: David Davis has taken to Twitter to stress the importance of last week's joint agreement on Brexit, saying he will work with his EU counterparts to "get it converted into legal text as soon as possible". The Brexit secretary - who rarely uses the social media platform - was speaking after it ...

Cook issues England with warning for third Ashes Test

Former England captain Alastair Cook has told team-mates that they face the most significant match of their careers in the third Ashes Test, which starts in Perth on Thursday. England trail 2-0 after a pair of resounding defeats, meaning they must avoid an eighth consecutive loss at the Waca if they ...

Bitcoin is not causing a 'mass exodus' from gold, Goldman Sachs says

Bitcoin's meteoric rise this year has not stifled demand for gold, Goldman Sachs has argued. Commodities investors have feared bitcoin's rocketing value would take the shine off gold, but Goldman said investors in gold and bitcoin had key differences. For one, gold investors who use ...

Saudi sell-off puts a lot at stake

Oil is getting more expensive. The price of crude recently jumped after OPEC agreed to extend the production initially agreed in November 2016. Having fallen to $29.64 dpb in January 2016, it now looks settled at round about $50-60. It’s vital for the global economy that the price of ...

Qatar puts weight behind LSE chairman in battle with investor

The Qatar Investment Authority will back the chairman of the London Stock Exchange in a vote next week on removing him, dealing a significant blow to the efforts of the activist hedge fund behind the campaign. The Children’s Investment fund, led by Sir Chris Hohn, wants LSE chair Donald Brydon ...

Bad news: Your office tea run is absolutely disgusting. Here's why

Think twice before warming up with a cup of tea in the office today, for new research has suggested office tea bags contain 17 times more microbes than the average toilet seat. The research by Initial Washroom Hygiene, which swabbed six average office kitchens, found the boxes containing tea bags ...