After the Nvidelity comes the Huangover. Jensen Huang joins long list who confused boardroom and bedroom
UK property prices: Mortgage approvals fall as cooling measures take their toll August 26, 2014 Mortgage approvals fell in June as cooling measures introduced by the Bank of England took effect, figures by the British Bankers' Association (BBA) showed on Tuesday. The number of mortgages doled out fell to just under 42,800, from 43,200 in June. Gross mortgage borrowing also fell to £10.9bn in July from £11.1bn in June. But [...]
Islamic State in Syria: Obama authorises surveillance flights August 26, 2014 US President Barack Obama has authorised the use of surveillance flights to monitor the activities of Islamic State (IS) in Syria. The news came from a senior US administration official who spoke to the AP news agency on condition of anonymity. According to the Wall Street Journal, the US Central Command overseeing American [...]
Turning it on: 2 per cent of men shop online while having sex August 26, 2014 Despite weakening retail sales, we are well established as a nation of shopaholics – but a new survey suggests we are taking our addiction to new extremes, with 2 per cent of men apparently shopping online during sex. Women are also at it – although not quite as regularly – with one in 100 [...]
209-year-old Swiss bank Pictet publishes results for the first time August 26, 2014 Pictet, one of Switzerland's oldest banks, published first-half results for the first time in its 209-year history on Tuesday. The figures showed an operating income of CHF 975m (£642m) in the six months to the end of June, and a consolidated profit of CHF 203m (£134m). Although it did not publish data from previous periods [...]
Telecity share price dives as chief executive Michael Tobin resigns August 26, 2014 Shares in data centre provider Telecity plunged as much as 5 per cent in early trading on Tuesday after Michael Tobin, its outspoken chief executive, resigned. In a statement to the stock exchange ahead of a trading statement due on Friday, Tobin said it was "time to move on". Having led the company for over [...]
Fujifilm share price soars as Ebola treatment gets green light August 26, 2014 The Japanese health ministry has made Fujifilm's experimental anti-flu drug available for use on Ebola patients. Favipiravir, which was developed by Fujifilm subsidiary Toyama Chemical Co., was approved as a treatment for influenza by Japan's health ministry in March. Whether it will be effective against Ebola is not yet certain, but company spokesman [...]
WPP share price rises as it reports profits ahead of forecast – but it’s been “ravaged” by strong pound August 26, 2014 WPP has reported a 1.5 per cent rise in headline pre-tax profits to £532m in the first half of the year, slightly ahead of forecasts. Taking into consideration currency differences, pre-tax profit grew 15 per cent as the world’s largest advertising group felt the effects of a strong pound. Reported revenue was up 2.7 per cent [...]
Carve Tesco into three, says former director August 26, 2014 A former Tesco executive has called for the business to be radically restructured by its incoming boss, creating three separate entities. Bruno Monteyne, an analyst at Bernstein Research and previously Tesco.com's development director, has argued that carving the supermarket up could be the only way to halt its decline. He suggests dividing it [...]
Redundancies loom at Time Warner August 26, 2014 Time Warner is expected to announce 550 job cuts this week at its Turner arm, which includes the likes of CNN and Cartoon Network, according to reports. CNN and its spin-off HLN are expected to bear the brunt of the cuts, with The Wrap saying "a couple of hundred" redundancies were expected at both, [...]
Easy money pushes S&P 500 index over 2,000 for first time August 26, 2014 US shares hit a record high yesterday, with the S&P 500 index breaking the 2,000-point mark during trading for the first time in its history. Global investors have piled into American stocks, pumped up by cheap money from central banks, and fleeing troubled economies in areas like the Eurozone and the wavering emerging markets. Federal [...]