After the Nvidelity comes the Huangover. Jensen Huang joins long list who confused boardroom and bedroom
Hyder Consulting chief Ivor Catto set for windfall after £288m Arcadis takeover August 21, 2014 The chief executive of British engineering firm Hyder Consulting is in line for a £1.24m windfall after the firm agreed a £288m cash takeover offer from Dutch rival Arcadis. Hyder, which helped design London’s Tower Bridge and Sydney’s Harbour Bridge, said it had accepted a 730p per share bid from engineering group Arcadis. [...]
Central Line & Waterloo and City Tube strike chaos August 21, 2014 Transport disruption will hit the capital again today as train drivers on both the Central Line and the Waterloo and City Line strike in protest over: “management’s refusal to treat drivers with the respect and dignity they deserve”. The Aslef transport union intends the industrial action to last 24 hours with a further one-day strike [...]
Phoenix rises and sets sights on £100bn of UK acquisition opportunities August 21, 2014 Insurer Phoenix is understood to be looking at £100bn worth of potential acquisition opportunities in the UK, following a promising set of half-year results announced yesterday. The group is also seeking an investment-grade credit rating that it expects will reduce the cost of its debt by around 50 basis points and give it access [...]
US says Islamic State must be defeated soon August 21, 2014 ISLAMIC State militants represent a major threat to the US that may surpass that once posed by al-Qaeda, US military leaders said yesterday. “This is an organisation that has an apocalyptic, end-of-days strategic vision and which will eventually have to be defeated,” said chairman of the US Joint Chiefs of Staff, General Martin Dempsey speaking [...]
Borrowing blues adds to concern on fiscal targets August 21, 2014 Government borrowing fell during July, according to figures released yesterday, but questions about whether the government would meet its current fiscal targets still remained. Public borrowing fell to £0.8m in July this year, cut from £1.6bn in the same month last year, when one-off interventions were removed. However, in the first four months of the [...]
Fastest growth since 2010 seen by US factories August 21, 2014 US MANUFACTURING is currently enjoying a growth spurt, with the fastest expansion in four years this month, according to a private survey released yesterday. Markit’s purchasing managers’ index (PMI) figures for August came in at 58, the highest reading since 2010. Any score about 50 indicates growth, and higher readings suggest particularly rapid expansions. Some [...]
Food spending falls for first time in 25 years as supermarkets wage price wars August 21, 2014 Spending on groceries has fallen for the first time since records began 25 years ago, laying bare the challenges facing Britain’s supermarkets in winning over cash-strapped shoppers. The amount spent in food stores fell 1.3 per cent in July compared with the same time last year, according to the Office for National Statistics, which put [...]
Quindell suffers – despite profits quadrupling August 21, 2014 Quindell, the Aim-listed insurance firm whose shares plummeted 60 per cent in April following a scathing blog post by US short seller Gotham City Research, came out fighting yesterday when it reported an 119 per cent increase in half-year revenue. Despite the bullish results, Quindell’s shares still fell 12.4 per cent following the update to [...]
Quindell bosses may have delivered but trust is lost – Bottom Line August 21, 2014 Lots of reasons were bandied about yesterday as to why, despite an overwhelmingly positive set of results, Quindell’s shares were still hurting. One explanation put out by chairman Rob Terry was that short sellers were at work once again – indeed the City regulator currently records around 7.3 per cent of Quindell’s stock being shorted [...]
Carillion and Balfour Beatty deal off as deadline passes ending mega-merger – for now August 21, 2014 The 5pm deadline for Carillion to make an offer for Balfour Beatty passed yesterday not with a bang and barely a whisper. However, while the £3bn deal is dead for now, some analysts say it may not be buried. Commenting on BBC Radio Five Live’s Wake up to Money programme yesterday, Colin McLean of SVM Asset [...]