After the Nvidelity comes the Huangover. Jensen Huang joins long list who confused boardroom and bedroom
Kennedys makes unique move to open Miami arm September 23, 2010 CITY law firm Kennedys opened up its first office in America with the launch of a unit in Miami. The insurance specialist is set to open in the Floridian city at the start of next month in a bid to get closer to the firm’s Latin American and Caribbean clients. It will be the first [...]
AstraZeneca files thyroid cancer pill in both United States and European Union September 23, 2010 AN AstraZeneca pill that disappointed last year in treating lung cancer has now been submitted for regulatory approval as a treatment for thyroid cancer, offering the drugmaker a smaller sales opportunity. AstraZeneca said the US Food and Drug Administration (FDA) and the European Medicines Agency had accepted submissions for vandetanib. The FDA also granted priority [...]
CITY MOVES | WHO’S SWITCHING JOBS September 23, 2010 LCCI The London Chamber of Commerce and Industry has appointed British Airways boss Willie Walsh as its new president following an election at its annual meeting on Wednesday night. Walsh, 48, will serve for two years, until after the 2012 Olympics in London. He has been chief executive of BA since October 2005, having also [...]
BEST OF THE BROKERS September 23, 2010 WELLSTREAM Citigroup has downgraded its rating of Wellstream from “buy/high risk” to “hold/high risk” as the premium seems largely priced in and there is the potential for a takeover deal to not go through. The broker prefers to wait and see on what might happen with the British-based oil services company. DEBENHAMS Goldman Sachs has [...]
Mortgage approvals drop as housing market stalls September 23, 2010 The number of mortgages approved by banks for home buyers dropped in August for the third month in a row. Banks approved 31,767 home loans down from 34,219 in July, the British Bankers’ Association (BBA) said. The figures are another indication that the UK property market has stalled. A raft of data has shown that [...]
Eurozone manufacturing growth slows September 23, 2010 THE pace of growth in the eurozone’s services and manufacturing sectors slowed much more than expected this month, but surveys showed businesses were more optimistic about the future. Markit’s Eurozone Flash Services Purchasing Managers’ Index, made up of surveys of around 2,000 businesses ranging from banks to restaurants, slumped to 53.6 in September from 55.9 [...]
Canary Wharf owner Songbird in asset boost September 23, 2010 Songbird Estates, majority owner of London’s Canary Wharf, booked a six per cent rise in net asset value as demand for offices across the estate held firm against the government’s feeble economic outlook. The company, which counts the Qatar Investment Authority and China Investment Corp. among its largest shareholders, said the market value of its [...]
Mitchells & Butlers sees food sales soar September 23, 2010 Britain’s biggest pubs and restaurants group Mitchells & Butlers reported a 4.4 per cent increase in sales at outlets open for more than a year driven by a surge in demand for food. The company, which is re-shaping itself into a food-led business, said sales of food increased 7.1 per cent in the nine weeks [...]
Luminar trading in line despite drop in clubbers September 23, 2010 Britain’s biggest nightclub operator Luminar has seen further falls in revellers at its venues but is trading in line with forecasts it said. Trading in the half year to 26 August saw like-for-like sales during the period fell by 20.2 per cent. Admission revenue fell by 26.5 per cent with the number of clubbers entering [...]
The anti-business secretary September 22, 2010 It sounded like a speech from the opposition. Not a member of the government. He is secretary of state for business. This is exactly the sort of talk that frightens away foreign investment. Lord Myners, former Labour City minister He obviously feels he needs to pander to the more socialist elements among the Lib Dems. [...]