After the Nvidelity comes the Huangover. Jensen Huang joins long list who confused boardroom and bedroom
Minerva back in black after values soar September 21, 2010 MINERVA, London’s second largest property developer, has swung back into profit following a difficult year in which it fought off a take-over attempt by its largest shareholder. The company – which recently completed its iconic Walbrook development opposite Cannon Street – announced profit after tax of £69.1m for the year to 30 June, a massive [...]
Second time lucky for Cairn as it strikes oil off Greenland September 21, 2010 OIL explorer Cairn Energy said yesterday it has hit oil off the coast of Greenland, sending shares up 2.3 per cent to 436.5p. Cairn disappointed investors last month when its first well in Greenland produced only a small amount of gas, but its most recent work in Baffin Bay has found evidence of a larger [...]
Minerva September 21, 2010 TENANTS should be banging Minerva’s door down. Its futuristic Walbrook development, which boasts 440,000 square feet, is one of the only buildings capable of housing a large tenant within the Square Mile. But it has lost out on some important signings – BlackRock went to Songbird’s Drapers Gardens while Macquarie signed a lease at British [...]
UniCredit CEO resigns after Libyan crisis September 21, 2010 UniCredit chief executive Alessandro Profumo resigned yesterday, his high-flying tenure at Italy’s biggest bank halted by a row over Libyan shareholders and lagging results. Profumo, Europe’s longest-serving bank chief, had steered UniCredit’s rise from a regional bank to a pan-European player with operations in 22 countries. Analysts say his departure could leave Italy’s most international [...]
Airlines set for higher profits September 21, 2010 THE WORLD’S airlines are set to make an $8.9bn (£5.7bn) profit this year, according to sharply revised figures from the International Air Transport Association (IATA). Stronger-than-expected recovery within the commercial aviation sector has pushed the leading industry body to up its profits forecast for 2010 from June, when it said the sector would post just [...]
Industry: Network Rail needs to be split and sold September 21, 2010 NETWORK RAIL should be split up and sold off to help raise cash for the Treasury, while train operators should be handed more power, according to new proposals by an industry body. A paper issued by the Association of Train Operating Companies (ATOC) to Sir Roy McNulty, who is conducting a value for money review [...]
Gold could hit $1,500 by year end September 21, 2010 GOLD prices could reach a record $1,500 an ounce by the end of the year, analysts predict. “With the break of the previous all-time high at $1,265 last week the next target looks set to be the $1,300 level, and given the fact that demand is set to remain pretty robust a move towards $1,500 [...]
Birmingham council looks to sell assets September 21, 2010 BIRMINGHAM council leaders are in talks with Middle East sovereign funds, hoping to plug a budget hole by selling a number of trophy assets owned by the city. The council is looking for ways to fund big capital projects at a time when the coalition government is demanding deep spending cuts. Town halls around the [...]
Tube unions to meet with LU to avert strikes September 21, 2010 TUBE union bosses are meeting London Underground (LU) management this morning with hopes of putting a bitter dispute over job cuts and the possibility of another set of strikes behind them. RMT and the Transport Salaried Staffs’ Association (TSSA) will meet LU at conciliation service Acas in a bid to halt planned strikes for October [...]
Rents in New Bond Street top euro list September 21, 2010 NEW Bond Street has taken over from the Champs-Elysées as the most expensive shopping location in Europe, according to a survey. Rents also grew faster there over the last year than on any other shopping street in the world. They soared 19.4 per cent to £536 ($836) per square foot over the last 12 months, [...]