After the Nvidelity comes the Huangover. Jensen Huang joins long list who confused boardroom and bedroom
Hung parliament would be a disaster, says our City panel April 26, 2010 THE CITY fears a hung parliament will lead to a fall in the value of sterling, higher government borrowing costs and lower economic growth. The City A.M./PHI Panel, which has been specially recruited with Politics Home to represent a cross-section of London’s financial and business community, were to predict the economic impact of a hung parliament. [...]
Education heads back Tory plans to push for free schools April 26, 2010 A RAFT of school heads yesterday backed proposals by the Conservative Party to give state schools more autonomy within months of the general election, should the party secure a victory. Over 30 heads and governors signed a collective letter yesterday pledging their support for the Tories over plans to hand more power to high-performing state [...]
Hertz drives forward with growth plan April 26, 2010 CAR rental group Hertz yesterday agreed to buy smaller rival Dollar Thrifty for about $1.2bn in a deal that will make it the second-biggest US car rental company. Shares of Hertz, which also raised its earnings and revenue outlooks for 2010, rose as much as 18 per cent to touch a two-year high after the [...]
Start-ups secure funding as recovery kicks in April 26, 2010 For those of us on the ground building businesses, a new reality is emerging as the recovery sets in. Ariadne has won funding for five companies in 2010 including Everyclick, which has secured a hefty sum from new and existing investors. Why are so many start-ups getting funded – in our portfolio and elsewhere – [...]
European lawmakers eyeing tougher regulations for dark pool trading venues April 26, 2010 Dark pool trading venues may need more regulation to avoid harming public share prices for investors, European Union lawmakers said yesterday. Dark pools are trading venues that allow buyers and sellers of large stock orders to avoid revealing pre-trade information and signalling their intentions to the rest of the market. “The question is at what [...]
CITY VIEWS: WHAT WILL HAPPEN TO HOUSE PRICES OVER THE NEXT YEAR? April 26, 2010 GREG KERSCH | INVESCO PERPETUAL “House prices will rise gradually over the next year, although a lot depends on the election. Anything could happen if there is a hung parliament. Bankers’ bonuses are likely to have an effect on London’s house prices continuing to rise.” MATTHEW ROBSON | PREQIN “There’s certainly a lot of hope [...]
House price recovery set to continue April 26, 2010 ECONOMISTS are awaiting the latest data on house prices from Nationwide due this Thursday after property data company Hometrack yesterday said prices in England and Wales rose by an annual 1.8 per cent in April – their fastest pace of increase since January 2008. The City is watching for further signs of a strengthening housing [...]
US priority on protecting trade April 26, 2010 American officials yesterday welcomed a new study showing the importance of innovation to US economic growth and promised vigorous action to curb the huge international trade in fake and pirated goods. “The United States has long been acknowledged as a global leader in fostering innovation and improvements in technology,” deputy US trade representative Miriam Sapiro. [...]
Caterpillar beats expectations April 26, 2010 Caterpillar yesterday reported a stronger-than-expected quarterly profit and raised its full-year profit and sales forecasts, citing an improving global economy, especially in Asia and Latin America. The world’s largest maker of earth-moving equipment said it was seeing particularly robust orders from mining and energy companies.
Whirlpool sales create a stir April 26, 2010 Leading household appliance maker Whirlpool’s quarterly profit and full-year forecast trumped Wall Street estimates on strong sales in Brazil, Asia and North America, boosting its shares to an all-time high. Whirlpool, maker of Maytag and KitchenAid appliances, has benefited from its presence in fast-growing Latin American and Asian markets, fuelled by a growing middle class.