After the Nvidelity comes the Huangover. Jensen Huang joins long list who confused boardroom and bedroom
Government sets hard line on diversity March 7, 2010 COMPANIES may be forced to disclose the actions they take to increase the proportion of women in senior roles within their ranks, under new government proposals to be unveiled today. Ministers have called on the Financial Reporting Council to consider including a new clause in the UK corporate governance code, dedicated to improving disclosure around [...]
Glynn winning Ladbrokes race March 7, 2010 SPORTING Index chief executive Richard Glynn is said to be at the front of the race to take over betting agency Ladbrokes. He is understood to be the favoured candidate for the role although no decisions have been made. Other candidates vying for the role include Ladbrokes head of online John O’Reilly. Former Easyjet boss [...]
End of era for Johnston Press March 7, 2010 FREDDIE Johnston will finally step down from the board of Johnston Press, the company his family founded in 1767, after 51 years. The 75-year-old’s departure will mark the first time in 243 years there is no Johnston on the board. But the family legacy is not yet dead – his son Michael is divisional managing [...]
Government told to lay out deficit plans March 7, 2010 THE British Chamber of Commerce (BCC) has urged the government to come up with a credible plan for cutting the budget deficit or risk having the UK’s credit rating damaged. The BCC said the plan must include freezing the total public sector wage bill and bringing public pensions into line with the private sector. The [...]
Darling says he will resist public spending cuts March 7, 2010 ALISTAIR Darling has vowed to stick by his plans for the economy and resist calls from the business community to cut the deficit. The Chancellor said yesterday that the focus of Britain’s forthcoming budget would be on securing the recovery and growth, adding that Conservative plans for immediate cuts would pose “an unacceptable risk to [...]
CBI: Treasury must spell out fiscal strategy March 7, 2010 LABOUR must use the coming Budget to set out its spending plans in much greater detail to boost economic stability and confidence in the public finances, the Confederation for British Industry (CBI) will say today. In a letter sent last week to the chancellor Alistair Darling, the director general of the CBI Richard Lambert called [...]
WHAT IMPACT WILL POLITICAL UNCERTAINTY HAVE ON THE MARKETS? March 7, 2010 JONATHAN LOYNES | CAPITAL ECONOMICS “Even under a hung parliament, at least some form of additional plan to improve the fiscal position is likely to be forthcoming after the election. As and when fiscal worries finally ease, at least some of the current pressure on the pound should be relieved.” MICHAEL SAUNDERS| CITIGROUP “We doubt [...]
Lloyds close to sell-off of HBOS assets March 7, 2010 LLOYDS Banking Group is inching closer to a decision on the disposal of its HBOS Integrated Finance investment vehicle, over a year after the division was first put up for sale as part of a drive to manage down the bank’s balance sheet in the wake of the crisis. Lloyds is in discussions with a [...]
WPP is past the worst as it looks to World Cup for boost March 7, 2010 WPP is looking to the World Cup to kick start the weakend advertising industry. The advertising giant, headed by Sir Martin Sorrell, is hoping that the World Cup, Shanghai Expo, US mid-term elections and UK general election will give it a platform to crawl out of the advertising recession. The world’s biggest advertising firm last [...]
Tournament isn’t Holy Grail March 7, 2010 WPP hopes the World Cup will help prevent yet another annus horribilis for advertising. The signs are good; the advertising market will remain almost flat this year, a reversal from the steep declines seen in 2007 and 2008. This will be largely aided by a dramatic spike in revenue – as much as 16 per [...]