After the Nvidelity comes the Huangover. Jensen Huang joins long list who confused boardroom and bedroom
Staff at John Lewis set to receive 14pc bonuses March 7, 2010 STAFF at John Lewis Partnerships are set to share a bonus pool of £140m as the company outperformed during the second half of 2009. The bonus will work out at 14 per cent of an employee’s annual salary, or eight weeks pay for the 70,000 workers. The retail group is expected to announce a rise [...]
Toyota fights electronics claims March 7, 2010 Toyota is today set to fight claims of a potentially dangerous flaw in its electronic control systems with a technical demonstration. The Japanese firm is under pressure to back up its claims that electronic defects were not the cause of reported acceleration problems in Toyota cars. Henry Waxman, chairman of a congressional committee investigating Toyota, [...]
BP boss reaps bumper £4m pay March 7, 2010 Chief executive of BP, Tony Hayward, took home £4.01m in cash and shares last year despite a 45 per cent drop in the oil firm’s year-on-year profits. This equates to a 41 per cent rise on Hayward’s 2008 salary of £2.85m, according to the oil giant’s annual report. Byron Grote, BP’s chief financial officer, Andy [...]
The Tory who wants to empower parents and fight the bureaucrats March 7, 2010 TORY activists are a miserable bunch at the moment, and who can blame them? The polls suggest we are on course for a hung parliament, with their party struggling to land blows on a tired, unpopular government. And even if the Conservatives do emerge victorious, there is little in David Cameron’s policy cupboard for the [...]
Factory prices surge as costs rise March 5, 2010 THE price factories are charging for their products surged last month month as they passed on the rising cost of energy and raw materials. Prices jumped 4.1 per cent on the year last month compared with January’s 3.8 per cent, according to the Office for National Statistics (ONS). Core inflation is running at 3.5 per [...]
City workers turning to careers in teaching March 5, 2010 RECORD numbers of City workers are retrain as teachers in the wake of the financial crisis, new figures have shown. Data from the Government’s Training and Development Agency for Schools revealed that there has been a 23 per cent surge in the number of applicants to teacher training courses in London Luke Graham from the [...]
Iceland economy returns to growth after banking meltdown March 5, 2010 ICELAND’S economy grew by 3.3 per cent in the last quarter of 2009 but contracted by 6.51 per cent over the whole of last year, according to official data. The figures were released as the country was poised a referendum on plans to repay the UK and the Netherlands debts owed from the collapse of [...]
Port of London in worst trading for 18 years March 5, 2010 The Port of London had its worst year for trade since 1992 last year. Terminals handled 45.4m tonnes of cargo in 2009 – 14 per cent less than in 2008. The most significant decline was with containers and lorry trailers – which were down 16 per cent. Port of London Authority chief executive Richard Everitt, [...]
Glencore buys back mine from Xstrata March 5, 2010 SWISS-based commodity trader Glencore has bought back its Prodeco coal operations in Colombia from mining group Xstrata. The purchase price still has to be finalised as it is partly based on capital Xstrata spent on the mines and Prodeco’s earnings. Analysts estimate it will be around $2.5bn (£1.8bn). Xstrata chief executive Mick Davis said: “The [...]
M&B finance chief to join Rentokil March 5, 2010 THE finance director of pub group Mitchells & Butlers (M&B) is leaving to join Rentokil. Jeremy Townsend will leave to become chief financial officer of the pest control and parcel delivery goods group within six months. He took over as finance director of M&B in January 2008 M&B chief executive Adam Fowle said: “Jeremy has [...]