After the Nvidelity comes the Huangover. Jensen Huang joins long list who confused boardroom and bedroom
Hedge funds warn on disclosure plan March 2, 2010 THE HEDGE fund industry yesterday said plans to introduce a pan-European short-selling regime needed to be improved. Under a new scheme being recommended by the Committee of European Securities Regulators (CESR), a short position of 0.2 per cent or more must be disclosed to regulators. When the position reaches 0.5 per cent and thereafter it [...]
CITY VIEWS: DO YOU THINK A HUNG PARLIAMENT WILL HAVE AN IMPACT ON THE VALUE OF STERLING? March 2, 2010 MARTIN BATHER | SCH “I think it has to have an impact on sterling. In the current climate, things are very sensitive. It is difficult to say what will happen, but it will definitely depend on the outcome of the election.” NICK MAIDMENT | DEUTSCHE BANK “It’s already having an impact at the moment because [...]
DEBATING SOCIETY March 2, 2010 THERE will be three live face-to-face debates between Gordon Brown, David Cameron and Nick Clegg on Wednesday evenings in the run up to the election, the BBC, ITV and Sky News confirmed yesterday. The public will be given a chance to put their questions to the leaders.
Hyundai sees sales rise as Toyota faces recall woes March 2, 2010 HYUNDAI yesterday announced a sharp rise in February sales, benefiting from recall woes at rival Toyota, which planned aggressive incentives to win back US customers. The South Korean firm’s sales rose to 34,004 from 30,621 last year. So far this year, sales are up 17 per cent to 64,507 from 55,133. Toyota’s recalls, totalling 8.5m [...]
Limit prop trading, says Lord Turner March 2, 2010 TIGHTER capital and liquidity control is needed at some of the UK’s biggest banks said Financial Services Authority (FSA) chairman Lord Adair Turner, as financial regulators begin plans to crack down on proprietary trading. Giving evidence to the Treasury Select Committee yesterday, Turner said that the FSA wanted to put “limits” on proprietary trading but [...]
Your chance to let politicians know what you really think March 2, 2010 THE City is the engine room of the British economy, but you wouldn’t know it from the policies of the main political parties. Few politicians are interested in reflecting or listening to the concerns of the hundreds of thousands of people who work in London’s business and financial sectors. With an election just weeks away, [...]
Metro Bank nears approval March 2, 2010 Metro Bank, the start-up high street lender backed by US entrepreneur Vernon Hill, is set to be granted a banking licence by the Financial Services Authority (FSA) within days, City A.M. understands. The City regulator is currently at the last stage of the approval process, where the licence is granted subject to final proof of [...]
BOND GURU FALLS FOUL OF PARTY CIRCUIT March 2, 2010 CRUMBS, the fixed income social scene can’t be much cop if Pimco’s resident investment guru-cum-scrooge Bill Gross is anything to go by. Gross – a founder and 38 year veteran of the distinguished company – popped out one of his monthly investment outlook notes yesterday, beginning with a lengthy spiel on the evils of the [...]
Hopes rise as advertising sector begins to stabilise March 2, 2010 WPP, the world’s largest advertising group by revenue, sees calmer seas ahead after a turbulent year. The second half of the year is expected to be “less worse”, according to chief executive Martin Sorrell. He said the markets began to stabilise in the second half of 2009. The firm, which reports its annual results on [...]
Retail surge gives boost to Share March 2, 2010 A RENEWED surge of interest in the stock market on the part of retail investors has boosted full-year profits at the Share group, owner of retail broker The Share Centre. The Aim-listed group made a pre-tax profit of £2.35m in 2009, 60 per cent higher than the £1.46m it posted at the end of 2008. [...]