After the Nvidelity comes the Huangover. Jensen Huang joins long list who confused boardroom and bedroom
Mandelson praises car makers November 24, 2009 Lord Mandelson yesterday told the SMMT International Automotive Summit that the 1.65m cars made in Britain last year make a mockery of the idea the UK is no longer an industrial economy. He said Britain now has twice as many car makers in the UK as 25 years ago and said the business was “the [...]
CITY VIEWS: WILL THE CAPITAL’S OYSTERISATION AFFECT YOU? November 24, 2009 TOM SUTTON RK HARRISON “Sadly this so-called ‘Oysterisation’ Boris has announced will make no difference to my daily commute, but I do think it is a good policy for London in general. It will make moving around the capital a much easier experience, I would imagine.” NICK WEST CHAUCER “This is a brilliant idea, and [...]
T&L ups bond buyback November 24, 2009 Tate & Lyle increased a bond buyback to £100m from a planned £70m after its offer attracted strong demand, the British sugar and sweetener group said yesterday.The bonds were priced at a premium, which the company said was 107.924 per cent or £1,079.24 per £1,000 of bonds. Tate is one of a growing list of [...]
Duty hits Gazprom November 24, 2009 Russian gas export monopoly Gazprom may lose around 380bn roubles (£8.17bn) in 2009-2010 due to higher than expected custom duties. The state-run gas giant has already asked the government to settle the dispute that could cost the company around 111.7bn roubles this year and 274.4bn roubles in 2010. But it is still unclear if the [...]
Green City living promo November 24, 2009 An environmental expo kicks off today at the Citigroup Centre, aimed at Citi employees, Citigroup Centre tenants and their employees, financial institutions in Canary Wharf and the FSA. The event is to encourage companies and staff in the City to be more environmentally aware, and highlights how companies are saving energy ahead of the UN’s [...]
London hotels recover November 24, 2009 London is expected to lead the initial recovery phase for the EMEA Hotel Market, according to Jones Lang LaSalle Hotel’s latest Hotel Investor Sentiment Survey (HISS). The survey highlighted a growing confidence in the capital’s hotel market, with investors reporting a high level of buy intentions for key European gateway cities like London and Paris. [...]
SSL excites the City as profits grow November 24, 2009 ASHARES in SSL jumped to record highs yesterday after the condom-to-foot-deodorant maker said first half profits were up 59 per cent. SSL said that pre-tax profits rose to £51.9m from £32.5m in the six months ending 30 September, driven by a strong performance at its Durex Play business that makes lubricants and vibrators, and its [...]
Aquarius Platinum falls on bond issue November 24, 2009 AQUARIUS Platinum, the fourth largest producer of the metal, launched a $250m (£150m) convertible bond issue yesterday. The Bermuda-based company said the unsubordinated, unsecured convertible bonds are due in 2015. The proceeds will be used to redeem 650m-rand (£52.5m) of convertible bonds and build a chromite recovery plant at its Everest mine, in South Africa. [...]
HomeServe adds more customers November 24, 2009 HOMESERVE yesterday posted a higher first-half profit from core operations, aided by growth in customer and policy numbers, and said it would not be affected by the recent floods in north west England. HomeServe, which provides cover for a range of emergencies such as broken boilers and overflowing washing machines, also said it was confident [...]
JAL shares drop to a record low November 24, 2009 Shares of Japan Airlines slid to a record low yesterday on growing investor worries that Asia’s largest airline by revenue could face bankruptcy as it struggles to agree pension cuts. The slide was also fuelled by news that trading house Mitsui sold all of its 11.7m JAL shares, raising speculation other shareholders would follow suit. [...]