After the Nvidelity comes the Huangover. Jensen Huang joins long list who confused boardroom and bedroom
Sainsbury’s share price under pressure as it asks for more time on Asda merger probe December 12, 2018 Sainsbury’s has seen its share price tumble five per cent so far today, after it joined Asda in appealing to the courts for more time to argue its case over a planned £15bn merger between the two supermarkets. Both grocers said this morning that they have lodged a request to review the timetable and process of [...]
British American Tobacco maintains full-year guidance December 12, 2018 British American Tobacco (BAT) today backed its full-year guidance, saying plans to deleverage the business remain on track. The tobacco firm, which owns cigarette brands such as Dunhill and Lucky Strike, said it will exceed its high single-figure earnings per share growth, despite a six per cent currency impact. In a trading update BAT said [...]
Rolls-Royce confirms full-year profit guidance as it flies past supply problems December 12, 2018 Aerospace and defence giant Rolls-Royce has confirmed its full-year profit and cashflow guidance for 2018 with expectations that it will be in the upper end of its previously announced range. The enginemaker said it expected operating profit to be £400m, plus or minus £100m, with cashflow expected to be £450m, plus or minus £100m. Its [...]
DEBATE: Can we stop worrying now that earnings are rising at their highest rate in a decade? December 12, 2018 Can we stop worrying now that earnings are rising at their highest rate in a decade? Michael Hayman MBE, co-founder of Seven Hills and co-author of Mission: How the Best in Business Break Through, says YES. May you live in interesting times – the old Chinese curse has found new life in Brexit Britain. Mired in [...]
Hyperbolic discounting explains why the French are revolting over Macron’s fuel tax December 12, 2018 Economists have long argued that an effective way of reducing carbon emissions is by increasing taxes on energy consumption. This year’s Nobel laureate, Bill Nordhaus, advocated a global carbon tax over 40 years ago. The scientific logic is impeccable. But the practical politics of it are fraught with difficulties. To say that energy taxes, and [...]
Superdry blames warm weather on crashing profits December 12, 2018 Superdry's shares have crashed more than 34 per cent in trading today, after the retailer blamed “unseasonably warm weather” for a lull in sales that resulted in a 49 per cent fall in half-year profits. The group warned that profits for the full-year are now projected to come in at £55-70m, falling below analyst expectations of roughly £84m. The [...]
Fire May, or her zombie deal will come back to haunt us all December 12, 2018 The withdrawal agreement is dead. Like that famous Norwegian Blue parrot of Monty Python legend, it has simply ceased to be. Its death was not achieved by a humiliating massive vote against it, but, in that cack-handed way only Theresa May manages to finesse, by it never facing a vote at all. It died through lack [...]
Record number of new student beds provided as university accommodation market shows no sign of a slowdown December 12, 2018 Property agents are hailing a record year for the UK’s university accommodation market, with private investors ramping up their role in the sector to capitalise on the booming demand from overseas students. Real estate giant Cushman & Wakefield has said this morning that more than 31,000 new student beds were delivered for the 2018/2019 academic [...]
Bad news in the boardroom swerved by Nissan’s UK brand December 12, 2018 This week Carlos Ghosn, one of the world’s most powerful and influential automotive executives, remains in jail on suspicion of financial misconduct. It emerged in early November that Ghosn had left his role as Nissan chairman following allegations that he had under-reported his pay packet. Since 2010, Japanese firms have been required to disclose salaries [...]
Theresa May clinging on as Tory leader amid rumours a no confidence vote is imminent December 11, 2018 Theresa May's premiership is hanging by a thread as Tory MPs are expected to launch a formal leadership challenge, having reportedly secured enough letters of no confidence to trigger a ballot. It was reported on Tuesday night Sir Graham Brady, chairman of the Conservative committee that overseas leadership challenges, has requested a meeting with the [...]