After the Nvidelity comes the Huangover. Jensen Huang joins long list who confused boardroom and bedroom
The government must resist micro-managing our EU exit December 10, 2018 Unlike many commentators, I believe that a no-deal Brexit still very possible. It is the default as the clock ticks, and parliament must vote for government-backed legislation to change path. For all the threats about a second referendum, the Conservatives would implode if they rowed back on delivering Brexit. And as regrettable as a no-deal [...]
Royal London to appoint Standard Life Aberdeen board member Kevin Parry as chairman December 10, 2018 Royal London will appoint Standard Life Aberdeen board member Kevin Parry as its chairman this week. The company is set to announce that Parry will replace former Bank of England deputy governor Rupert Pennant-Rea, who has been in the role for five years, Sky News reported. The appointment will see Parry step down from his role [...]
UK pharma firm Avacta signs $180m partnership deal with South Korea’s LG Group December 10, 2018 UK pharmaceutical company Avacta has signed a $180m (£143m) partnership deal with LG Chem, part of the South Korean LG Group. Avacta, a portfolio company of FTSE 250-listed IP Group, was one of the top risers in the London Stock Exchange after news of the deal broke this morning – its share price jumping 31 per cent [...]
Interserve share price plummets as it admits rescue refinancing plan December 10, 2018 Interserve's shares more than halved today after the outsourcer confirmed it was in rescue refinancing talks with lenders as it battles a £650m debt pile. The embattled public sector outsourcing giant admitted at the weekend it was “engaged in constructive discussions regarding the agreement and implementation of a deleveraging plan”, causing a 53 per cent [...]
DEBATE: Do banks need to become fintechs in order to survive? December 10, 2018 Do banks need to become fintechs in order to survive? YES, says Lu Zurawski, consumer payments practice lead at ACI Worldwide. Big banks definitely need to find ways to become more like fintechs, which represent a new way of engaging with customers who increasingly expect modern, mobile-first and always-available services. These tech-savvy firms focus on customer-centric, informative [...]
Theresa May to reopen Brexit negotiations amid backstop row December 10, 2018 Theresa May’s authority has suffered yet another blow as the government scrapped the planned vote on her controversial Brexit deal. In a chaotic day in Westminster, the Prime Minister pulled the vote planned for Tuesday evening after realising she was in line for a huge defeat at the hands of her own party. May is set to [...]
Mayday: PM delays crucial parliament vote on her Brexit deal December 10, 2018 Theresa May has confirmed a highly-anticipated vote on her Brexit deal will be delayed, following threats of a huge rebellion from within the Conservative Party. The Prime Minister confirmed the delay in the House of Commons this afternoon, saying she believed she could still win a vote after winning further reassurance on the Irish backstop. [...]
Crossrail crisis escalates as TfL confirms up to £2bn cost overrun and possible delay to 2020 December 10, 2018 The crisis facing Crossrail deepened today after Transport for London (TfL) admitted that the delayed project could need an extra £2bn in rescue funding to stay afloat. The Elizabeth Line, which will stretch from Heathrow in the west to Abbey Wood in the east, was projected to cost £15.4bn and to open by 9 December [...]
Here’s how politicians and markets are reacting to parliament’s Brexit vote being pulled December 10, 2018 Reports that Prime Minister Theresa May has pulled a highly-anticipated parliamentary vote on her Brexit deal have sent shockwaves through Westminster and into wider business world. Sources told City A.M. tomorrow’s so-called meaningful vote, in which May faced almost-certain defeat, has been dropped after over 100 Conservative MPs vowed to vote against the government. The [...]
Chief executives can no longer stay out of the political fray December 10, 2018 Activism is everywhere. From our neighbourhoods to boardrooms, national crusades to local causes, there is no shortage of people clamouring to bring pressing, worthy issues to our attention. And business is no exception, hence the rise of a new type of chief executive: the “activist”. This creature takes many forms: publicly outspoken, actively involved in [...]