After the Nvidelity comes the Huangover. Jensen Huang joins long list who confused boardroom and bedroom
Asda to cut fuel prices for fourth week in a row December 7, 2018 Asda will cut the price of fuel for the fourth week in a row tomorrow, and for the sixth time since late October. Motorists will benefit from 2p off per litre of unleaded petrol and diesel from Saturday as wholesale costs continue to fall. It means motorists will pay no more than 114.7p per litre for unleaded and 125.7p [...]
UK scores top marks in anti-money laundering review December 7, 2018 The UK’s finance sector scored top marks in a review by a global anti-money laundering watchdog published today. However, due to its status as the largest financial services provider in the world, it still faces a “significant risk” of money laundering, the Paris-headquartered Financial Action Task Force said. While Britain has a “robust” regime to [...]
Own, loan, or Drover: How the subscription economy is shaking up the car industry December 7, 2018 Felix Leuschner looks far too young to have founded three successful businesses. This German-born entrepreneur was just 23 when he launched what became Europe’s largest marketplace for gaming goods, where players could trade virtual products. After selling that company just nine months later, he moved to London and started a fast-fashion website called Stylistpick, collaborating with [...]
Commuters brace for fresh Christmas strikes on South Western Railway December 7, 2018 Rail union RMT has revealed that there will be further strike action on South Western Railway on 22 December, the final Saturday before Christmas. The National Union of Rail, Maritime and Transport Workers have said that the decision has come as a result of South Western's refusal to engage in serious discussions regarding the long-running guards' [...]
‘Systemic failures’ led to commuter chaos after May’s timetable changes, says regulator December 7, 2018 Train companies must put passengers at the heart of decision-making to prevent a repeat of May’s timetable chaos, the Office of Rail and Road (ORR) said today. The ORR published a raft of recommendations to improve rail services for passengers in phase two of its review into major rail disruption earlier this year, saying "systemic [...]
Huawei chairman steps into CFO role after Canada arrest sparked global sell-off December 7, 2018 Chinese tech company Huawei has appointed its chairman as acting chief financial officer following the arrest of CFO Meng Wanzhou in Canada. Liang Hua will take on the additional responsibilities of CFO after a turbulent day for the company saw its share price fall by 4.46 per cent. The news rocked markets, triggering a sell-off in Asia, Europe and the US as [...]
‘Big Short’ investor Steve Eisman bets against UK banks December 7, 2018 Investor Steve Eisman who is known for his prediction of the 2008 financial crisis has said he is betting against three UK banks. Eisman, who was played by actor Steve Carell in the film The Big Short, said he thinks the British market will go down because of Brexit. He said that he bet against [...]
UK house price growth slumps to six-year low December 7, 2018 UK house prices grew by their weakest rate in almost six years last month, according to figures released today. Boasting just 0.3 per cent growth in the three months to the end of November compared to the same period last year, house prices fell to their lowest growth since December 2012, according to Halifax. House [...]
Housebuilder Berkeley Group boosts full-year profit guidance December 7, 2018 Housebuilder Berkeley Group has increased its pre-tax profit guidance for the current financial year by more than five per cent, it said today. This comes despite its results for the first half of the year showing its pre-tax profit fell by a quarter compared to the same period last year, dropping from £539.9m to £401.2m. [...]
Former Nissan chairman Carlos Ghosn faces financial misconduct indictment and rearrest on Monday December 7, 2018 Former Nissan chairman Carlos Ghosn is due to be indicted on Monday, according to reports. The car industry veteran responsible for the Nissan-Renault alliance faces indictment on charges of financial misconduct after the weekend, according to the Nikkei Asian Review. Tokyo prosecutors must release Ghosn on Monday if they do not charge him, or rearrest [...]