After the Nvidelity comes the Huangover. Jensen Huang joins long list who confused boardroom and bedroom
Tiffany sales disappoint Wall Street as Chinese shoppers curb their luxury spending November 28, 2018 A slump in demand from wealthy Chinese tourists has taken the sparkle off of Tiffany’s latest sales report this afternoon, with weaker-than-expected results sending shares down during pre-trading on Wall Street. The luxury jewellery maker missed its estimates today after reporting a three per cent rise in same-store sales, falling below Refinitiv projections of a [...]
European Commission gives green light for T-Mobile Netherlands merger November 28, 2018 The European Commission today unconditionally approved a merger between T-Mobile Netherlands and Tele2 NL. The new company will have annual revenues of more than €2bn (£1.8bn) and will serve roughly 4.3m mobile customers. T-Mobile Netherlands, a subsidiary of Deutsche Telekom, will buy Tele2’s Dutch operations, reducing the number of operators in the country from four [...]
Tulip tower may interfere with radar systems, warns London City Airport November 28, 2018 Plans to build the City’s Tulip had just begun to blossom last week after developers submitted proposals for the new 1,000 ft tower, but now concerns over whether the building might interfere with air traffic radar systems have threatened to stall the project. London City Airport has insisted that construction cannot be given the green [...]
From trains to trainers: TfL teams up with Adidas for Tube and Crossrail-inspired footwear November 28, 2018 Londoners may not be able to use the Elizabeth Line this year, but they can still travel in style elsewhere on the Underground with the release of a new range of Tube-inspired trainers by Adidas. Transport for London (TfL) has teamed up with the sports giant to launch a new range of trainers inspired by the Elizabeth Line, [...]
Airbus could restart UK investment if parliament approves May’s Brexit deal November 28, 2018 Aerospace firms may resume investment in the UK’s industry currently put on hold if Prime Minister Theresa May’s withdrawal agreement is voted through parliament, Airbus told MPs this morning. Companies have either paused investment in the UK since the EU referendum or transferred it to other markets, executives told the Commons' Business, Energy and Industrial Strategy [...]
Ofcom boss calls on British broadcasters to create Netflix rival November 28, 2018 Public service broadcasters should work together to create a ‘Brit Player’ to rival Netflix, the head of Ofcom said today. Sharon White told the Outside the Box conference in London that broadcasters should pull together their on-demand services to create a platform offering popular British shows such as Broadchurch, Blue Planet and Bake Off in one [...]
Italy ‘looks for space’ to revise budget in the face of EU disciplinary action November 28, 2018 The Italian government was working to amend its budget today to attempt to avoid disciplinary action from the European Commission. But EU commissioner Valdis Dombrovskis said a “substantial correction” was needed, according to Italian newspaper La Stampa and Germany's Handelsblatt. Italian finance minister Giovanni Tria told the Senate the government was working to find “financial space [...]
Ikea’s change of focus hurts group profits as it braces for redundancies November 28, 2018 Ikea group profits dropped by a quarter in its latest financial year, driven down by billions of pounds invested into adapting to people's changing shopping habits. The furniture giant’s parent company, Ingka Group, reported the €780m (£688.7m) year-on-year drop in its full-year results this morning, blaming spending on transforming its business model to an approach focused heavily on [...]
Vita Mojo shakes things up with a £10m series A fundraise, backed by Investec November 28, 2018 Healthy food-focused restaurant chain Vita Mojo has raised £10m in a series A fundraising round led by Investec Bank, as it heads for expansion. The firm said it is now "coming out of stealth mode" to help other businesses with its technology, having already signed up a few major customers such as Virgin Active, Chilango and Wokit. [...]
UK economy will be worse off under every Brexit scenario, government’s own analysis confirms November 28, 2018 The UK economy could take a 3.9 percent growth hit under a deal that resembles Theresa May's Brexit plan, the government has said. A report published on Wednesday morning argues that life outside the EU will leave the UK poorer than if it had stayed inside the bloc in a range of scenarios over the next 15 years. [...]