After the Nvidelity comes the Huangover. Jensen Huang joins long list who confused boardroom and bedroom
The Economist chief executive Chris Stibbs steps down after flurry of senior departures November 27, 2018 The Economist’s chief executive is stepping down after more than five years in the job, the company confirmed today, following a number of senior departures this year. Chris Stibbs was appointed chief executive of the weekly news magazine in 2013 and has held leadership positions in the company since 2005. A spokesperson for the Economist [...]
Proxy advisor recommends shareholders oppose Restaurant Group’s Wagamama takeover on the eve of the vote November 27, 2018 An influential shareholder group has recommended investors oppose the Restaurant Group’s £600m takeover of Asian fusion chain Wagamama on the eve of the vote. Pensions and Investment Research Consultants (Pirc) said the “risks and adverse implications for shareholders appear too great to overlook”. The proxy advisor's recommendation comes as investors prepare to cast their votes [...]
MPs and international ministers blast Facebook’s Zuckerberg over non-appearance November 27, 2018 Lawmakers have criticised Facebook founder Mark Zuckerberg for not appearing in a hearing today, which accused the social media platform of undermining international parliaments and regulators. A grand committee consisting of representatives from several countries including the UK, Canada, France and Belgium met in Westminster today, convened by the Department for Culture, Media and Sport Select Committee, to [...]
Theresa May tells Trump the UK can sign trade deals under her Brexit plan November 27, 2018 Theresa May has hit back at claims from Donald Trump her Brexit agreement prevents a new trade deal between the UK and US. Speaking in the garden of the White House on Monday, the US president cast doubt on the UK’s ability to have an independent trade policy after Brexit under the terms of May's deal. [...]
H&M axes skinny jeans brand Cheap Monday November 27, 2018 H&M is to axe its independent skinny jeans brand Cheap Monday, with the Swedish retailer blaming “major challenges” to the fashion industry for the decision. The world’s second largest clothing retailer is scrapping the Cheap Monday clothing, which is mainly sold online and through its sole UK outlet on Carnaby Street, as it looks to [...]
Europe’s highest court will issue decision ‘quickly’ on whether the UK can reverse Brexit November 27, 2018 Judges at the European Court of Justice (ECJ) are set to decide "quickly" whether or not the UK can reverse Article 50, the mechanism by which it withdrew from the bloc, without permission from other member states. Britain is set to leave the EU on 29 March next year under the terms of Article 50, which [...]
Nostrum Oil and Gas revenue grows but cuts to its drilling programme send investors running November 27, 2018 Nostrum Oil and Gas has announced it will cut back its number of drilling rigs next year, causing shares plunge 20 per cent this morning. In its third quarter report the Kazakhstani firm reported rising year-on-year revenues but a decline in production for the nine months ending 30 September. The figures Revenue grew steadily to [...]
Viagogo forced to overhaul ticket-selling practice by competition watchdog November 27, 2018 Ticket reseller Viagogo was today forced to “overhaul” the way it does business by the UK’s competition watchdog. In a landmark legal victory the Competition and Markets Authority (CMA) has secured a court order that will force Viagogo to tell customers the specific seat that they will get and whether there is a risk of [...]
Flooring maker Victoria’s rising revenue leads fightback after October bonds fumble saw shares plummet November 27, 2018 Flooring company Victoria’s share price increased this morning as revenue jumped in its interim report, just weeks after it pulled out of a plan to issue bonds which caused shares to plunge 35 per cent in two days last month. The figures Underlying pre-tax profit jumped 87 per cent for the six months ending 29 September [...]
Black Friday draws in biggest ever week of sales for John Lewis November 27, 2018 John Lewis Partnership said today that it has seen its biggest ever week of sales as shoppers flooded the beleaguered retailer’s stores for Black Friday discounts. Total sales for the week jumped 7.7 per cent when compared with the same week last year, as purchases hit a record in the firm’s 150-year-old history. Fashion and home [...]