After the Nvidelity comes the Huangover. Jensen Huang joins long list who confused boardroom and bedroom
Bank of England chief economist Andy Haldane to head industrial strategy council October 7, 2018 The government has appointed Bank of England chief economist Andy Haldane to chair a new industrial strategy council in a bid to boost Britain’s low productivity. The council, which will meet three or four times per year, will publish a regular report on the government’s progress on implementing its industrial strategy. The body will also [...]
Elastic, the open-source tech startup behind Uber and Tinder, scores $252m IPO October 6, 2018 Shares in Dutch open-source search startup Elastic skyrocketed as much as 106 per cent in its first day of official trading on the New York Stock Exchange yesterday, bucking the trend for tech stocks on Wall Street. The search and data analytics software firm, whose main product Elasticsearch powers technology behind big names such as Uber [...]
FTSE roundup: This week’s winners and losers October 5, 2018 The FTSE 100 ended the week nearly 86 points down today, with the index losing 1.16 per cent of its value. Unilever's shares are also down 0.4 per cent at 4,061p share following its reversal on its former plans to move headquarters exclusively to Rotterdam. Read more: Unilever scraps proposals to leave London headquarters Intu [...]
UK productivity is still lower than it was before the financial crisis October 5, 2018 UK workers boosted their hourly productivity at their fastest rate in more than a year in the second quarter, the latest data shows. However, the growth of 1.4 per cent in the three months to June compared to the same period a year ago, but is still far lower than the average of two per [...]
Everyone’s a loser in today’s fabricated generation wars October 5, 2018 According to doomsayers in policy and media circles, the young have never had it so bad, and the fault lies with their greedy elders. The allegedly enormous, voracious baby boomer generation, living it up on the golf course with the ill-gotten gains from gold-plated pensions and over-valued houses, is in the firing line for causing [...]
The Tories talk the talk on free markets, but the policies don’t match the rhetoric October 5, 2018 Last year’s Conservative party conference marked a change in tone for the Prime Minister and her relationship with the free market. Perhaps it was the 2017 snap election upset that made her roll back her language around “untrammeled free markets”, or maybe there was increased understanding that after Brexit a commitment to competition would be vital [...]
Power powder Huel gets £20m fuel boost to keep up growth October 4, 2018 Huel, the ‘nutritionally complete’ food that aims to replace a regular diet with an all-in-one powdered meal, has raised £20m in investment to continue its rapid growth. In UK-based Huel’s first external investment since its launch in 2015, tech investor Highland Europe gave the money to power the powder’s international advance. Read more: No-deal Brexit [...]
Oil producers must ‘take steps’ to cool surging prices, IEA boss warns October 4, 2018 The world's major oil producers must “take the right steps” to cool the market amid a continued surge in crude prices, the International Energy Agency boss has warned. The IEA's executive director, Fatih Birol, said: “It is now high time for all the players, especially those key producers and oil exporters, to consider the situation [...]
Aston Martin and Funding Circle shares continue to fall after IPOs October 4, 2018 Shares in Aston Martin and Funding Circle continued to slump today following disappointing debuts on the London Stock Exchange yesterday. Luxury car maker Aston Martin saw shares slip 1.89 per cent to £17.75 this afternoon, before rallying to £18 as the market closed. Read more: Aston Martin stutters on stock market debut as shares slip Yesterday prices dropped [...]
FTSE tobacco giants see share prices fall as US agency seizes documents from e-cigarette firm October 4, 2018 London-listed tobacco giants suffered a dip on the stock market this morning, as investors wobbled amid the news that a US federal agency is starting to flex its muscle over e-cigarette companies. Shares prices in British American Tobacco and Imperial Brands have dived 2.4 per cent and 1.6 per cent respectively on the FTSE so far today, as [...]