After the Nvidelity comes the Huangover. Jensen Huang joins long list who confused boardroom and bedroom
Shares drop as Just Group CFO announces departure amid regulatory uncertainty October 1, 2018 Just Group's shares fell sharply on news this morning that chief financial officer Simon Thomas is to step down at the end of the month. Shares initially declined by nine per cent, but had recovered to a drop of five per cent by around midday. Read more: Mercer slams CMA for data errors in pension [...]
Ryanair rocked by profit warning October 1, 2018 | City Talk Ryanair shares have sold-off severely this morning after the airline confirmed that profit would be 12% below the previous forecast. The group now expects full-year profit to be between €1.1 billion and €1.2 billion, and the previous guidance was between €1.25 billion and €1.35 billion. Ryanair cited higher costs regarding fuel and flight compensation regulations [...]
Oil prices hit four-year high as markets await US sanctions on Iran October 1, 2018 Oil prices hit a four-year high this morning as the market reacted to ongoing uncertainty over US sanctions on Iran. Brent crude – considered the international benchmark – rose almost half a per cent to $83.09 (£63.70) per barrel in early trading, after rising as high as $83.32. Read more: Iranian foreign minister claims country [...]
Sterling finds strength from higher UK manufacturing growth October 1, 2018 Sterling climbed on the back of stronger UK manufacturing growth this morning. The pound was up 0.1 per cent against the US dollar at 1.304 and close to 0.4 per cent compared to the euro at 1.125. Read more: British manufacturing output growth weakens as exports slow Manufacturing posted a “mild” improvement in output at [...]
The longevity dividend: How to make the most of our ageing society October 1, 2018 It is well known that the UK is ageing. In 1976, only 14 per cent of the population was aged over 65, today it is 18 per cent, and in 2036 it is estimated to be 25 per cent. Over the same period, the median age is expected to rise from 34 to 43. The [...]
Aston Martin narrows price range ahead of IPO October 1, 2018 Aston Martin has narrowed the price range for its IPO later this week. The luxury car manufacturer is now set to float shares at between 1,850p per share and 2,000p per share, tightening its previous range of between 1,750p and 2,250p. Read more: Aston Martin staff set for cash reward as it gears up for [...]
Aston Martin staff set for cash reward as it gears up for IPO September 30, 2018 Aston Martin employees will be given one-off cash rewards to buy their own shares as the luxury car maker gears up to go public this week. Institutional investors, staff and customers will be able to by shares in its £5bn float from Wednesday, although private investors won't be able to deal in the shares until [...]
AIM high as daily share trading on alternative market hits record highs September 30, 2018 The value of traded shares on alternative exchange AIM more than tripled in two years, a new report has found. Spurred by success stories like ASOS, Boohoo and Fever-Tree, the average value of daily trading per company on the market grew to £328m, up from £109m in 2015/16, accountants UHY Hacker Young said. The growth [...]
War of words: Former Brexit minister brands CBI a ‘grave menace to political stability’ in damning attack September 30, 2018 A former Brexit minister and leading Tory backbencher has launched a remarkable and scathing attack on Britain’s largest business lobby group today, branding the Confederation of British Industry (CBI) “a grave menace to the political stability and economic prospects of the UK”. In a hard-hitting article that claims the CBI is no longer the voice of [...]
Brexit negotiator Michel Barnier puts himself out of contention for EU presidency September 28, 2018 The EU's chief Brexit negotiator, Michel Barnier, has put himself out of the running to become the centre-right's candidate to replace departing Jean-Claude Juncker as president of the European Commission. Barnier's announcement ends a protracted period of speculation suggesting that he would throw his hat into the ring for the role of Spitzenkandidat in the [...]