After the Nvidelity comes the Huangover. Jensen Huang joins long list who confused boardroom and bedroom
GDP: Half-year growth hits slowest rate since 2011 as business investment slides September 28, 2018 The UK economy grew by 0.5 per cent in the second half of this year, marking the weakest six-monthly growth in seven years. The Office for National Statistics (ONS) findings on gross domestic product (GDP) today show that the underlying trend is “still one of slowing real GDP growth”, with the UK economy growing [...]
DEBATE: Would the energy market benefit from Corbyn’s proposed wind turbines and renewable subsidies? September 28, 2018 Would the energy market benefit from Corbyn’s proposed wind turbines and renewable subsidies? Alan Lockey, head of research at Demos, says YES. First, let’s dispense with the notion that it’s a choice between unsubsidised fossil fuels and subsidised renewables: the global energy “market” is all subsidised. In fact, research by the International Energy Association [...]
Expectations have been set too low – let’s go for the free trade deal Britain deserves September 28, 2018 The Brexit debate has soured on both sides of the aisle. Remainers are hunkering down in their calls for a second referendum, while Leavers – who were not so long ago standing side-by-side to push the vote over the line in their favour – are now subject to infighting over the specific deal that [...]
Mark Mobius investment trust IPO falls £100m short of target September 27, 2018 Emerging markets veteran Mark Mobius' investment trust has raised £100M through an Initial Public Offering (IPO), which is half of the target amount. Mobius Capital Partners announced it would target £200m for the trust, which will invest in small to mid cap emerging and frontier markets, earlier this month. Read more: Mobius to raise £200m for emerging markets [...]
Sirius Minerals on track to complete Yorkshire mine but still chasing up to $600m September 27, 2018 Sirius Minerals expects to secure $3bn (£2.3m) funding towards its Yorkshire mine by the end of the year but is still exploring options to plug a cost overrun of up to $600m. The company, constructing a polyhalite mine under the North York Moors, said the project remained on track to be completed in 2021, [...]
BP wins approval for £200m North Sea project to produce 30m oil barrels September 27, 2018 BP has won approval for its £200m Vorlich project in the North Sea, which could produce 30m barrels of oil. The government-backed Oil and Gas Authority (OGA) approved the industry giant's development, which could now come on stream in 2020. BP expects the two-well development, 150 miles off the coast of Aberdeen, to produce 20,000 barrels [...]
Peter Hambro returns to Petropavlovsk after shareholder ousting September 27, 2018 The co-founder of Russian gold miner Petropavlovsk has returned to the company after being ousted as chairman by shareholders last year. Read more: Gold giants set to merge in shock $18.3bn deal Shares jumped from 6.48p to 6.85p this morning before falling back to 6.37p as Petropavlovsk announced that Peter Hambro has been appointed as president [...]
Trading platform IG’s boss steps down amid regulatory uncertainty September 27, 2018 Online trading platform IG’s chief executive, Peter Hetherington, is set to stand down immediately, as European regulations begin to bite. Hetherington’s three-year tenure as group chief executive draws to a close today, though he will stay on to help manage the search for a successor at the spread betting platform. Chief financial officer Paul [...]
DEBATE: Is Labour looking more like a credible government-in-waiting after this year’s conference? September 27, 2018 Is Labour looking more like a credible government-in-waiting after this year’s conference? Finn McRedmond, staff writer at Reaction, says YES. In his keynote speech yesterday, Jeremy Corbyn said to Jim O’Neill, former Tory minister and Goldman Sachs economist: “You’re welcome, come and join us in the new political mainstream.” This was the pervasive sentiment: [...]
The shadow chancellor: A thief who plans to rob British business blind September 27, 2018 Somebody has got to say it: the shadow chancellor John McDonnell is a thief (well, an aspiring thief), with his planned 10 per cent giveaway of company equity to workers. The Theft Act 1968 says a person is guilty of theft if he dishonestly appropriates property belonging to another with the intention of permanently depriving [...]