After the Nvidelity comes the Huangover. Jensen Huang joins long list who confused boardroom and bedroom
Man Group buys Sanlam Four’s strategic bond business September 5, 2018 Hedge fund manager Man Group has acquired Sanlam Four's strategic bond business and team. Portfolio managers Craig Veysey and Francois Kotze will move the Sanlam Strategic Bond fund to Man Group's discretionary investment management arm GLG. Read more: Why Coca-Cola’s acquisition of Costa makes sense for consumers The top-performing fund, which was set up by Veysey when he joined Sanlam in 2009, seeks [...]
Cryptocurrencies swimming in the mainstream September 5, 2018 | Sponsored Spending and exchanging digital currencies are two of the biggest challenges enthusiasts face when building a crypto portfolio. While some high-profile retailers such as Subway, Microsoft and Expedia accept Bitcoin as payment, retailers that have adopted crypto represent a tiny fraction of the market. Limited payment options, complex processes and expensive exchange fees are typical [...]
BHP buys into ‘high quality’ Ecuador copper project September 5, 2018 Global miner BHP Billiton has bought a 6 per cent stake in SolGold giving it exposure to the Cascabel copper-gold project in Ecuador. The world's largest miner will buy the stake of 103.1 million shares in SolGold – Cascabel's majority owner and operator, from Guyana Goldfields for $35.2m (£27.5m), the company said today. Read more: [...]
DEBATE: Would it be beneficial for the UK economy if Mark Carney stayed on as Bank of England governor? September 5, 2018 Would it be beneficial for the UK economy if Mark Carney stayed on as Bank of England governor? Katrina Usita, an economist at OMFIF, says YES. Uncertainty is the UK economy’s greatest problem. Mark Carney’s willingness to extend his term as Bank of England governor for another year assuages some of that, at least in [...]
Unemployment down, GDP up – there’s no logic for a public spending boost now September 5, 2018 Despite the warmth of the days, there is a distinct autumn feel to the mornings. And in the autumn, thoughts begin to turn to the Budget. Speculation has already begun about what the chancellor Philip Hammond might or might not do. Read more: Corbyn won’t stop until the government controls everything For Labour, recent weeks have [...]
Now is not the time to reform Help to Buy – it’s the time to scrap it entirely September 5, 2018 Housebuilders weighed on the FTSE yesterday following reports that the government is unlikely to extend the Help to Buy programme – in its current format – beyond 2021. Help to Buy has been doping up the housing market for more than half a decade since former chancellor George Osborne revealed his plan to stimulate demand. Prices [...]
The future of cryptocurrencies September 4, 2018 | City Talk The past two years has been somewhat of a nervy time for cryptocurrency investors. There will have been periods of jubilation for some, and there will inevitably have been moments of despair for others. The price of bitcoin alone went from approximately $1,000, to $20,000 at the end of last year, before falling spectacularly in [...]
Transocean buys rival Ocean Rig in $2.7bn deal as oil prices continue to rise September 4, 2018 Drilling rig contractor Transocean has agreed to acquire deepwater rival Ocean Rig in a deal worth $2.7bn (£2.10bn). The cash and stock deal, which includes Ocean Rig's debt, will result in a combined fleet of 57 floaters, with 31 of the top 100 ultra-deepwater drill ships in the industry. The deal comes as oil prices [...]
Felix Capital leads $5m Series A financing round for online jewellery brand Mejuri September 4, 2018 Jewellery retailer Mejuri has closed a $5m (£3.89m) Series A financing round led by London-based venture firm Felix Capital. Real Ventures, Incite Ventures, BDC Capital Women in Technology Fund, and Dash Ventures also participated in the round. The funding will allow the digital brand to establish more physical stores following the opening of its first showroom in [...]
Eurozone producer price inflation spikes due to rising energy prices September 4, 2018 Eurozone producer price inflation accelerated above expectations in July, powered by a rise in expensive energy prices. Producer prices among the 19 countries in the Eurozone rose 0.4 per cent month-on-month and four per cent year-on-year in July, according to data released by Eurostat this morning. Read more: Petrol station merger could drive up fuel [...]