After the Nvidelity comes the Huangover. Jensen Huang joins long list who confused boardroom and bedroom
Rightmove faces FTSE 100 eviction as engineering firms climb, say analysts August 29, 2018 Online estate agent Rightmove is the top contender to drop from the FTSE 100 during its reshuffle next week, analysts have predicted. A weak housing market in London and the south-east, and tough competition for rivals such as Zoopla and PurpleBricks could see the company dropped into the FTSE 250, despite year-on-year growth in revenue [...]
Turkish lira slumps further after banks downgraded August 29, 2018 The Turkish lira has slumped further against the dollar after ratings agency Moody's downgraded banks yesterday evening, amid a dispute between President Tayyip Erdogan and US President Donald Trump. The currency weakened to 6.4 lira to the dollar early this morning, its weakest since 15 August, and had dipped as low as 6.37 before recovering [...]
Northern Ireland can’t afford to wait any longer for a government August 29, 2018 Northern Ireland has taken centre-stage in Westminster over the past year. The Irish border forms a crux of the Brexit debate, and there’s also the small matter of the confidence-and-supply arrangement the Democratic Unionist Party (DUP) has formed to prop up the Conservative government. However, there’s an even more pressing political story over the Irish Sea [...]
From Venezuela to East Berlin, people will always choose capitalism over socialism August 29, 2018 How many people across the world in the history of humanity have fled from a capitalist country to a socialist one? There was much amusement at the height of the long miners’ strike of 1984/85. A National Union of Mineworkers official from Yorkshire, a crony of Marxist trade unionist Arthur Scargill, sought sanctuary in the Stasi-controlled [...]
Demand for oilfield services fuels profits as Petrofac unveils major contract August 29, 2018 Oil and gas heavyweight Petrofac’s share price edged up this morning as the firm unveiled a new $600m (£466m) engineering contract alongside a strong half-year profits report. Profits in the first six months of 2018 hit $190m, surging 20 per cent from the same period last year in the wake of rising demand for oilfield services. [...]
Aston Martin profits up as company confirms IPO August 29, 2018 Luxury car manufacturer Aston Martin has confirmed its intention to float on the London Stock Exchange in a flotation that could value it at £5bn, as the company reported increased profits in its half-year results. Read more: Aston Martin to IPO in £5bn stock market listin The figures The UK-based company revealed revenue was up [...]
British shop prices rise for first time in five years August 29, 2018 British shop prices have risen for the first time in five years as hot weather and the rising price of oil conspired to add to inflationary pressure. Shop prices increased by 0.1 per cent in August 2018 compared to last year, figures from the British Retail Consortium, prepared by Nielsen, will today show. The rate [...]
DEBATE: Will new non-EU free trade deals offset the potential costs of Brexit to the UK economy? August 28, 2018 Will new non-EU free trade deals offset the potential costs of Brexit to the UK economy? John Longworth, co-chairman of Leave means Leave and former director general of the British Chambers of Commerce, says YES. Quite apart from the political benefits of Brexit – liberty and self-determination – the economic benefits are vast: better regulation, [...]
DEBATE: As UBS factors in Instagram influence, should investors value a brand’s social media presence? August 28, 2018 As UBS factors in Instagram influence, should investors value a brand’s social media presence? YES, says Rashid Ajami, founder of Connectt. Social media engagement has changed dramatically in recent years, moving from a more traditional form of display advertising that is pushed directly into people’s newsfeeds towards a more considered strategy where brands engage in real-time interactions [...]
City economists back rumoured extension of Mark Carney’s Bank of England stay August 28, 2018 City economists have eagerly backed Mark Carney to extend his stay at the Bank of England after a report the Treasury had raised the prospect of an extra year with the governor. Carney’s term as governor is due to come to an end in June 2019, a year earlier than first planned. However, an extension [...]