After the Nvidelity comes the Huangover. Jensen Huang joins long list who confused boardroom and bedroom
Winter Economic Update Webinar with Vicky Pryce February 18, 2020 | City Talk Register for the webinar to join moneycorp for their Winter Economic Update on Tuesday 25th February at 1pm GMT. The global economy has endured a turbulent start to 2020, affecting the currency markets and minds of investors around the world at the same time. With January already seeing the UK leave the EU, escalating tension [...]
Pound rallies as UK employment hits record high and wages beat 2008 peak February 18, 2020 Wages beat their pre-financial crisis peak for the first time at the end of 2019, as the level of UK employment rose to a record high of 32.9m people. A total of 180,000 people entered the workforce between October and December 2019, the Office for National Statistics (ONS) said today. That took the number of [...]
Glencore braced for coronavirus impact as earnings fall February 18, 2020 Glencore saw earnings drop 26 per cent to $11.6bn (£9bn) last year as the commodities giant warned that it was “closely watching” the coronavirus outbreak’s impact on global markets. Shares in the blue-chip stock fell 0.8 per cent as markets opened. The figures Although earnings declined to $11.6bn from $15.8bn in 2018, Glencore still beat [...]
UK and EU need to rebuild trust to reach agreement on equivalence, report warns February 18, 2020 The UK and EU must rebuild trust “at a political level” before they can reach an agreement on the City’s future regulatory relationship with the bloc, according to a new report. Britain is seeking “comprehensive” or “permanent” equivalence with the bloc to ensure the City maintains permanent access to EU markets, but the EU has [...]
How to finance overseas purchases February 17, 2020 | City Talk From a holiday home overseas to luxury goods and split asset investment, there are ways to make the most of your money overseas. From artwork and jewellery to a yacht or a horse, when it comes to finding a unique item, attention to detail and personal service matter. Whether you’re buying online or in-country overseas, [...]
NMC Health founder BR Shetty resigns as crisis deepens February 17, 2020 The founder of NMC Health has resigned as its non-executive chairman after stepping back from board discussions when questions were raised over his holdings in the embattled healthcare provider. Indian billionaire BR Shetty, a joint controlling shareholder in NMC Health, resigned from its board with immediate effect yesterday, the company announced this morning. Chief investment [...]
UK confidence in household finances hits record high February 17, 2020 UK households’ perceptions of their financial wellbeing rose to their highest ever levels this month in a sign of growing optimism over the UK’s economic prospects. IHS Markit’s UK Household Finance Index (HFI) – which measures households’ overall perceptions of financial wellbeing – increased to 47.6 in February, up from 44.6 in January. Although the [...]
Jupiter Fund Management snaps up Merian for £370m February 17, 2020 Jupiter Fund Management today confirmed it has clinched a £370m deal to buy Merian Global Investors in what analysts have branded a “defensive” move. Jupiter will become the world’s second largest retail funds manager after the acquisition in a sector where rising regulatory pressures have encouraged actively managed funds to band together. “This is an [...]
Tullow Oil sees stock fall again as drilling comes up dry February 17, 2020 Tullow Oil’s shares fell six per cent this morning as the exploratory firm said that it would abandon one of its wells in Peru after failing to find oil while drilling there. The well, of which Tullow owns a 35 per cent stake, was the first to be drilled in the offshore Tumbes basin, a [...]
Petra Diamonds books $10m loss as prices decline February 17, 2020 Petra Diamonds fell to a loss in the first half of the year after increasing production at the miner was offset by a decline in diamond prices. Shares in the firm fell over nine per cent in early trading. The figures The company booked a $10m loss in the six months to December, a swing [...]