After the Nvidelity comes the Huangover. Jensen Huang joins long list who confused boardroom and bedroom
FTSE 100 stumbles as coronavirus spreads to the UK January 31, 2020 Britain’s FTSE 100 has fallen sharply after two people tested positive for coronavirus in the UK and the pound rose following the Bank of England’s decision to hold interest rates yesterday. England’s chief medical officer said the two people were being treated at a specialist centre in Newcastle after falling ill in York. Professor Chris [...]
Brexit-week: Why Brexit isn’t the only reason for the pound’s uncertainty January 31, 2020 | City Talk It’s been an up and down week for the pound and for once, despite being Brexit-week, the UK’s departure from the EU wasn’t the primary cause. The provisional manufacturing PMI came in close to the breakeven point at 49.8, more than two points higher on the month. The services PMI was up three points at [...]
Brexit: what’s next? The crunch dates ahead and what investors expect January 31, 2020 | City Talk The UK voted to leave the European Union by a margin of 52% to 48% in a referendum held on 23 June 2016. Since then, the debate over how and when the UK’s departure would happen has dominated the news in the UK. The December 2019 general election gave the Conservative party the majority it [...]
French and Italian economies shrink as Eurozone slows January 31, 2020 The French and Italian economies both unexpectedly contracted in the final quarter of the year as the struggling Eurozone caps off a year of weak growth. France’s economy – the second-biggest in Europe – shrank 0.1 per cent quarter on quarter in the final three months of the year, according to official statistics. Economists had [...]
Watchdog probes jump in sterling before Bank of England rate decision January 31, 2020 City watchdog the Financial Conduct Authority has opened an investigation into the jump in the value of the pound shortly before the Bank of England’s interest rate decision yesterday. The Bank confirmed it asked the FCA yesterday to investigate the unusual spike in the value of sterling. The value of sterling jumped about 15 seconds [...]
Investec fires starting gun on £1.8bn float of asset management business Ninety One January 31, 2020 Investec today fired the starting gun on the float of its asset management business in a listing expected to value the business at between £1.6bn and £1.8bn. Investec announced the new business, Ninety One’s, expected intention to undertake an initial public offering (IPO) today. Ninety One intends to apply for admission of its shares to [...]
SSE on course despite slight lag in renewables January 31, 2020 Energy giant SSE marked its first quarter out of the household energy sector by saying that it is on course to deliver on its earnings target for the year. The announcement comes despite the firm’s renewable output slipping five per cent behind expectations in the first nine months of the year. The former Big Six [...]
Quiz: how much do you know about Brexit? January 31, 2020 | City Talk Brexit has saturated the media over the last few years. But how much do you really know about it? Do you know your hard Brexit from your soft Brexit? How closely have you been watching the currency exchange markets since the June 2016 referendum results were revealed? Take our quick trivia quiz and find out… [...]
General election result calms consumer confidence ‘jitters’ January 31, 2020 UK consumer confidence jumped this month, signalling the end of a “jittery mood” as sentiment strengthens following the general election result. Research published this morning showed that sentiment improved by two points to minus nine in January, driven by increased confidence in both individual finances and the general economic situation over the next year. January [...]
Traders call time on long hours following consultation January 30, 2020 Traders have today called for market trading hours to be reduced by 90 minutes to seven hours. The Association for Financial Markets in Europe (AFME) and the Investment Association (IA) have responded to the London Stock Exchange’s consultation on the issue. They are campaigning for a reduction in hours to either 9am-4pm or 9.30am-4.30pm. AFME [...]