After the Nvidelity comes the Huangover. Jensen Huang joins long list who confused boardroom and bedroom
Premier Oil creditor doubles down on opposition to acquisition plan January 24, 2020 Premier Oil’s largest creditor, hedge fund Asia Research and Capital Management (ARCM), has this morning doubled down on its opposition to the North Sea explorer’s proposed acquisition plan. Earlier this month Premier Oil said it had agreed a $625m (£473.8m) deal with BP to buy two major North Sea assets, and announced a new scheme [...]
Coronavirus: China widens travel lockdown as death toll rises January 24, 2020 Fourteen people in the UK have been tested for a new strain of the coronavirus, with five testing negative as the others await results, Public Health England said today. An incident team has made a base in Scotland where five people were tested amid 830 confirmed cases of the virus across the world. The death [...]
ECB launches major policy review as it holds rates January 23, 2020 The new European Central Bank (ECB) president Christine Lagarde has launched a major policy review at the Eurozone institution that could change its central aims. It came as the ECB’s governing council kept interest rates on hold at a record-low level and maintained the Bank’s massive bond-buying programme in a bid to inject life into [...]
Oil in downward spiral as surplus weighs on price January 23, 2020 Oil prices accelerated their decline today as Brent crude fell by more than 2.5 per cent for the second day in a row. The steep drop means that Brent crude is now trading at $61.49 per barrel, its lowest price in almost two months. West Texas Intermediate has been hit even harder, falling back three [...]
Petropavlovsk strikes gold as sales soar in final quarter January 23, 2020 London-listed gold miner Petropavlovsk saw its shares jump eight per cent this morning after the company reported a large increase in sales. In total, the firm said its gold sales had increased 39 per cent in the year ending December 2019, from 369,000 ounces to 514,000 ounces. The firm, which has operations in Russia, attributed [...]
Greenpeace defeated in Norway Arctic oil exploration lawsuit January 23, 2020 Greenpeace has lost its attempt to disrupt Norway’s plans to expand oil exploration operations in the Arctic after an Oslo appeals court ruled against the climate group. Along with the Nature and Youth group, the environmental organisation had tried to argue that the activities violated people’s right to a healthy enivironment. Article 112 of Norway’s [...]
Chancellor launches search for next head of budget watchdog January 23, 2020 Chancellor Sajid Javid has launched the search for the next head of the UK’s budget watchdog, the Office for Budget Responsibility (OBR), as the term of the current chair Robert Chote draws to an end. The OBR was formed in 2010 by newly-elected chancellor George Osborne to ensure the government stuck to its spending and [...]
US Treasury secretary says UK trade deal to be struck this year January 23, 2020 US Treasury secretary Steve Mnuchin has said he expects to wrap up a trade deal with the UK within the year, a day after he slammed a proposed British digital services tax as “discriminatory”. The US’s commerce secretary Wilbur Ross, who was speaking at the same event at the World Economic Forum in Davos, Switzerland, [...]
Sweet Christmas for Hotel Chocolat as revenue grows despite supply chain troubles January 23, 2020 Hotel Chocolat has reported double digit revenue growth in the second half of last year. In a trading update this morning Hotel Chocolat said revenue grew 11 per cent in the 13-week period to 29 December, while in the 26 weeks to the same date it was up 14 per cent. The chocolatier said trading [...]
FTSE 100 slumps on increased coronavirus fears January 23, 2020 The FTSE 100 fell after the open this morning, taking its cue from its Asian peers, which slumped amid growing concerns over the spread of the new flu-like coronavirus from China. Britain’s blue chip index opened down, and was trading 0.49 per cent down by 8.30am, with miners and oil majors weighing on the index. [...]