After the Nvidelity comes the Huangover. Jensen Huang joins long list who confused boardroom and bedroom
BHP’s coal production slips due to Australian bushfires but guidance remains unchanged January 21, 2020 The ongoing bushfires in Australia knocked BHP’s production of thermal coal, the world’s largest miner announced today, but its 2020 guidance remains in line with forecasts. Mike Henry described his first set of results since taking over as chief executive from Andrew Mackenzie as “solid”, despite concerns about the situation in the company’s home country, [...]
FTSE 100 sinks into red as China virus scare hits shares January 21, 2020 The FTSE 100 was on track for its biggest fall since early December this morning as investors were rattled by an outbreak of a new strain of coronavirus in China. The London blue-chip index slipped more than one per cent in early trading, with luxury and travel stocks leading the slide. Burberry fell more than [...]
UK employment rate hits record high as Bank of England mulls cut January 21, 2020 The UK’s booming labour market showed no sign of slowing in the three months to November, according to official data, with the strongest jobs growth in nearly a year pushing the employment rate to a new record. The unemployment rate stayed at 3.8 per cent, its lowest since the 1970s, but the number of people [...]
Coronavirus: Asian shares slide as China warns of human-to-human contact risk January 21, 2020 Asia-listed shares fell overnight as concerns grew about China’s Coronavirus after officials confirmed it can be spread through human contact. China reported a fourth death from the Coronavirus today as authorities confirmed that 15 medical staff had also been infected. The editor-in-chief of the Chinese and English editions of the Global Times has tweeted that [...]
BP’s finance chief steps down after 34 years at oil giant January 21, 2020 After 34 years at the company, BP’s chief financial officer Brian Gilvary today announced his retirement from the oil major. Gilvary, who has been in his post for eight years, will be succeeded by Murray Auchincloss, who currently holds the same job in BP’s upstream division. Auchinloss will join the board on 1 July and [...]
The wheels come off: Are car sales still a bellwether for the UK economy? January 21, 2020 Route planning is always tricky. For investors, charting a path through the busy roadworks of the UK economy in 2020 can be especially hard, so markets are quick to pounce on any data that might provide a turning signal for the future. That’s why figures released earlier this month by the Society of Motor Manufacturers [...]
Business leaders call on government to lay out trade talks position January 21, 2020 UK business leaders have called on the government to lay out its objectives for trade talks with the European Union, saying they can only make investment decisions once they have a clear sense of Number 10’s position. The intervention by the Institute of Directors (IoD), which represents British company bosses, came after chancellor Sajid Javid [...]
German growth in 2019 worst since Eurozone crisis, says Bundesbank January 20, 2020 Germany’s central bank has predicted that the country’s economy grew last year at its slowest pace since the Eurozone crisis as its manufacturing sector was badly shaken by global trade tensions. The Bundesbank today estimated that Europe’s biggest economy grew by just 0.6 per cent last year. This would be the worst figure since 2013, [...]
Rabobank invests in online mortgage broker Trussle January 20, 2020 Rabobank’s strategic investment arm, Rabo Frontier Ventures, has contributed to a £7.5m funding round in online mortgage broker Trussle. Rabo Frontier Ventures joined the latest round of funding alongside existing investors Goldman Sachs Merchant Banking Division, Finch Capital and Propel Venture partners. The fresh round of funding brings Trussle’s total to £26.7m after the tech [...]
Queen join Her Majesty on commemorative coin January 20, 2020 Queen have become the first band to appear alongside Queen Elizabeth II on a commemorative coin available from today. The Royal Mint announced that the coin is the first in its “Music Legends” collection. The coin commemorates all four members of the band and includes their instruments. The group’s logo is placed in the centre, [...]