After the Nvidelity comes the Huangover. Jensen Huang joins long list who confused boardroom and bedroom
UK GDP: Pound slips on unexpectedly weak growth figures January 13, 2020 Sterling has slipped following news that the economy shrank unexpectedly in November, extending earlier losses against the dollar. The UK’s gross domestic product (GDP) contracted 0.3 per cent during the month as the manufacturing and production sectors declined more than expected. The figure was expected to be flat. Read more: Sterling sinks below $1.30 as [...]
London Stock Exchange set to send $27bn Refinitiv deal to EU regulators January 13, 2020 The London Stock Exchange Group is reportedly set to file its $27bn (£20.8bn) deal to buy financial data group Refinitiv with EU antitrust authorities, following extensive discussions with Brussels over the scope of its investigation into the merger. The two sides have not yet resolved the issue of what constitutes “the market” against which the [...]
Sterling sinks below $1.30 as hints of interest rate cut grow January 13, 2020 Sterling has fallen below $1.30 as traders expect the Bank of England to slash interest rates if the UK economy underperforms. The pound tumbled in early trading, sinking 0.5 per cent from $1.3044 to $1.2996 this morning before the release of UK GDP data. Read more: Carney rate cut comment sends pound crashing to two-week [...]
Inside the firms taking on the Big Six – and winning January 13, 2020 There’s a palpable buzz to Octopus Energy’s Soho headquarters, which hits you as you walk through the door. It’s a world away from what one imagines when one thinks of an energy firm, chief executive Greg Jackson agrees. But Octopus is one of several companies showing the UK’s Big Six that there is another way [...]
Increasing capital: London economy pulls away from rest of UK in December January 13, 2020 London’s economic performance was “head and shoulders” above the rest of the country in December, survey data has shown, while the capital’s businesses were cheered by the emergence of some political certainty. London was the only British region where output grew in December, with firms hiring at the fastest rate since July, the data from [...]
Almost half of UK firms predict 2020 recession January 13, 2020 Just less than half of UK firms think the country will go into recession this year, a new survey has shown, despite evidence of a rise in business confidence following December’s General Election. British firms cited increased geopolitical tensions such as trade tariffs, Brexit and regional instability as the number one risk to businesses in [...]
Value of takeovers of AIM companies rises a third in 2019 January 13, 2020 Takeovers of AIM-listed companies rose 32 per cent in value last year, thanks to a growth in the number of buyers acquiring fast-growing fintech firms listed on the index. According to accountants UHY Hacker Young, the value of such takeovers rose from £2.2bn in 2018 to £2.9bn in 2019, aided by a resurgence in the [...]
Bank of England rate-setter hints at cut January 12, 2020 A Bank of England policymaker has hinted he could vote for an interest rate cut at the end of this month, making him the third BoE figure to float the idea this week. Gertjan Vlieghe told the Financial Times that if data does not show the UK economy ticking up from its current subdued state, [...]
KKR makes surprise bid for Pennon’s recycling arm January 12, 2020 Pennon’s bin collection and incineration firm Viridor has been the subject of a shock bid from US private equity fund KKR, in an attempt to knock out the competition before an expected auction process. Viridor is set to be one of 2020’s most keenly fought acquisitions, with a number of companies said to be interested [...]
Channel 4 under fire over BP Paralympics sponsorship January 12, 2020 Channel 4 has come under fire from climate activists after it announced that BP will sponsor its coverage of the 2020 Paralympic Games in Tokyo. Environmental evangelists have taken aim at the broadcaster for accepting money from the oil giant, which is one of the world’s largest contributors to fossil fuel emissions. Read more: Boris [...]