After the Nvidelity comes the Huangover. Jensen Huang joins long list who confused boardroom and bedroom
Siemens offers climate activist role on board as firm makes Adani mine decision January 12, 2020 The chief executive of engineering giant Siemens has offered a 23-year-old climate protestor a seat on one of its boards, as it prepares to make a decision on its involvement with a controversial Australian coal mine on Monday. Joe Kaeser met with Lisa Neubauer, a prominent figure in Greta Thunberg’s “Fridays for Future” movement, last [...]
Sir Jim Ratcliffe hit with legal claims over North Sea pipeline January 12, 2020 Britain’s third richest man Sir Jim Ratcliffe is facing claims that he is looking to raise costs for a rival to use the main North Sea oil pipeline. American oil firm Apache has said that Ineos, which Ratcliffe owns, wants to double the price of using the Forties pipeline which it bought from BP in [...]
Saudi Aramco IPO rises to $29.4bn after company issues extra shares January 12, 2020 The value of Saudi Aramco’s gargantuan initial public offering (IPO) has increased to $29.4bn (£22.5bn) after the state oil company announced it had issued 450m more shares through its “greenshoe option.” The new shares mean that Aramco’s IPO has risen by almost $4bn, meaning it is now comfortably the world’s biggest IPO. Read more: Saudi [...]
Will cooling US jobs growth encourage Fed to cut rates? January 10, 2020 The US economy added 145,000 jobs at the end of 2019, a figure that has raised the question of another Federal Reserve interest rate cut. While the unemployment rate remained flat at 3.5 per cent in December, the total is lower than November’s 256,000 jobs, a number boosted by striking GM staff returning to factories. [...]
Woodford fund investors face payment delay January 10, 2020 Investors in the Woodford Investment Equity Fund must now wait until the end of the month for payouts to begin. Investors in Neil Woodford’s stricken fund, which will be wound up on 18 January., had been expecting letters on Monday, with the first payments to commence on or around 20 January. Read more: Timetable set [...]
US stock markets hit record highs as Middle East tensions ease January 9, 2020 US stock markets hit record highs today as easing tensions in the Middle East soothed traders’ nerves after a week of drama. The Dow Jones and the S&P 500 both rose just over 0.5 per cent, to 28,900.74 and 3,270.63 respectively. Read more: European stocks hit record high as Iran tensions subside The Nasdaq was [...]
Carney rate cut comment sends pound crashing to two-week low January 9, 2020 The pound slumped to a near two-week low today after Mark Carney warned that the Bank of England (BoE) could cut interest rates to boost the economy. Sterling dropped as much as 0.55 per cent against the dollar to $1.301 as the central bank governor said a cut was possible if weaknesses in the economy [...]
European stocks hit record high as Iran tensions subside January 9, 2020 European stocks nudged up to a record high this afternoon as investors reacted to a waning in Middle East tensions and renewed hopes of a US-China trade deal. The pan-European Stoxx 600 index rose as much as 0.7 per cent to hit 421.43, before easing back to just under 420. Read more: Donald Trump says [...]
Financial services lifeboat says only a handful of London Capital & Finance investors eligible for compensation January 9, 2020 The Financial Services Compensation Scheme (FSCS) today announced the “disappointing” news that only a small number of investors in collapsed mini-bond company London Capital & Finance (LCF) are eligible for compensation. It said it would protect the 159 bondholders who switched from stocks and shares ISAs to LCF bonds. The FSCS said it is unable [...]
Brexit and election uncertainty knock hole in Robert Walters’ UK profit January 9, 2020 Robert Walters’ share price dropped today as it revealed a huge 23 per cent dent to UK profits as a result of a rollercoaster year of political uncertainty in 2019. UK gross profit fell from £26.8m in the fourth quarter of 2018 to £20.7m in the corresponding period last year. Read more: Time too short [...]