After the Nvidelity comes the Huangover. Jensen Huang joins long list who confused boardroom and bedroom
Competition and Markets Authority says provisional Ladbrokes-Gala Coral decision will be released in mid-May April 21, 2016 The Competition and Markets Authority (CMA) has said it will release a provisional decision on the Ladbrokes-Gala Coral merger in mid-May. The provisional decision was originally scheduled to be released on 18 April or soon after. However, City A.M. learned last week that the decision had been pushed back and the previous mid-April deadline was [...]
Frontrunner in Yahoo bidding process Verizon reports first-quarter results for 2016 April 21, 2016 Verizon Communications, the company tipped to win the Yahoo bidding war, reported a 2.9 per cent growth in earnings per share (EPS) in the first quarter of 2016. The figures The US firm's revenue grew 0.6 per cent on the first quarter of 2015 to $32.17.bn (£22.4bn). This was slightly below analysts' expectations of $32.46bn, [...]
General Motors doubles profit in the first quarter, turbo charged by cheap petrol and easy access to credit April 21, 2016 General Motors (GM) has reported profit more than doubled to $2bn (£1.4bn), or $1.24 a share, in the first quarter of 2016. Revenue for the first three months of the year climbed by 4.5 per cent to $37.3bn. The bottom line figures easily beat out analyst estimates of $1.01 per share on revenue of $35.4bn. Cheap petrol and consumers' [...]
Super Mario comes out fighting to defend European Central Bank (ECB) against German attacks, negative interest rates and misfiring bazookas April 21, 2016 Mario Draghi has hit back against critics of the European Central Bank (ECB), reiterating that nothing has been ruled out in its fight to stave off deflation in the Eurozone and wading into the Brexit debate in a defiant public appearance this afternoon. There was no change in the announcements from the ECB on interest rates and its bond-buying quantitative easing programme, [...]
EU referendum: Barack Obama to make his long awaited intervention on the UK’s referendum on European Union membership April 21, 2016 As the Queen celebrates her 90th birthday President Barack Obama is set to touch down in the UK today for what is widely expected to be his last visit as the US' head of state. While in the UK he will be joining Queen Elizabeth for lunch, but also making a long awaited intervention in the UK's EU [...]
Government considers taking a 25 per cent stake in Tata Steel’s UK business and reveals plans for millions of pounds’ worth of financial support to buyers April 21, 2016 The government has said it would be willing to take a 25 per cent stake in any rescue of Tata Steel’s UK operations and will be providing debt finance to potential buyers. A package of support worth hundreds of millions of pounds will be made available. The announcement follows a second meeting between business secretary Sajid Javid [...]
BNY Mellon joins other US banks in beating expectations in its first quarter April 21, 2016 Bank of New York Mellon has posted a five per cent increase in first-quarter profit due to heavy cost cutting and the US interest rate hike in December. Profit rose to $804m (£557m), or 73 cents a share, from $766m, or 67 cents, a year earlier. Analysts were expecting earnings of 67 cents a share, according to a Bloomberg poll. Total revenue [...]
Everybody panic: Now David Cameron has warned that Brexit could harm our cheese, cider and sausage industries April 21, 2016 Could this be the scariest Brexit prediction yet? Leaving the EU might well cause a run on the pound, or make house prices to come crashing down, but until now we hadn't given a second thought to how it would affect our cheese. David Cameron has made arguably one of his most convincing points yet. Writing in [...]
European Central Bank (ECB) keeps interest rates on hold as Super Mario prepares to update the markets April 21, 2016 The European Central Bank (ECB) has kept interest rates unchanged as its president, Mario Draghi, prepares to confront criticisms of the Bank's monetary policy this afternoon. A statement from the ECB, published ahead of a key press conference with Draghi, said: The ECB decided that the interest rate on the main refinancing operations and the [...]
Pernod Ricard share price plunges after China holds back sales in third quarter April 21, 2016 The share price of Pernod Ricard dropped this morning after the company posted lower-than-expected third quarter sales in a trading update. The figures Organic growth for the third quarter was up one per cent year-on-year, which was below analyst estimates of 1.3 per cent in a Reuters poll. Net sales in Asia and the rest of the world fell 10 [...]