After the Nvidelity comes the Huangover. Jensen Huang joins long list who confused boardroom and bedroom
It’s crunch time for the European Union as multiple crises stretch union to the limit, says Economist Intelligence Unit April 21, 2016 The European Union is facing a multitude of crises that have pushed it to its limit, experts have warned. The region's problems are far from disappearing, and are instead being exacerbated by questions on issues such as freedom of movement, security and democracy. The report from Economist Intelligence Unit (EIU) comes ahead of the UK's [...]
Now Cadbury is shaking up the recipes and wrappers of some sweets in its Roses boxes April 21, 2016 First they changed the recipe of our Fruit and Nut Bars, then they changed the recipe of our Creme Eggs: now Cadbury owner Mondelez is coming for our Roses. This morning the company said it is not only planning on changing the shape of two of the chocolates, but it's also (gasp) altering the wrappers of the [...]
Lloyds Banking Group reveals hundreds more job cuts in “dangerous race to bottom” April 21, 2016 Lloyds Banking Group is making a further 625 people redundant as part of a restructure that will result in a 10 per cent reduction in headcount. Around 80 of the jobs being cut will come from the IT department, which the bank is planning to offshore to India in what union Unite has dubbed "a dangerous race to the [...]
SABMiller sales see solid boost in 2015 but currency headwinds continue to eat up revenue April 21, 2016 SABMiller has posted healthy organic sales growth in its fourth quarter and full-year 2015 results, but the British drinks giant has suffered as a result of continuing currency headwinds against the dollar. The figures SABMiller has posted underlying growth, with organic sales growing by five per cent for the full-year to 31 March 2016. However, [...]
Sky’s share price falls as churn rate picks up despite adding 177,000 new customers as it reports revenue growth April 21, 2016 Sky has reported strong growth for the third quarter as it experiences "good trading" across all its markets but its churn rate picked up, pushing its share price down over 4.4 per cent. The figures Sky reported revenues to have risen five per cent to £8.72bn over the nine months to the end of March. Operating [...]
One Direction has a lot to learn: This group of grandads is the UK’s richest band April 21, 2016 Wild horses couldn't stop the Rolling Stones from being crowned the wealthiest band in Britain and Ireland. Sir Mick Jagger, Keith Richards, Charlie Watts, and Ronnie Wood have combined fortunes of £630m, up £40m on 2015. Read more: London has more billionaires than any other city in the world It was also a beautiful day for U2, who have a [...]
Another day, another challenger bank win, as TSB profits leap April 21, 2016 Following yesterday's suggestion that challenger banks are steaming ahead, this morning TSB bolstered that, as profits jumped 53 per cent. The figures Pre-tax profits rose 53 per cent from last year to £52.6m in the three months to the end of March, the bank said this morning, while total customer deposits rose 8.4 per cent to £26.8bn. Meanwhile, lending rose 28.3 per cent to £27..4bn, which [...]
London house prices will continue to grow even if the UK leaves the EU, say homeowners April 21, 2016 Parts of London's property market might be stumbling, but that's not stopping the capital's homeowners being the most confident people in the country that Brexit would not affect their house prices. Foolhardy? Maybe. But according to a new survey, London's homeowners expect to see double-digit growth in their property prices over the next six months – [...]
Game Digital agrees £100m financing facility with shareholder Duodi’s “associate” Lajedosa April 21, 2016 Struggling computer games retailer Game Digital has agreed a new financing facility to give it breathing room while the business gets back on track. The group has agreed an asset-backed revolving loan facility of up to £100m with Lajedosa Investments, which is described as "an entity associated with Duodi Investments" – the major shareholder of Game, which is [...]
Sony cuts full-year operating income after impairment charge April 21, 2016 Sony has warned that its full-year operating profit was 9.4 per cent lower than previously estimated after a hefty impairment charge. Operating profits were ¥209bn (£1.3bn) for the 12 months to the end of March. They had been expected to come in at ¥320bn. The announcement came as Sony announced an impairment charge in operating income of ¥59.6bn related to [...]