After the Nvidelity comes the Huangover. Jensen Huang joins long list who confused boardroom and bedroom
Virgin London Marathon 2016: How fast will you finish? This data company thinks it can predict your finish time April 20, 2016 Planning to run the London Marathon this weekend and fretting over what your finish time might be? This data company thinks it has cracked a way to predict how the 35,000 runners taking part will fare. Strava, running tracker and social media network, has crunched the numbers and thinks it's the frequency – as well [...]
GKN’s share price rises after it posts 12 per cent rise in sales April 20, 2016 Engineering company GKN posted a rise in sales in the first quarter as it announced its principal markets have performed in line with expectations. GKN's share price rose over two per cent on the announcement. The company, which serves the aerospace, automotive and land systems market, said management sales rose to £2.2bn for the three months [...]
Powa unicorn remains bought by Israeli tech firm April 20, 2016 The final remains of failed so-called unicorn tech startup Powa Technologies has been sold off to an Israeli tech firm weeks after collapsing into administration. Nasdaq-listed Supercom has been revealed as the buyer of PowaPOS, the last remaining business of the three that made up Powa, for an undisclosed sum. It's understood, however, that PowaPOS went for around just [...]
How you doing? The labour market may be stumbling, but not for everybody April 20, 2016 Economic data out this morning showed that the unemployment rate across the country was 5.1 per cent, wages grew by 1.8 per cent over the year and the number of people in work reached a new record high. But those are generalisations – the picture differs markedly across sections of the economy. So who has [...]
Unite the union says Monarch Airlines’ job losses are a “severe blow” April 20, 2016 The union Unite has slammed a potential decision by Monarch Airlines to close its maintenance hanger at Manchester Airport, which would put more than 100 jobs at risk Along with the 1-0 Manchester jobs, Unite said that it expects 12 engineering jobs at Luton and two at Birmingham could also be axed. "Eighteen months ago our members at Monarch made significant sacrifices [...]
Monument Global gloat after the investment firm takes home the London Stock Exchange Darts championship trophy April 20, 2016 News reaches The Capitalist that brokers at Winterflood Securities just aren't what they used to be. That's as far as Bully boys from investment firm Monument Global are concerned, at least. The group took on City boys from the likes of Winterflood, KBW, Macquarie and Jeffries last month to take home the special prize at the annual London Stock Exchange Darts Competition. The [...]
Punch Taverns share price up seven per cent as company’s investment strategy pays off, despite falls in profits April 20, 2016 The share price of Punch Taverns, the UK's second largest pub company, has soared after the announcement of half-year results that show the company's turnaround plan is bearing fruit, despite a blow to profits. The figures Punch's share price jumped seven per cent higher to 104p shortly after the company's half-year results to 5 March [...]
Soccer stock market Football INDEX raises £500,000 in just two weeks April 20, 2016 The first "football stock exchange", Football INDEX, has raised £500,000 investment as part of a crowdfunding fundraise. Football INDEX, launched by Jersey-based gambling operator BetIndex Ltd, launched six months ago and currently boasts of 13,000 active traders who have deposited £800,000 in six months. The platform operates like a futures market in allowing fans to bet on [...]
Rents are rising faster in London skyscrapers than in any other global city April 20, 2016 We already knew rental prices for London office space was pretty high – but it turns out that the higher up your office is, the faster your rents are rising. Figures from Knight Frank suggest rents in London's skyscrapers – including the Shard, the Cheesegrater and the Walkie Talkie – rose 9.7 per cent in the [...]
Unemployment numbers up and wage growth down: Why the UK labour market has started to stutter April 20, 2016 Jobs and wages figures released today raised questions over whether the UK economy could be losing steam. Analysts were quick to point to a host of factors that could be at play, as well as what the numbers mean for everything from interest rates to Brexit. The figures The headline unemployment rate came in unchanged [...]