After the Nvidelity comes the Huangover. Jensen Huang joins long list who confused boardroom and bedroom
CEBR: Brexit but staying in the Single Market could leave UK GDP higher by 2030 April 20, 2016 A leading think tank has said Britain leaving the EU but staying in the single market could result in its GDP being higher by 2030. It comes amid rising furore over the Treasury's prediction that each UK household would be £4,300 worse off if the UK leaves the EU. The Centre for Economics and Business Research (CEBR) said [...]
UK retailers hit by drop in Chinese shoppers April 20, 2016 UK retailers are suffering as new European visa rules deter Chinese shoppers. Global Blue, the tax-free shopping services company, said the number of Chinese shoppers in British stores slumped 30 per cent last month, leading to an overall decline of 21 per cent in the first three months of 2016. Read more: Online retail sales growth rate doubles [...]
Intel shares drop three per cent in after hours as tech company announces plans to cut 11 per cent of its global workforce April 19, 2016 Tech giant Intel has announced it plans to cut 12,000 jobs globally – equal to around 11 per cent of its workforce. Intel announced the job losses in its results for the first quarter of 2016, and said it had made the decision based on its plans to refocus on its data centre business as [...]
Mitie boss: Businesses must swap secrets to solve diversity deficit April 19, 2016 The boss of London-listed outsourcer Mitie has urged British businesses to swap their best practices for improving ethnic diversity in the workplace. Ruby McGregor-Smith, who became the first Asian female chief executive of a FTSE 250-listed firm when she took the reins at Mitie in 2007, is heading a government-commissioned review into this issue. Read more: We need more role [...]
London 2017 World Athletics Championships will be the cleanest in history, organisers vow April 19, 2016 NULL
MPs to be given power on picking future chief executives of the Financial Conduct Authority (FCA) April 19, 2016 MPs will be given the power to say yea or nay to the top role at the City watchdog, thanks to a legal amendment agreed on today. The proposed clause for the Bank of England and Financial Services Bill means that government will have to seek approval from parliament, particularly the Treasury Select Committee, for any future [...]
UK investment banking revenue down 21 per cent in first quarter of 2016 despite Shell and BT deals completing April 19, 2016 UK investment banking revenue was down 21 per cent in the first quarter of this year, according to newly-compiled figures. Goldman Sachs accounted for 12.3 per cent of the total $1bn (£695m) revenue, ahead of JP Morgan (10.4 per cent) and Barclays (6.9 per cent). Read more: Investment banking revenue plummets to post-crisis low Dealogic's UK [...]
The FCA warns financial advisers shouldn’t accept corporate freebies, but London’s hedge fund set have nothing to fear after last night’s investor awards double-bill April 19, 2016 NULL
Mayoral hopeful Zac Goldsmith’s team rush to his driver’s defence, after the Tory MP’s campaign bus appeared to be stuck in a suspended parking bay April 19, 2016 When one bidder at the Conservative party's Black and White Gala shelled out £35,000 for a day on the campaign trail with Zac Goldsmith, did they think they would be paying for his parking tickets? The Tory mayoral hopeful has failed to answer basic questions about transport in the capital in the past, and now Londoners are trying [...]