After the Nvidelity comes the Huangover. Jensen Huang joins long list who confused boardroom and bedroom
World of trading revolves around rumours, says barrister representing Iraj Parvizi in insider trading case April 19, 2016 The barrister representing a businessman on trial for insider trading told a court today that the world of trading was dependent on the rumour mill. Former Aria Capital director Iraj Parvizi has been charged with conspiracy to insider deal on various occasions between 2006 and 2010, alongside accountant Andrew Hind, former Panmure Gordon stockbroker Andrew Grant Harrison, private day trader Benjamin [...]
Health retailer The Hut hails landmark year as earnings soar following a rise in overseas expansion April 19, 2016 Online health and beauty retailer The Hut Group, whose company tagline is "Attention to retail", has posted a rise in underlying earnings of 33 per cent to £30m in 2015. International sales soared to £167m, up 46 per cent after growing its international business and now accounts for more than 50 per cent of the groups sales. The group, backed by ex-Marks [...]
Grosvenor Group warns of lower returns and revenue profit in coming years April 19, 2016 Grosvenor, the privately-owned international property group which has existed since 1677, has cautioned of lower returns and revenue profit over the next few years after posting a 22 per cent fall in annual pre-tax profits to £527m. Revenue profit, the difference between revenue incomes and revenue expenses, climbed to £83.3m last year, from £80.1m in 2014, excluding the impact of property revaluation. Total [...]
Coronation chicken, anyone? To celebrate the Queen’s 90th birthday, this restaurant is dishing up vintage food from the 50s April 19, 2016 If there is one food that comes to mind when we think of Queen Elizabeth, it's that bright yellow street party stalwart, Coronation Chicken. To celebrate her 90th birthday, one upscale restaurant in Piccadilly is serving a bespoke menu inspired by the food Her Maj dined on 60 years ago, but it's a far cry from what Mayfair's Michelin-starred haunts [...]
Mark Carney dismisses helicopter money as a “compounding ponzi scheme” April 19, 2016 The governor of the Bank of England has written off the idea of the experimental monetary policy idea known as helicopter drops as a "compounding ponzi scheme". Mark Carney told the House of Lords Economic Affairs Committee this afternoon that he was "not a believer" in the concept of helicopter drops saying the policy would erode faith in [...]
Commuter chaos expected as conductors on Southern Rail vote to stage three 24-hour strikes over new rules which hand door control duties to drivers April 19, 2016 Conductors on Southern Rail are set to stage three 24-hour strikes on 26 April, 10 May and 12 May – because control of doors has been handed to drivers. They're set to walk out at 11:00 BST on all three days, it's been reported They're protesting Southern Rail’s plans to introduce "Driver Only Operation" rules, giving [...]
More proof Apple’s iPhone sales are stalling April 19, 2016 Have we reached peak Apple? The tech firm warned at the start of the year that its sales would slow, and now new research is out showing that has indeed come to pass. Shipments fell more than 43 per cent to 42m at the start of the year from 75m at the end of 2015, according to research [...]
EU referendum: Companies hunting for new London offices shrug off Brexit fears April 19, 2016 Companies were still on the hunt for new offices in London in the first quarter of the year, despite fears that economic jitters and the prospect of a Brexit could stifle demand. More than 3.1m square feet of space was snapped up, with Thomson Reuters' deal to decamp all of its staff to new 315,400 sq ft Canary Wharf headquarters lifting overall take-up [...]
Vix volatility index hits 2016 low as markets find their feet April 19, 2016 The Chicago Board Options Exchange (CBOE) Vix index, a measure of implied option volatility cost on the US S&P 500, has sunk to lows for 2016 after wild market swings earlier in the year sent the index soaring. Last night the Vix closed at 13.09, its lowest finish to a session since 17 August after China's 50 per cent stock market crash [...]
Mark Carney comes out fighting over Bank of England’s role in the Brexit referendum April 19, 2016 Mark Carney has told Lords that the Bank of England will continue to talk about how the EU referendum affects the UK economy in the run-up to the vote, that he broadly agrees with the Treasury's analysis of the impact of Brexit and warned that London could lose its status as a "pre-eminent" financial centre. [...]