After the Nvidelity comes the Huangover. Jensen Huang joins long list who confused boardroom and bedroom
Drones banned in London for Barack Obama’s visit to the UK April 19, 2016 A ban has been placed on drones across London when the US President visits the capital later this week. Between Thursday evening and Sunday morning the devices will be grounded by the ban, as "part of the overarching security plan" for Obama's visit. The ban was instigated by the secretary of state for transport Patrick McLoughlin and [...]
Formula One boss Bernie Ecclestone says that immigrants have not provided any benefit to UK April 19, 2016 Formula One (F1) boss Bernie Ecclestone has strongly advocated his support for an Out vote, and has said that Russian president Vladimir Putin should be "running Europe". “Europe has become less important full stop,” said Ecclestone, speaking at a conversation with WPP boss Martin Sorrell at Advertising Week Europe. “Vladimir Putin should be running Europe. [...]
Why has business confidence fallen to its lowest level since 2012? Brexit, of course April 19, 2016 The Association of Chartered Certified Accountants (ACCA) has become the latest organisation to warn that the prospect of Brexit has put UK businesses on the back foot, in a new report out this morning. In its global economic outlook, ACCA said that confidence among UK businesses sank from minus 5.7 at the end of 2015 [...]
Last remains of failed unicorn Powa Techologies to be sold this week April 19, 2016 Powa Technologies, one of the UK's first "unicorn" billion dollar startups, has found a buyer for the remaining part of its business after collapsing into administration earlier this year. Administrator Deloitte has found an as yet unnamed buyer for PowaPOS, the last of its three businesses, and is expected to finalise a deal by the end of [...]
Londoners are happy to pay £15 daily congestion charge to improve air quality and transport in the capital April 19, 2016 Mayor of London Boris Johnson has warned that his successor, no matter who it is, will have to raise the congestion charge. Currently standing at £11.50, Johnson has said that the next mayor will have to increase this or introduce "smart charging" at peak times, especially if they want to introduce schemes such as pedestrianising [...]
Goldman Sachs has managed to beat low forecasts, though it posted a 56 per cent drop in profit April 19, 2016 Investment banking giant Goldman Sachs has reported a 56 per cent decline in profits for the first quarter, to $1.2bn (£834m), or $2.68 per share. The decline marks the fourth straight quarter of declining profit for the bank. Revenue for the first three months of the year came in at $6.34bn, down from $10.62bn in the first quarter last [...]
Sky News loses Gherkin presence after six years in the heart of the City of London April 19, 2016 Sky News has lost its presence in the Gherkin after six years. The broadcaster's business coverage is now being shot in its Millbank and Osterley studios. Read more: Mapped: Londoners are sick of all the skyscrapers City A.M. understands Sky News's landlord activated a break clause forcing the broadcaster to leave the City of London this month. Sky [...]
Photos of former Greek finance minister Yanis Varoufakis are selling for literally tens of euros on Ebay April 19, 2016 Greece may still be struggling with global debt, but at least former finance minister Yanis Varoufakis is a valuable asset on Ebay. As the International Monetary Fund (IMF) continues to hammer out a €86bn (£67bn) bailout deal for debt-ridden Greece, sellers on online marketplace Ebay have been making a tidy profit on signed photographs of Varoufakis. Yep: photos [...]
Philip Morris misses expectations but raises its full-year earnings forecast due to currency movements sending the premarket share price higher April 19, 2016 Philip Morris, the largest listed tobacco company in the world, has posted first-quarter earnings of $1.53bn (£1.06bn), but fallen short of analyst expectations. First-quarter earnings per share came in at 98 cents, missing analyst consensus of $1.11 according to a poll by Zacks Investment Research. Sales at the US cigarette giant, excluding excise taxes, fell 8.1 per cent to $6.08bn. Analysts had pencilled [...]
McCarthy & Stone share price rises after retirement home builder reports 33 per cent revenue growth April 19, 2016 McCarthy & Stone's share price was up this morning after the retirement home builder reported 33 per cent revenue growth. The figures In the six months to 29 February, McCarthy & Stone reported revenue of £250.2m, up from £188.5m in the same period last year. Its underlying pre-tax profit was £39.1m, up 23 per cent from [...]