After the Nvidelity comes the Huangover. Jensen Huang joins long list who confused boardroom and bedroom
Five million avocados later: Sales rise at Pret a Manger April 19, 2016 Apparently we're a nation of carb-free avocado loving sandwich eaters. The figures Sales at the City's favourite lunch stop were up 13.9 per cent to £676.2m in 2015, or 7.5 per cent on a like-for-like basis, according to the company's annual results. US like-for-like sales alone grew 13.8 per cent. That helped earnings before interest, taxation, [...]
Rio Tinto lowers 2017 iron ore guidance due to delay of its driverless train system AutoHaul April 19, 2016 Rio Tinto has cut its 2017 production guidance but posted year-on-year gains. The figures Global iron ore production for the first quarter of the year were reported at 84m tonnes, up 13 per cent from last year. However, the figure for first quarter iron ore production represents a four per cent fall compared to the last [...]
Enlarged Amryt Pharma joins Aim after reverse takeover of Fastnet April 19, 2016 Amryt Pharma, a specialty drugs company focusing on orphan diseases, is listing on the London Stock Exchange this morning after a reverse takeover of Fastnet Equity. The group raised £10m through fundraising for the acquisition, and will appear under the ticker symbol AIM:AMYT. It is simultaneously listing on the Irish Stock Exchange as AYP. On [...]
Cheers: MegaBrew takes a step closer as AB InBev accepts Asahi’s $2.55bn Peroni and Grolsch bid April 19, 2016 The MegaBrew deal has just taken a step closer, with AB InBev accepting Asahi’s $2.55bn (£1.77bn) offer for SABMiller’s beer brands Peroni, Grolsch and Meantime. The deal – which will be Asahi's biggest acquisition and a megabrew deal of its own in Japan – comes as the Belgian firm looks to complete its £70bn takeover of SABMiller. It is a [...]
Zoopla buys Property Software Holdings for £75m April 19, 2016 Online property portal Zoopla is to buy Property Software Holdings – a B2B service provider used in more than 8,000 estate agency branches in the UK – for £75m. The deal, under which Property Software Group (PSG) will join the likes of uSwitch and PrimeLocation, gives Zoopla access to a number of systems used by the property [...]
Primark parent Associated British Food’s share price rises as profits climb but currency woes take their toll April 19, 2016 Profits were up across the board at Associated British Foods for the first half of the year – but currency woes have hurt top line growth. The figures Group revenue for the Weston-owned business stood at £6.12bn over the 24 weeks to 27 February, down two per cent on an actual basis or up two [...]
City Moves for 19 April 2016 | Who’s switching jobs April 19, 2016 Savills Real estate group Savills has acquired the City investment team from Deloitte Real Estate, led by Jamie Olley. Jamie and his colleagues Thomas Reeves, Jamie Binstock and David McArthur provide investment advisory services focused solely on the City of London. The team will relocate to Savills City office in mid-June, and will work alongside Savills’ [...]
Challenger banks: More than just a fancy app? April 19, 2016 It was hard to go a week last year without hearing another story about a startup threatening the existence of the banks. Challenger banks in particular popped up left, right and centre, looking to take a swipe at the established players. Many of them are mobile-only banks, allowing customers to carry out traditional banking tasks via [...]
Osborne sparks a Tory backlash: Furious MPs blast Treasury report as chancellor George Osborne claims he’s given Britain the facts on EU referendum April 19, 2016 NULL
Osborne sparks a Tory backlash: Furious MPs blast Treasury report as chancellor George Osborne claims he’s given Britain the facts on EU referendum April 19, 2016 The Treasury's forecasts that UK households will be £4,300 worse off a year by 2030 if we leave the European Union were slammed by eurosceptics yesterday, with MPs calling the chancellor’s report “pathetic” and “desperate”. The split between pro- and anti-EU members of the Tory party widened into a chasm after the Treasury’s analysis claimed that a [...]