After the Nvidelity comes the Huangover. Jensen Huang joins long list who confused boardroom and bedroom
Camra and the British Beer and Pub Association slam government’s late night levy and call for partnership schemes between councils and police April 19, 2016 Alcohol and pub industry bodies have slammed the government's late night levy on the pub sector and urged councils and police to consider partnership schemes as a "more effective" alternative. In a report released today, the Campaign for Real Ale (Camra) and the British Beer and Pub Association (BBPA) criticised the scheme's low take-up rates [...]
UK private equity firm 3i sells German jeweller called Amor for £89m April 18, 2016 FTSE 100-listed 3i Group said today that it's sold German jewellery business Amor to another private equity firm for around £89m. 3i made total proceeds of €197m (£156.1m) from selling the Frankfurt-based affordable jewellery company to Gilde Buy Out Partners, representing a 2.5 times euro multiple, or 2.3 times sterling multiple. Read more: 3i Group considers floating discount gym chain 3i's proceeds of £89m is also equivalent [...]
Brazil’s economic woes won’t end with Rousseff April 18, 2016 Brazil's stock market, the Bovespa, remained relatively unchanged in early trading, despite expectations it would rally following Sunday's congressional vote to impeach beleaguered president Dilma Rousseff. The surprise reaction may have signalled a balancing out of two conflicting influences affecting the oil-dependent country. News of Rousseff's impeachment had been expected to buoy markets, but the [...]
IMF boss Christine Lagarde takes to Twitter for a live Q&A April 18, 2016 IMF boss Christine Lagarde followed in the footsteps of other social-media savvy central bankers to answer questions on Twitter today. She touched on everything from how the refugee crisis will affect the global economy, to tackling the problem of tax havens thrown up by the Panama Papers, as well as how women can contribute to global economic [...]
Department of Business, Innovation and Skills defends board member who approved BP boss’ pay bonanza April 18, 2016 The Department for Business, Innovation and Skills (BIS) is standing by the BP director who backed the mammoth executive pay deal that triggered a shareholder revolt last week. Professor Dame Ann Dowling – who serves on the government department’s board as well as chairing the oil giant’s remuneration committee – sanctioned the £13.8m pay package [...]
Housing association L&Q to build 200 homes after buying £150m Wandsworth Town site April 18, 2016 The housing association London & Quadrant (L&Q) has announced plans to build a further 200 homes in south London after buying a £150m development site near Wandsworth Town Centre. L&Q, which is currently in merger talks with two other associations to create the country's fourth biggest housebuilder, said it has purchased Garratt Place near Earlsfield station from Wandsworth Council and South Thames College. [...]
Death of a unicorn: Inside one of the biggest startup failures of all time – and Powa Technologies boss Dan Wagner’s surprise statement April 18, 2016 Powa Technologies, once valued at more than $1bn making it one of Britain's rare breed of so-called unicorns, collapsed into tech myth earlier this year. In fact, it was one of the most well funded startups in the world to ever fail, according to tech data gurus at CB Insights, after raising multi-millions of pounds worth [...]
Never mind stress tests, Merlin Entertainments is scare-testing its new Ghost Train at Thorpe Park with the help of illusionist Derren Brown April 18, 2016 Central banks are known for their stress tests, but theme park giant Merlin Entertainments is taking its scare tests extremely seriously ahead of the launch of a new ride at Thorpe Park. The firm, which came under fire after a crash on the Smiler rollercoaster at Alton Towers left 16 people injured last summer, has [...]
Poet Laureate Carol Ann Duffy is writing an ode to meters as traditional gas and electricity meters are set to be replaced by smart models by 2020 April 18, 2016 Is this how Carol Ann Duffy imagined her life as a writer? The poet laureate has announced she is writing her most unusual piece yet; an ode to the traditional meter, which will be published to mark the passing of traditional gas and electricity meters, the coming of smart meters and the end of estimated bills. Duffy [...]