After the Nvidelity comes the Huangover. Jensen Huang joins long list who confused boardroom and bedroom
Spotify backer Accel moves headquarters in West End to The Crown Estate’s One New Burlington Place April 18, 2016 East London may have stolen the tech spotlight in recent years as new and more established names flocked to get a foothold in Tech City, however, the West End has proved it is still getting its fair share of deals. The Crown Estate has today announced that fintech venture capital firm Accel will move its European headquarters to one [...]
Virgin London Marathon 2016: Here is everything you need to know including tips, weather forecast and elite runners April 18, 2016 It's that time of year again. Sunday 24 April will bring chaos, pain and hopefully an overwhelming sense of achievement as 35,000 runners line up to take part in the 2016 Virgin London Marathon. If it's your first race, or you're just a bit forgetful, here's everything you need to know to survive the 26.2m [...]
London Marathon 2016: What time it starts, where to watch, what the weather forecast is and the best pubs along the route April 18, 2016 Carb-loading, hamstring-stretching and thanking your lucky stars that you can actually have a lie in from next weekend onwards? Welcome to the London Marathon…. This weekend the capital will be over-taken by more than 35,000 runners (and more than a few walkers) looking to finish the 26.2m course. If you haven’t been sleeping, eating and [...]
Edmond de Rothschild targets “flurry of M&A activity” expected in UK after EU referendum April 18, 2016 Edmond de Rothschild Asset Management has launched a new UK equity fund in anticipation of a "flurry of M&A activity" in the UK after the EU referendum. The Edmond de Rothschild Fund UK Synergy will target takeover deals and companies for restructuring. The fund was seeded with £3m and Edmond de Rothschild is aiming to build [...]
World’s largest producers of fake goods revealed as value of counterfeit goods nears half a trillion dollars per year April 18, 2016 The counterfeit goods trade around the world is worth almost half a trillion dollars a year, according to a new report by the Organisation for Economic Co-operation and Development (OECD) and the European Union’s Intellectual Property Office. The value of imported fake goods worldwide stood at $461bn (£325bn) in 2013, 2.5 per cent of the [...]
The Financial Reporting Council (FRC) issues new guidance on company solvency and going concern basis April 18, 2016 The accountancy watchdog has today issued new guidance for companies on how to make it clear in their accounts whether their business can afford to keep running for the foreseeable future. The report published by the Financial Reporting Council (FRC) aims to help directors to understand the going concern basis in accounting alongside the relevant disclosure requirements. The [...]
Beware: Your energy bill could rise by £152 at the end of April if you don’t switch supplier April 18, 2016 Households will be hit with a £152 increase to their annual energy bills at the end of the month unless they switch providers, as several fixed tariffs come to an end. Of the 17 fixed deals that expire on Saturday 30 April, 11 will result in customers being automatically switched to a more expensive standard variable [...]
Pepsico’s revenue drops three per cent, but earnings beat analyst expectations April 18, 2016 Pepsico's reported revenue fell by 2.9 per cent in its first quarter, but its earnings beat analysts' expectations. The figures In the quarter to 19 March, the Pepsi, Tropicana and Quaker porridge maker reported net income attributable to the firm of $931m (£657m), down from $1.22bn in the same period last year. Its net revenue was $11.86bn, down [...]
Morgan Stanley share price rises despite 54 per cent slump in profit April 18, 2016 Morgan Stanley, the latest US bank to beat very low expectations in the first quarter, has posted a 54.4 per cent drop in profit after wild market swings earlier this year dragged on trading and investment banking. Earnings per share (EPS) fell to 55 cents in the quarter ended 31 March, from $1.18 per share a year earlier. Analysts had on average [...]
Centrica boss Iain Conn avoids BP-style defeat over pay packet April 18, 2016 Centrica boss Iain Conn has avoided a BP-style defeat over his pay packet – but not without some resistance from shareholders. Conn's £3m remuneration was contested by around 15 per cent of the 72 per cent of shareholders who voted before the AGM took place. Clearly Centrica's shareholders are less revolting than BP's, where an unprecedented 59.29 per [...]