After the Nvidelity comes the Huangover. Jensen Huang joins long list who confused boardroom and bedroom
China economy’s growth slows to 6.7 per cent, but government says it represents “good start” to 2016 April 15, 2016 China's economy grew by 6.7 per cent year on year in the first quarter of 2016, the nation's government has said. It marks the slowest quarterly growth for the country's economy since 2009. But the figure is in line with expectations and China's own growth targets. Read more: China's economy grew by seven per cent in [...]
Dolmio and Uncle Ben’s parent company Mars Food to warn products should only be eaten “occasionally” April 15, 2016 Wolfing down huge plates of spaghetti with Dolmio sauce on a nightly basis might seem like the sort of thing the chief medical adviser would warn against – but now the company behind the brand is warning that its own product should only be eaten "occasionally". Mars Food has said items that are higher in fat, sugar [...]
City A.M. Unregulated: Episode 2 – Mayoral debate and Boris Johson are up for discussion with Vicky Pryce and Alex Wild April 15, 2016 In the second episode of City A.M.'s podcast we dissect this week's debate between London mayoral candidates Zac Goldsmith and Sadiq Khan. Hosts Emma Haslett and Zak Mir are joined by Alex Wild, from the TaxPayers' Alliance, and economist Vicky Pryce to unpick the topics covered in City A.M.'s Zac v Sadiq hustings – including the race conversation, the "Zac [...]
One in five Londoners will only ask for a pay rise once they’ve had a drink, according to new research April 15, 2016 When it comes to getting a pay rise in the City, only Dutch courage can make it happen. Everyone has their own ideas on how to approach your boss, but one in five London workers say they wouldn't ask for a pay rise unless they've had a drink, according to new research. Despite the fact that [...]
One month after the legal row died down, Wenworth still can’t see eye to eye with its mining boss tennis captain Kirill Klip April 15, 2016 We thought it was all over. Surrey's stockbroker belt made national headlines recently as members of the prestigious Wentworth Golf Club revolted against its owner Reignwood, after the billion pound property firm wanted to enforce a re-joining fee which would've seen current members shell out £100,000 to keep their golfing privileges. After months of to-ing and fro-ing, [...]
City Moves for 15 April 2016 | Who’s switching jobs April 15, 2016 Bibby Line Group Bibby Line Group has appointed Gaurav Batra as chairman. Gaurav is currently strategy director and also chairs Garic Ltd, Bibby’s plant hire subsidiary. He joined the group in 2013, having previously worked at Virgin Group in corporate development and strategy. McKay Securities Real estate investment trust McKay Securities has announced that Richard Grainger [...]
Spike in level of UK firms in balance sheet trouble ahead of Brexit vote April 15, 2016 The number of businesses suffering financial distress leapt 20 per cent in the last year, according to analysis by insolvency firm Begbies Traynor. More than 274,000 firms across the UK were either behind on their debt repayments in the first quarter, or had experienced a “marked deterioration” in their financial health since the start of [...]
MPs slam HM Revenue & Customs for not doing enough to tackle tax fraud April 15, 2016 A report released today has criticised the UK's tax authority for not making headway in the battle against tax fraud. The report by the Public Accounts Committee (PAC) said there had been limited progress made in reducing the losses from tax fraud, which costs HM Revenue & Customs (HMRC) around £16bn per year in uncollected taxes. The PAC [...]
Investors could be warming up for another shareholder spring, as BP’s chief executive Bob Dudley has near $20m pay packet voted down April 14, 2016 Blue chip companies have reached the “last chance saloon” for outlandish boardroom pay packages, as leading investors warm up for what could be another shareholder spring following Thursday’s rejection of BP’s $20m pay deal for CEO Bob Dudley. An unprecedented 59.29 per cent of BP shareholders voted against Dudley’s proposed $19.6m (£13.8m) remuneration package, which [...]
Scandals like the Panama Papers report have made people demand more transparency from their banks April 14, 2016 A stream of seemingly constant scandals has made people demand more from their banks, a survey released today has found. The poll by Triodos Bank discovered that the news agenda in 2015, which included the conviction of Tom Hayes for Libor-related offences and the publication of a report into the HBOS collapse, had led to 22 per [...]