After the Nvidelity comes the Huangover. Jensen Huang joins long list who confused boardroom and bedroom
EU referendum: Lloyds Banking Group warns of Brexit creating “economic uncertainty” April 14, 2016 Lloyds is the latest bank to issue a warning over Brexit. The banking group warned of economic uncertainty and short term volatility, while the long term impact was unclear. The group which runs Lloyds, Halifax, Bank of Scotland and Scottish Widows and is the UK's biggest retail bank with 30m customers said in a statement: "The board [...]
Why Build to Rent is the answer to London’s housing shortage April 14, 2016 Every week, City A.M. invites an industry professional to write about an emerging trend in the property market. Build to Rent represents a new way of living at a time when people are struggling with affordability and poor rental accommodation. And it could be the answer to the UK’s housing shortage providing large numbers of [...]
Masterchef’s Michel Roux Jr plans to cook at Le Gavroche with herbs grown artificially underground April 14, 2016 London’s first (above-board) subterranean farm opens for full production today, and first in the checkout queue is Michel Roux Jr. Growing Underground, a well-lit greenhouse set up 100 feet below Clapham Common, was developed last year in tunnels originally used for sheltering Londoners during WWII. The team behind the initiative have been growing micro-herbs with artificial lighting [...]
Consumer goods giant Unilever warns over emerging market growth as it reports it’s on track to hit sales targets, share price tracks higher April 14, 2016 Anglo-Dutch multinational consumer goods giant Unilever, maker of many well known high street brands, has warned over future growth in emerging markets despite ratcheting up sales growth of 8.3 per cent in burgeoning economies over the last three months. Meanwhile European sales dropped by 0.6 per cent, put down to eurozone deflation and the price cutting war brought on by the [...]
Consumer goods giant Unilever warns over emerging market growth as it reports it’s on track to hit sales targets, share price tracks higher April 14, 2016 NULL
The International Monetary Fund (IMF) is going big on its economic warnings April 14, 2016 The International Monetary Fund has been dishing out bitter pills all week from its spring conference taking place in Washington DC. Europe’s banks have been told they face a profitability crisis, countries around the world, including the UK, have had their growth forecasts slashed, and the Fund’s managing director Christine Lagarde has taken a generally [...]
Inflation slips back in the United States, but Federal Reserve still likely to raise rates in June April 14, 2016 US INFLATION slipped back in March as cheaper clothes and food helped to offset a jump in petrol prices, easing the immediate pressure on the Federal Reserve to raise interest rates. The headline consumer prices index (CPI) came in at 0.9 per cent in the 12 months to March — down from a reading of [...]
Holiday homes on the Costa del Sol are set to rise in the next few years as supply begins to run dry April 14, 2016 The Spanish property market may have been in a slump for the past few years but the bounce back has started. Enquiries are up in Marbella, glittering hang out of reality TV stars and the superyacht set, as well-heeled buyers source a home on the Med. The main hub of activity in this Costa del [...]
Asda and Aldi recall white and dark rums over fears of glass fragments in bottles produced by Glen Turner Co April 14, 2016 Bottles of dark and white rums sold in Aldi and Asda have been recalled by the food and drinks watchdog over concerns the bottles may contain "small fragments of glass". The spirits producer Glen Turner Co, which supplies both supermarket chains, has recalled 70cl bottles of rum on a precautionary basis as they pose "a [...]
McDonald’s target private equity firms in Asia as it seeks super size sell-off of 2,800 restaurants April 14, 2016 Global fast food giant McDonald's has begun targeting private equity firms in its bid to sell 2,800 restaurants located in northern Asia. Bain Capital, MBK Partners, TPG Capital Management and the Chinese state-backed conglomerate China Resources (Holdings) are among the firms that have been approached about the buyouts, Reuters reported. The Big Mac maker is serving [...]