After the Nvidelity comes the Huangover. Jensen Huang joins long list who confused boardroom and bedroom
Bank of America’s profits fall as it misses analyst expectations on revenue April 14, 2016 Bank of America's first quarter net profit slumped by 13 per cent to $2.68bn from $3.1bn last year. It did though managed to match analysts expectations with earnings per share at $0.21, according to a Bloomberg poll. Revenue came in under expectations at $19.5bn, down from $20.9bn in the same period last year. Watchers had forecast revenue of $20.09bn. Shares climbed nearly four per cent [...]
Tube: Six month trial for standing-only escalators at Holborn starts Monday April 14, 2016 The six month trial of standing-only escalators at Holborn station will start on Monday. During the trial commuters will have to stand on both sides of the escalator, rather than walking on one side. The scheme was first announced last month in order to boost capacity at one of London's busiest Tube stations. The thinking behind [...]
Gulf Keystone plummets as debt repayment fears mount April 14, 2016 Shares in Gulf Keystone Petroleum tumbled today after the Kurdistan-focused oil producer warned that it could miss a bond payment later this month. The London-listed company said it would utilise a grace period regarding payments that are due 18 April on bonds which expire 2 May and 3 May respectively. Its shares fell as much as 33.1 per cent to 4.7p [...]
Bank of England holds interest rates at 0.5 per cent and steps up its warnings on Brexit April 14, 2016 Brexit could cause a prolonged period of instability in the UK economy, dramatically reduce the value of the pound and weaken growth, the Bank of England has warned, as it voted unanimously to hold interest rates at their record low of 0.5 per cent for another month. The rate-setting Monetary Policy Committee (MPC) made no [...]
Jeremy Corbyn ahead of George Osborne on best Prime Minister, according to poll April 14, 2016 Jeremy Corbyn is doing well in the eyes of the public of late, now seen as a better potential Prime Minister than George Osborne and closing the lead held by David Cameron. A new poll shows that Corbyn has a 13 point lead over Osborne, while has closed the gap with Cameron from 24 points [...]
Ladbrokes-Gala Coral merger faces delay in provisional decision from Competition and Markets Authority April 14, 2016 The Competition and Markets Authority (CMA) has delayed a provisional decision on the merger of betting giants Gala Coral and Ladbrokes, an industry source has told City A.M. The decision was expected to be announced on 18 April or soon after, but this deadline is now "highly unlikely", according to the source. The final decision on the [...]
The Green Deal cost taxpayers £17,000 per household April 14, 2016 The government's abandoned flagship energy-saving programme cost the taxpayer £17,000 per each home that was improved, a watchdog has said. The National Audit Office (NAO) said that "the Green Deal has not achieved value for money". The scheme cost the taxpayer £240m, including grants to stimulate demand, but has generated additional energy savings. "This is because [...]
RBS is axing 600 jobs and shuttering 32 NatWest branches, according to the Unite union April 14, 2016 Royal Bank of Scotland has told staff it will be making 600 job cuts and closing 32 branches in its NatWest subsidiary, according to the Unite union. The closures are broken down to 18 branch closures in the bank's northern region, and up to 217 job losses. A total of 220 branches will change their opening hours. In the Midlands [...]
EU referendum: Jeremy Corbyn outlines pro-EU case but opponents say he’s been gagged April 14, 2016 Jeremy Corbyn has set out his case for why the United Kingdom should vote to remain in the European Union, in his first intervention of the campaign. The Labour leader stressed the "socialist case" for remaining in the 28-member bloc. While acknowledging the shortcomings of the EU, he argued that reform should be made from within, and [...]
Updated figures show the Eurozone isn’t in deflation after all as prices remained unchanged in March April 14, 2016 The Eurozone isn't in deflation after all, official statistics released this morning have shown. The final estimate for the consumer prices index (CPI) measure of inflation for the single currency bloc, released this morning, came in at zero per cent – meaning prices actually remained unchanged over the last 12 months Two weeks ago, Eurostat, the [...]