After the Nvidelity comes the Huangover. Jensen Huang joins long list who confused boardroom and bedroom
PMQs today: Prime Minister David Cameron grilled by Jeremy Corbyn on tax transparency as he confirms he will remain PM if UK votes for Brexit April 13, 2016 Prime Minister David Cameron came under pressure this week from Jeremy Corbyn, who probed heavily on tax affairs in the wake of the Panama papers. Cameron had to admit his original plans to get the overseas territories and crown dependencies, including the British Virgin Islands, to have public registers have been shelved. Cameron said that there [...]
Megabrew latest: AB InBev tells EU antitrust regulators it would sell SABMiller’s Peroni, Grolsch and Meantime brands April 13, 2016 Anheuser-Busch InBev has attempted to avoid a corporate hangover in its takeover of fellow drinks giant SABMiller, in the latest move in the so-called megabrew deal. AB InBev has formally informed European antitrust regulators it plans to sell the premium European Peroni, Grolsch and Meantime brands owned by SABMiller to avert competition concerns as the drinks giant tries to [...]
Blue sky thinking, puppy punching and touching base – 10 office jargon phrases that need to die by close of play April 13, 2016 As anyone in the City knows, colleagues love a bit of blue sky thinking before close of play – and nothing beats touching base offline for a quick thought shower, unless of course none of you are singing from the same hymn sheet while you're trying to peel the onion. If you understood and agreed with the above sentence, [...]
Property bubble shows no sign of popping yet as mortgage lending marches higher April 13, 2016 Mortgage lending grew by one-fifth over the last twelve months as the number of first time buyers, people moving homes, buy-to-let investors and remortgages all grew according to the Council of Mortgage Lenders (CML). In total, £8.7bn was taken out for new mortgages in February 2016, up 21 per cent on last year, while another [...]
Craft beer prices threatened by hop shortages following heatwaves in Europe last summer April 13, 2016 There's no easy way to say this, but if you're a fan of craft beer and ale, now could be the time to drink up fast. In the coming months, craft beer producers could be forced to raise the prices of their increasingly popular brews following heatwaves last summer that have led to shortages of [...]
EU referendum: “Talk to Gran” campaign launched by pro-Remain group April 13, 2016 A pro-EU group has launched its "Talk to Gran" campaign in an effort to shore up support from older generations by asking younger voters to try and sway their grandparents. Britain Stronger in Europe, the pro-Remain campaign, wants its younger supporters to send postcards to their older relatives telling them why they are voting for continued [...]
Tube strike: London underground workers threaten industrial action in housing project battle April 13, 2016 A fresh battle is brewing after London Underground workers threatened to strike over a housing project battle which would result in a Tube depot being demolished. The RMT Union said the at 400 maintenance engineers have been "caught in the middle of a mad dash by mayor Boris Johnson to bulldoze through the demolition of whole [...]
Tracey McDermott to leave the Financial Conduct Authority April 13, 2016 The Financial Conduct Authority (FCA) has announced Tracey McDermott, its acting chief executive, will leave at the beginning of July. In a statement today it said McDermott, who was appointed as acting chief exec in September, will leave when Andrew Bailey takes up the full-time role later this year. In December last year McDermott pulled out [...]
BT’s going on a massive security hiring spree April 13, 2016 BT is going on a hiring spree. The telecoms firm announced this morning that it will hire 900 people over the next 12 months focused entirely on security. They will largely be based in the UK, in London, Sevenoaks and Cardiff, but with some roles in Europe, the Middle East, America and Asia, while some of [...]
Brent crude and WTI: Oil prices tumble after Saudi minister rules out cut April 13, 2016 Oil prices tracked low this morning, after Saudi Arabia's oil minister reportedly said that investors should "forget about" a production cut. Ali al-Naimi, told the al-Hayat newspaper that an outright production cut, as demanded by some producers, was out of the question. "Forget about this topic," al-Naimi told the paper, reiterating the Kingdom's previous position on a possible [...]