After the Nvidelity comes the Huangover. Jensen Huang joins long list who confused boardroom and bedroom
EU referendum: Vote Leave’s John Longworth slams IMF as “wrong consistently” and claims there is no evidence Brexit vote is causing investment delays April 13, 2016 John Longworth, the former head of the British Chambers of Commerce turned Brexit campaigner, has denied there is any evidence investment decisions are being held up by the looming EU referendum. He was speaking after the International Monetary Fund yesterday warned that a so-called Brexit would cause major instability to the UK, European and world economies. [...]
House of Fraser posts first profit in a decade April 13, 2016 House of Fraser has posted a return to profit for the first time since 2006, as the venerable department store business goes from strength to strength under its Chinese parent. The figures Sales were up 4.2 per cent to £1.3bn for the year to 30 January, with online sales up 26.8 per cent. They now account [...]
UK immigration: Why are EU citizens coming to the UK? April 13, 2016 As the EU referendum approaches and the debate intensifies, immigration remains a key battleground for both camps. And while Prime Minister David Cameron has said that his reforms on migrants claiming benefits will reduce the pull factor for those from the EU, a new report states that it is employment opportunities that is the biggest [...]
London mayoral election 2016: Where do Zac Goldsmith, Sadiq Khan, Sian Berry, Caroline Pidgeon and Peter Whittle stand on housing? April 13, 2016 With 22 days left to go until London elects its next mayor, each candidate is out vying for votes across the capital. To get those votes candidates have been going to battle on a range of issues. But none is more prevalent than housing. Polling of those who live in London shows that housing is identified as [...]
Fintech collaborators gain ground on disrupters as global investment rockets by 67 per cent in first quarter of 2016 April 13, 2016 It pays to be kind in fintech. Or, at least, it shows how mature you are. A new report has suggested collaborative fintech ventures, which target financial institutions as customers, are gaining ground on disrupters, which aim to compete with them. Globally, collaborative ventures accounted for 38 per cent of all fintech investment in 2010. In [...]
Tesco drags Sainsbury’s and Morrisons share price down too April 13, 2016 Tesco might have hoped for a better reaction to its news that it has returned to profit this morning than for investors to send its share price tumbling. Perhaps it was the relatively cautious statement given by chief executive Dave Lewis, or the fact that while profits were above consensus expectations, sales missed by a touch. Or [...]
City A.M. debate: Watch the key moments from our head-to-head between mayoral candidates Zac Goldsmith and Sadiq Khan April 13, 2016 Last night saw mayoral candidates Zac Goldsmith and Sadiq Khan go head-to-head to try and convince Londoners to vote for them come 5 May. The two MPs exchanged heated words over the issue of Islamophobia and claims of racism that have tainted the campaigns in recent weeks, with Goldsmith rejecting claims that he had be [...]
WH Smith’s reports double-digit profit growth in first half – and yes, adult colouring-in books are still a thing April 13, 2016 WH Smith has delivered strong first half results, with profit and earnings up double-digits and an improvement in high street sales. But investors appeared unimpressed: WH Smith's share price was down 4.1 per cent in morning trading. The figures The stationer reported group pre-tax profit of £80m for the six months to 29 February, up 11 [...]
Premier Foods share price drops 30 per cent after US company McCormick gives up on bid to buy Mr Kipling owner April 13, 2016 US company McCormick has given up on its bid to buy rival Premier Foods following a due diligence review. The UK company's share price dropped by more than 30 per cent this morning to 39.74p. Premier Foods, which owns Mr Kipling, had previously rejected three offers from McCormick. But Premier announced last week that it would be meeting with [...]
Tesco’s share price drops as supermarket misses sales forecasts but beats consensus on profit April 13, 2016 Tesco's share price fell 4.7 per cent on the open this morning, despite the supermarket returning to profit and sales growth. The supermarket was the biggest faller on the FTSE 100 in early trading – and it was dragging some of its rival grocers down with it. [stockChart code="TSCO" date="2016-04-13 09:17"] The figures The troubled supermarket's [...]