After the Nvidelity comes the Huangover. Jensen Huang joins long list who confused boardroom and bedroom
The most imaginative Boris Island December 17, 2013 POOR Boris. Sir Howard Davies all but ruled out the chances of his estuary airport hub ever seeing the light of the runway yesterday – describing it as “imaginative” but giving expansion at Heathrow or Gatwick the green light in his report. Taking these sentiments a step further, comedian David Schneider tweeted this picture of [...]
At home with Jamie Dimon: The JP Morgan boss shows us his backhand in this panoramic family-packed Christmas card December 17, 2013 LAST week we revelled in political Christmas cards; the good, the bad and the er, down right weird (yes, you, Godfrey Bloom). Today we bring you corporate Christmas cards US style – in the form of JP Morgan boss Jamie Dimon’s card. And what a card it is. Not content with using one side of a [...]
GSK to stop paying doctors in overhaul to marketing plan December 17, 2013 GLAXOSMITHKLINE will stop paying doctors for promoting its drugs and scrap prescription targets for its marketing staff – a first for an industry battling scandals over its sales practices, and a challenge for its peers to follow suit. The drugmaker also said yesterday it would stop payments to healthcare professionals for attending medical conferences as [...]
Drivers foot bill as car insurers pass on £200m in extra costs December 17, 2013 THE PRIVATE motor insurance industry is passing between £150m and £200m in extra costs on to consumers every year, a report from the Competition Commission has found. Gaps in the settlement process for non-fault claims, overcharging for hire cars and inadequate repairs are behind the rising premiums, according to the report. It also concludes that a [...]
City Moves for 18 December 2013 | Who’s switching jobs December 17, 2013 Arbuthnot Latham The private bank has appointed Clara Gandelman Vila as a senior private banker in its executives team. She was most recently at UBS Wealth Management, where she was a client adviser in its key clients and high net worth divisions, focusing on UK and international private clients. Debevoise & Plimpton The law firm has recruited Tony [...]
Best of the Brokers for 18 December 2013 December 17, 2013 To appear in Best of the Brokers, email your research to notes@cityam.com ASOS Panmure Gordon has downgraded the online fashion store from a buy to a hold rating,but as increased its target price from 5,950p to 6,126p. After a 124 per cent rise in the share price this year, Panmure thinks this momentum is unsustainable, [...]
London Report: Supermarket slump sees FTSE fall again after Monday’s lift December 17, 2013 BRITAIN’S main equity index fell yesterday, with big supermarket groups hit by fresh signs of a loss of market share, while uncertainty over future US monetary policy also weighed on the market. The blue-chip FTSE 100 index closed down by 0.6 per cent, or 36.01 points, at 6,486.19 points, retreating after a 1.3 per cent [...]
New York Report: US markets dip amid Fed meet December 17, 2013 US STOCKS closed slightly lower yesterday, with investors reluctant to make big bets before the results of a Federal Reserve meeting that could give some clarity as to when its policy-setting committee will begin trimming its stimulus. The Dow Jones industrial average slipped 9.31 points, or 0.06 per cent, to close at 15,875.26. The Standard [...]
Any Other Business – 18/12 December 17, 2013 ANDREW Sentance, senior economic adviser to PwC and a former member of the Bank of England’s monetary policy committee, is well-known for his rock’n’roll take on economics. So when The Capitalist caught up with him, we thought it was only right to talk music. The result? He put together a suggested playlist for Bank of [...]
Are things getting uglier for gold? December 17, 2013 It's a tough time for gold prices at the moment. The $15 per ounce rise seen yesterday has been wiped out UK and Asian trading today, as the US dollar climbed and stock markets stayed cautious, in anticipation of tapering action from the Fed tomorrow. HSBC have said in a note: "The bullion market is [...]