After the Nvidelity comes the Huangover. Jensen Huang joins long list who confused boardroom and bedroom
What you need to know before the open – 17/12 December 17, 2013 A string of inflation numbers today will provide the main focus for markets, with UK data for November expected to remain at multi month lows – 2.2 per cent on an annualised basis. The US consumer price index could well rise on an annualised basis, which may prove telling, given the current uncertainty [...]
Boris Island misses out on new runway shortlist December 17, 2013 Both Heathrow and Gatwick have been shortlisted as possibilities for new runways by the Airports Commission this morning. None of the Thames Estuary options have made the shortlist, but the commission said that it will be deciding next year whether the Isle of Grain – Boris Johnson's favoured location – could provide a feasible option alongside [...]
Any Other Business – 17/12 December 17, 2013 IT’S good to see that a bit of jail time hasn’t stopped friends of Vicky Pryce (Chris Huhne’s ex-wife and member of City A.M.’s shadow MPC) from inviting her to their Christmas festivities. The Capitalist is pleased to hear that Pryce, who spent two months in Holloway Prison for perverting the course of justice, had [...]
Smashing through the glass elevator December 16, 2013 Inga Beale will be first female chief executive of 325-year-old Lloyd’s of London market LLOYD’S of London yesterday appointed Inga Beale as its new chief executive – the first woman to be given the role in the insurance market’s 325 year history. Beale will take over from Richard Ward in the New Year, and joins [...]
The £30m man: London clubs count cost of Villas-Boas December 16, 2013 FOOTBALL manager Andre Villas-Boas cost Tottenham and Chelsea a combined outlay of close to £30m in less than two-and-a-half years in England. The Portuguese’s 17-month tenure at Spurs ended yesterday when he was sacked, just hours after losing 5-0 to Liverpool in the Premier League club’s worst home defeat for 16 years. Villas-Boas is thought [...]
Finance firms contribute £65bn to UK tax coffers December 16, 2013 THE UK’S financial services contributed £65bn in taxes during 2012-13, rising £2bn from last year to make up more than one tenth of all revenues. Taxes borne by and collected from financial institutions rose to 11.7 per cent of all Her Majesty’s Revenue and Customs (HMRC) in 2012-13, according to research by PwC and the [...]
Banking Bill gets go ahead December 16, 2013 A RAFT of new banking rules got the green light in the House of Lords last night. The rules introduce a licensing regime for senior bankers and erected a ringfence between banks’ retail and investment arms. But lawyers said much detail still needs to be worked out. “It remains to be seen whether this will lead [...]
Upbeat firms to hire in 2014 December 16, 2013 MORE than half of British businesses expect to raise their staff numbers next year, the strongest indication from firms that they are ready to increase employment since the financial crisis. Fifty-one per cent of firms think their workforce will be larger in 12 months than it is now, according to a survey by the CBI [...]
Business groups speak out for extra runways December 16, 2013 BUSINESS groups have urged the government to press ahead with airport expansion no matter what the Davies Commission recommends today. Sir Howard Davies’ panel is this morning due to set out a handful of shortlisted options for adding space to the south east of England’s airports, in which Heathrow is believed to feature heavily. But [...]
What the other papers say this morning – 17 December 2013 December 16, 2013 FINANCIAL TIMES US judge ruling on NSA surveillance The National Security Agency’s surveillance methods have suffered a significant legal setback after a federal judge ruled yesterday that a programme that collects bulk phone records was likely to be unconstitutional. In an often scathing ruling about the activities of the NSA, the court said the programme [...]