After the Nvidelity comes the Huangover. Jensen Huang joins long list who confused boardroom and bedroom
Oil prices take a knock from margin hike May 10, 2011 OIL prices took a hit yesterday from the news of another hike in margins from the world’s largest commodities exchange. The CME Group announced the fourth rise since February, which will take effect from today. Margins will climb by 25 per cent, boosting the cost of holding positions. The CME’s move to make it more [...]
No fireworks at National Express AGM May 10, 2011 NATIONAL Express averted a shareholder showdown at its annual meeting after sealing an 11th-hour truce with its activist investor yesterday. Elliott Advisors, the group’s largest shareholder, accepted a one-year restraint on activism while former DHL UK chief executive Chris Muntwyler will join the board. National Express chief executive Dean Finch looked relieved as he spoke [...]
SHAREHOLDER VIEWS: WHAT DID YOU MAKE OF THE ANNUAL GENERAL MEETING? May 10, 2011 JOHN LANE | SHAREHOLDER “National Express stopped Elliott from putting its nominees on the board, and it has made the board push forward with the search process for non-executives. So I think it has been good for the company.” JON BARNES | SHAREHOLDER “It went quite well – people thought there might be fireworks, but [...]
Barclays wins $1bn on Lehman payout May 10, 2011 BARCLAYS yesterday won a $1.1bn (£682m) payout from the trustee of Lehman Brothers’ estate after agreeing a value for disputed assets linked to its purchase of Lehman’s US arm. The payment settles a dispute over how much “clearance box” assets that were held to facilitate the clearance of securities trading should be worth. A US [...]
HCL gets new directors May 10, 2011 SCANDAL-HIT recruitment firm Healthcare Locums (HCL) announced three new board members yesterday after five months without a management team – though some familiar faces remain. Chairman Peter Sullivan, who was brought in to oversee the firm in February shortly before founder Kate Bleasdale was sacked, has named Andy McRae as an executive director. McRae was [...]
Google joins online music drive May 10, 2011 Google has launched an online music locker service to allow users to store and access their songs wherever they are, similar to one launched by Amazon.com in March. Like the Amazon Cloud Drive player, the Google music service is being introduced without any prior licensing deals with major music labels, following months of fruitless negotiations. [...]
Ad revenues down at Johnston May 10, 2011 Johnston Press has said that its advertising revenues in the 18 weeks to May were down by 10.6 per cent from the same period a year ago, though the downward trend moderated to a decline of 7.8 per cent in the last five weeks of that period. The company also said that increased newsprint prices [...]
NEW START FOR THE LONDON STOCK EXCHANGE May 10, 2011 THE London Stock Exchange unveiled its new market opening ceremony yesterday, reinstating a tradition lost when the bourse closed its trading floors. Chancellor George Osborne (centre) formally opened the new LCD display at the exchange’s headquarters in Paternoster Square, which will be subsequently switched on by new companies joining the London market and “non-listing VIPs”. [...]
CITY’S REVENGE May 10, 2011 Crouch own goal ends Tottenham’s Champions League hopes as City guarantee top four finish MAN CITY (1) vs TOTTENHAM (0) TOTTENHAM manager Harry Redknapp insists his side’s season should not be branded a failure after Manchester City ensured entry to the Champions League for the first time in their history at the expense of last [...]
Britain’s unlikely track star May 10, 2011 HEARD the one about the record-breaking sprinter who switched over when the Olympics came on television? Montell Douglas is the fastest woman Britain has ever produced and one of the best home medal chances at London 2012, but that wasn’t always the way she intended it. Growing up in south London, Douglas, now 25, flamboyant [...]
