After the Nvidelity comes the Huangover. Jensen Huang joins long list who confused boardroom and bedroom
Carney backs big bonuses for top successful bankers February 17, 2014 SENIOR bankers should get big bonuses as long as the money is spread out over several years and can be clawed back if they make mistakes, Bank of England governor Mark Carney said yesterday. His argument runs counter to much of the criticism of high pay for bankers, as he favours the payouts when they [...]
Stamp duty is feeding the growing bubble in London’s house prices February 16, 2014 SUPPORTERS of financial transaction taxes (FTT), often known as Robin Hood taxes, claim that they can make markets safer. But a look at London’s frothy housing market makes this argument difficult to sustain. FTTs remove liquidity from markets, making bubbles more likely to form. And it looks like London house prices are booming thanks to [...]
Housing boom as deals near pre-crisis high February 13, 2014 HOUSE sale volumes hit their highest level in seven years in January, and are now just four per cent below the average seen in the boom years of 2000 to 2007, according to figures out today from LSL Property Services. Last month 73,000 properties changed hands, rocketing up 67 per cent compared with last January. [...]
Surveyors say house shortage is lifting prices February 12, 2014 A SHORTAGE of homes is forcing up house prices across the whole of the UK, according to a leading survey published this morning. The alarming figures follow a separate data release yesterday which showed mortgage-lenders ramping up loans to first-time buyers who are anxious to get on the housing ladder. Demand in the market appears [...]
Inside Track: Jenkins should settle Barclays’ £50m fine so he can move on February 12, 2014 RAISE £6bn from investors and hand more than half of it back to employees and investors six months later: as a formula for managing a corporate balance sheet, there’s a certain novelty in Barclays’ approach. But for someone who has choreographed efforts to rehabilitate a company’s image as carefully as Antony Jenkins, this has been [...]
Lending to first-time buyers rocketed 37pc at end of 2013 February 12, 2014 Better economic conditions and Help to Buy prompted more and more Brits to take steps to become home owners at the end of 2013, according to new data from the Council of Mortgage Lenders (CML). Lending to first-time buyers jumped 37 per cent in December from a year earlier. Paul Smee, CML director general, said [...]
Singapore Air Show in full flight as Airbus unveils A350 February 11, 2014 A bevy of travel tycoons, military buyers and the world’s largest long-haul carriers have come together today Singapore’s renowned air show. New models, latent deals and loop-the-loops are dominating the day, as excitement over the new Airbus A350 grows. The Boeing 787 competitor has gone on display for the first time, with Asia seen as [...]
Wages left far behind as house prices rocket February 10, 2014 THE AVERAGE salary in England would have grown by £29,000 in the past decade and a half if wages kept up with house price inflation, according to shocking new figures. Research by housing charity Shelter shows that average earnings would have been over £55,000, rather than just below £26,000, if pay had risen at the [...]
What the other papers say this morning – 06 February 2014 February 5, 2014 FINANCIAL TIMES Super rich in London boost economy London’s super-rich are “major contributors to the UK economy”, spending £4bn a year on goods and services, according to new research that underlines the financial impact of the capital’s wealthiest homeowners.Foreign investment in London property has become a political issue, with overseas buyers blamed for pricing locals [...]
Lloyds: 40pc of our top managers will be women in 2020 February 3, 2014 LLOYDS will hire 600 more female managers over the next six years, the bank’s chief will promise in a speech tomorrow. Antonio Horta Osorio will commit to ensuring 40 per cent of senior staff are female by 2020. Currently 28 per cent of the bank’s 5,000 senior staff are female, equating to 1,400 employees. The [...]