After the Nvidelity comes the Huangover. Jensen Huang joins long list who confused boardroom and bedroom
Finance is inevitably complex but its regulators can stop chasing their tails November 27, 2013 FINANCIAL regulation becomes ever more onerous, as it chases its own tail. More and more, regulation mandates “best advice”, codes of ethics, legal punishment for directors if businesses go bust, mandatory offering of simple products, fines for companies if financial products decline in value instead of rise, and caps on charges and interest rates. This [...]
What the other papers say this morning – 25 November 2013 November 25, 2013 FINANCIAL TIMES Trafigura sells Puma stake for $500m Trafigura, one of the world’s largest commodities trading houses, has raised $500m from the sale of a 10 per cent stake in Puma Energy in a deal that makes a stock market flotation of its fast-growing petrol station and oil terminal unit less likely. The company, which [...]
14 buyers fight for each house sold in London November 24, 2013 MORE than a dozen potential buyers are now battling for each property coming onto the market in London, according to an estate agent releasing new figures today. Barnard Marcus reports that there are now 14 people trying to get on the housing ladder for every new instruction to sell in the capital, pushing prices even [...]
Housebuilding lags as UK population swells November 21, 2013 THE UK’S population is growing at one of the fastest rates in Europe, yet housebuilding remains too slow to keep up with expanding demand. Estate agents Haart will reveal this morning that first time buyer registrations have surged upward over the past year, rising 74.3 per cent between October 2012 and last month. In the [...]
Monty Python’s property circus November 21, 2013 Milkwood Studios, purpose built for the comedy legends, is a chance to live in a part of British culture BRITAIN rejoiced this week as a part of our cultural heritage was brought back to life. The comedy supergroup that is Monty Python will reunite for the first time in 30 years for a one-off show [...]
House building rises at fastest rate since 2008 November 21, 2013 The last three months have seen the fastest rate of house building since 2008, according to the Department for Communities and Local Government (DCLG). 32,230 homes were started between July and September of this year. Over the past 12 months, housing starts rose 16 per cent compared to the previous year, from 101,280 to 117,110. [...]
Britain set to boom as global economy slows November 19, 2013 THE UK will defy the weak global economic trend next year as the recovery takes hold in Britain, analysts at the Organisation for Economic Co-operation and Development (OECD) predicted yesterday. The world’s economy will only grow by 2.7 per cent this year and 3.6 per cent next year, the think-tank said – slashing 0.4 percentage [...]
Housing market cools for winter but price growth beating wages November 17, 2013 HOUSE prices this month are still up four per cent on November last year, despite a small seasonal dip from October. According to Rightmove’s latest house price index, London prices are up by 6.9 per cent in the same period. In the year to September, average weekly earnings only rose by 0.8 per cent. Between [...]
Help to Buy assists 155 per cent boost in Nationwide profits November 15, 2013 British building society Nationwide has reported a whopping underlying profit increase of 155 per cent, for the six months to the end of September. Underlying profit was £332m compared to £130m during the same period in 2012. Nationwide attributed the dramatic growth to increased lending and a burst of new customers switching to the building [...]
Inside Track: The new issues market hits the first signs of trouble November 14, 2013 WHAT a difference a week makes. Last week I reported on a piece of research from Deloitte, the business advisory firm, on the storming performance of 10 main market flotations in 2013, including Royal Mail obviously, showing how their overall share price performance had outperformed the wider market seven times. This week the talk has [...]