After the Nvidelity comes the Huangover. Jensen Huang joins long list who confused boardroom and bedroom
Bank of England’s reputation is at stake in the interest rate tragicomedy September 22, 2021 Misplaced expectations often lead to wasted time. Pip, Vladimir and Estragon waiting for Godot, and even England fans crying out for the arrival of Jack Grealish during Euro 2020. These stories teach us that banking on something to happen can lead to opportunities going amiss. The Bank of England could be lumped into that group [...]
Lord Mayor calls on financial regulators to focus on innovation and sustainability September 22, 2021 Lord Mayor of the City of London, William Russell, will tonight (22 September) deliver a speech at the City Dinner at The Mansion House to an audience of senior regulators and representatives from across the financial and professional services industry. Lord Mayor William Russell will speak alongside Sam Woods, Deputy Governor of the Bank of England [...]
Lend your support to City A.M.’s London Marathon runner and help charity Give Them A Sporting Chance September 22, 2021 City A.M. hit the streets again this week and thousands of runners are preparing to do the same at the London Marathon next month. Among them will be City A.M.’s own representative George Reed, who is raising money for Give Them A Sporting Chance, a charity that helps carers and those with disabilities of all [...]
Ten Entertainment bowled over by most successful summer ever September 22, 2021 Family entertainment provider Ten Entertainment has marked record sales since it reopened after England’s third lockdown. The firm – which operates 46 bowling and family entertainment centres in the UK – said it had seen 22.5 per cent sales growth in the six weeks from May 17. Like-for-like sales in the 11 weeks since June [...]
Easing Evergrande fears lift FTSE 100 as investors brace for Fed rate decision September 21, 2021 The FTSE 100 rallied today to cancel out sharp losses registered yesterday, driven by easing fears over the fallout if heavily indebted Chinese property Evergrande collapses. The capital’s premier index finished up 1.12 per cent at 6,980.98 points, up from this week’s starting position of 6,963.64 points. Global markets sold off sharply on Monday, triggered [...]
British businesses return £300m in furlough cash as spectre of Covid recedes September 21, 2021 UK businesses returned £300m in furlough cash, triggered by the spectre of Covid-19 over the British economy receding, according to official figures released today. The repayment now takes the total amount of money returned to the public coffers to £1.3bn since July last year, the Treasury said. Rishi Sunak, chancellor, said: “This Government stepped in [...]
Premier League NFTs: Sorare aiming to launch digital fantasy football trading cards collection following similar deal with Spain’s LaLiga September 21, 2021 French technology start-up Sorare is hoping to launch a range of NFTs comprising digital fantasy football trading cards with the Premier League. The company, which has raised £500m from investors including SoftBank, has emerged as a major player in sport’s growing blockchain economy and recently struck a deal with Spain’s LaLiga. “We have had conversations, [...]
OECD: UK muscles out G7 to top economic growth rankings September 21, 2021 The UK economy will grow the fastest among the group of the world’s richest countries, according to the Organisation for Economic Co-operation and Development (OECD). The OECD thinks the UK economy will expand 6.7 per cent in 2021, the highest rate of growth among the G7. The UK’s leading growth rate has been driven by [...]
Markets: FTSE 100 slumps to near three-month low September 20, 2021 The FTSE 100 index dipped 0.86 per cent today, closing at 6,904, as financial stocks and mining companies were hammered. The capital’s premiere index fell to lows of 6,828, down 1.6 per cent compared to the previous close, as concerns about inflation spooked investors. Financial stocks led the declines with Prudential down 8.4 per cent [...]
Unease about economic outlook grows as rising prices fuel stagflation concerns September 20, 2021 The last few weeks has seen equity markets struggle to make gains of any significant size, and all the while concerns have been rising about a number of different factors. The lack of a clear narrative, whether it be positive or negative, has seen markets churn in both directions since July, with any number of [...]