After the Nvidelity comes the Huangover. Jensen Huang joins long list who confused boardroom and bedroom
Boris Johnson: State will lead the way in making UK investment destination July 15, 2021 Boris Johnson has today said that the government will lead the way in turning the whole of the UK into an attractive investment direction as part of its “levelling up” plan. Speaking today in Coventry, the Prime Minister said that it was the state’s responsibility to create the conditions for business confidence to encourage private [...]
UK inflation hits 2.5 per cent in June July 14, 2021 UK inflation jumped again in June, outpacing economists’ expectations to accelerate away from the Bank of England’s target, the Office of National Statistics (ONS) revealed this morning. The Consumer Price Index (CPI) rose to 2.5 per cent last month, its highest level since August 2018, up from 2.1 per cent in May. Analysts had forecast [...]
UK listed companies set for rebound after brutal pandemic hit July 14, 2021 UK listed companies saw a record decline over the course of the Covid-19 pandemic, but recovery is already underway and predicted to rapidly pick up. Investment manager J O Hambro Capital Management today said the pandemic was deeper and more widespread than any other downturn in recent history. The impact of the coronavirus pandemic was [...]
Brexit: EU unlikely to throw doors open to UK financial services, says Bailey July 13, 2021 Andrew Bailey, Governor of the Bank of England, said on Tuesday he does not expect the EU to open the doors to UK financial services exports following Brexit. “On equivalence, I think it’s fair to say that nothing really has moved forwards” Bailey told a news conference today. Brussels has yet to decide whether rules governing the [...]
Cloud computing providers pose risk to financial stability – BoE July 13, 2021 Cloud computing providers could become a threat to financial stability and regulators need to crackdown on them to strengthen banks’ resiliency, the Bank of England warned on Tuesday. The Bank said some cloud computing providers can be secretive and could disrupt the normal functioning of the UK financial system. Read more: British SMEs exposed to [...]
US stocks jump despite surging inflation July 13, 2021 US stocks jumped on Tuesday morning despite data released today showing inflation in America rose at its fastest pace for 13 years. The blue-chip S&P 500 and the Nasdaq both hit record highs during the morning open, rising 0.12 per cent and 0.44 per cent respectively. Growth stocks helped to lift the indexes as they [...]
Uefa confirms investigation into crowd chaos at Euro 2020 final, denting UK and Ireland bid to stage 2030 World Cup July 13, 2021 European football chiefs have confirmed they are investigating the crowd chaos at the Euro 2020 final on Sunday. Some fans without tickets managed to gain entry by overwhelming stewards, while mobile phone video footage showed fights inside Wembley, where England lost to Italy on penalties. Governing body Uefa has now confirmed a probe into the [...]
Banking shares jump after Bank of England gives OK for dividends, bonuses and buybacks July 13, 2021 Banking shares jump after Bank of England gives OK for dividends, bonuses and buybacks
FTSE opens up but investors keep watching brief on US inflation July 13, 2021 The FTSE 100 opened up this morning as investors indulged in a little optimism ahead of US inflation figures due out this afternoon. Global equities have had a good run over recent days with Wall St hitting record highs last night. The flagship FTSE 100 stood at 7,144 after an hour of trading, up 0.26 [...]
Euro 2020 fuels surge in consumer spending July 13, 2021 Euro 2020, warmer weather and the lifting of Covid restrictions drove consumer spending up sharply in the UK in June, according to new figures released today. Data from Barclaycard shows spending was 11.1 per cent higher last month compared to June 2019, before the arrival of Covid, the sharpest rise since the start of the [...]