After the Nvidelity comes the Huangover. Jensen Huang joins long list who confused boardroom and bedroom
Andy Haldane became the media darling of economics, the Bank of England must continue his legacy June 20, 2021 After 32 years at the Bank of England, the current senior economist at Threadneedle Street – Andy Haldane – is moving on to new pastures. His departure as one of the top dogs at the Bank of England will leave the oldest and first central bank without his valuable experience. But as communication with the [...]
Another adviser warns JD Sports shareholders on chairman’s pay June 19, 2021 Another leading adviser has added its name to group urging JD Sports shareholders to look at bonus payments for bosses, despite the retailer refusing to repay government support. Adviser IVIS has warned shareholders over votes on bonus payments and its future remuneration policy, Sky News first reported. Advisory service Glass Lewis has already issued [...]
Supreme Court rules Grant Thornton owes Manchester Building Society £13.4m June 18, 2021 The Supreme Court has backed a £32m negligence claim from Manchester Building Society against its former auditor Grant Thornton in a landmark ruling that could make it easier to bring claims against professional advisers. The Supreme Court said Grant Thornton had incorrectly told the building society that its accounts could be prepared using a rule [...]
England v Scotland: Scouting the Scots with a bit of help from investment banking ahead of the Euro 2020 Battle of Britain June 18, 2021 It’s England v Scotland at Euro 2020 this evening as the Battle of Britain returns to major tournament football. Gareth Southgate will have his own ideas about Scotland’s strengths and weaknesses under Steve Clarke. But, should he need any more pointers, we can offer some answers based on quantitative analysis methods borrowed from investment banking. [...]
Pre-Fed jitters keep US stocks below record highs at open June 16, 2021 US stocks opened just below record highs today as investors stayed on the fence ahead of potential hints from the Federal Reserve on when it would taper its monetary stimulus. The Dow Jones Industrial Average was down 0.1 per cent, while the S&P 500 opened flat, remaining near an all-time time. Meanwhile, the Nasdaq Composite [...]
Britain’s strongest man to run 48 marathons in 48 English counties in 48 days June 16, 2021 John Clark plans to raise thousands of pounds for charity by running 48 marathons in each of England’s 48 counties in 48 days. The former international strongman, who was crowned Britain’s Natural Strongest Man in 2015 and 2016, is fundraising to support children living in food poverty. He will begin his challenge in Northumberland on [...]
UK inflation jumps to 2.1 per cent in May as clothing and fuel prices rise June 16, 2021 UK inflation jumped in May due to rising clothing and fuel prices, pushing it ahead of the Bank of England’s target, the Office for National Statistics (ONS) said this morning. The Consumer Prices Index (CPI) rose to 2.1 per cent in May, up from 1.5 per cent in April, beating economists’ forecast of a rise [...]
Q&A: the end of big oil? June 16, 2021 Our “in the news” series focuses on recent dramatic events in the energy industry as oil majors were held to account over climate change. We explain what’s happened and how Schroders acted on behalf of clients. The oil industry last week faced a “paradigm shift” after climate activists and asset managers led revolts at the [...]
TheCityUK conference: No ‘free pass’ for Bitcoin as BoE’s Andrew Bailey vows ‘tough love’ on crypto June 15, 2021 Bank of England boss Andrew Bailey has pledged “tough love” as policymakers look to regulate cryptocurrencies, warning that public interest must not be ignored for the sake of innovation. Speaking at TheCityUK’s virtual annual conference earlier today in the City, Bailey said while innovation can challenge existing rules, public interest must be at the heart [...]
Treasury and LSE call on EU for more co-operation on financial services post-Brexit June 15, 2021 The Treasury has called on the EU to engage more deeply with the UK government on the future of financial services post-Brexit. Katharine Braddick, the Treasury’s director of financial services, said today that both parties need to “get on” with outlining the post-Brexit relationship between the UK and EU on financial services. It comes as [...]