After the Nvidelity comes the Huangover. Jensen Huang joins long list who confused boardroom and bedroom
BoE likely to hike interest rates next year, policymaker Vlieghe says May 27, 2021 The Bank of England is likely to hike interest rates “well into” next year although it could come earlier if the economy rebounds quickly, a policymaker has said. Gertjan Vlieghe, who is set to leave the Monetary Policy Committee in August, is one of the few BoE officials to speak publicly about interest rate rises. [...]
Sales at Pets at Home pass £1.4bn as Brits pick up furry companions May 27, 2021 Revenue at Pets at Home jumped nearly eight per cent in the last year, as coronavirus-led lockdowns persuaded more households to get a pet. Revenue at the pet care retailer jumped 7.9 per cent to £1.14bn in the group’s 2021 financial year. Retail revenue reached £1bn for the first time despite Covid-19 restrictions, and revenue [...]
Dom’s day out: Cummings blames PM for tens of thousands of Covid deaths as he reveals Number 10 chaos May 26, 2021 Dominic Cummings has laid the blame for tens of thousands of Covid deaths at the feet of Boris Johnson and Matt Hancock in an explosive seven-hour hearing in which the former Number 10 aide pulled the curtain back on a year of chaos inside government. Cummings told MPs that Johnson was “unfit” to be Prime [...]
Indecisive Boris Johnson a ‘shopping trolley smashing between aisles’, says Cummings May 26, 2021 Dominic Cummings has hit out at Boris Johnson’s indecisiveness and described him as “a shopping trolley smashing from one side of the aisle to the other” as a part of a blistering attack on his apparent inability to lead the country as Prime Minister. Cummings said that it was “crackers” Johnson was in office and that [...]
Cummings: Govt and Bank of England feared lockdown would set off bond market meltdown May 26, 2021 Both the UK government and the Bank of England were afraid bond markets would face a meltdown if the economy was sent into lockdown, according to Dominic Cummings. Boris Johnson’s former advisor revealed during a parliamentary hearing in Westminster that it was the Bank of England that warned for the potential impact of a lockdown [...]
Banknote printer De La Rue bags Bank of England contracts for new notes May 26, 2021 Banknote printer De La Rue has today reported it halved its net debt in the year to 27 March with Covid ‘turnaround’ measures, ahead of the group’s new £50 banknote due for release next month. Already creating a new banknote making its way to people’s pockets in June for the Bank of England (BoE), the [...]
Sir Alex Ferguson: Never Give In is a personal tale of greatness May 26, 2021 In the world of football, few men have dominated quite like Sir Alex Ferguson. Even if you are a supporter of one of the teams his Manchester United side made miserable, the numbers speak for themselves. Thirteen Premier League Titles, 2 Champions Leagues, 5 FA Cups, and a lifetime of memories for those whom he [...]
BoE policymaker urges regulators to probe $10bn Archegos collapse May 26, 2021 A Bank of England’s policymaker has urged that financial regulators today should have a cross-border inquiry into how the collapse of US investment fund Archegos cost banks more than $10bn. Anil Kashyap, a BoE financial policy committee member, also warned that new European Union bank capital rules could have “tragic” outcomes if abused. Archegos collapse [...]
City Moves: Who’s switching jobs in the Square Mile this week? May 26, 2021 City A.M.‘s Millie Turner provides a roundup of the most important hires and job moves across the City, every Wednesday afternoon. Email citymoves@cityam.com to be featured. Johnson & Johnson hires EU consumer health director US pharmaceutical giant Johnson & Johnson has hired a new London-based area managing director for consumer health in northern Europe. Charmaine England, who [...]
Cummings: Boris Johnson called Covid-19 a ‘scare story’ and ‘the new swine flu’ May 26, 2021 Cummings: Boris Johnson called Covid-19 a 'scare story' and 'new swine flu'