After the Nvidelity comes the Huangover. Jensen Huang joins long list who confused boardroom and bedroom
City Moves for 8 September 2016 | Who’s switching jobs September 8, 2016 Colliers International Global real estate advisor Colliers International has appointed Sorcha Murphy to its EMEA corporate solutions team as an associate director. Sorcha joins Colliers from JLL, where she’s spent the past 10 years in their corporate solutions department, working as a portfolio manager on some of their largest corporate accounts. Whilst employed by JLL, Sorcha worked [...]
Why we’re backing Britain’s resilient and optimistic small businesses September 8, 2016 In the run up to June’s referendum vote, small and medium-sized enterprises (SMEs) became a focal point for both Leave and Remain camps, with each side claiming the support of small business owners for their different visions of Britain’s future. This focus on SMEs was unsurprising – these businesses are the nuts and bolts of British [...]
Carney defends attacks on recession warning and Brexit bazooka September 7, 2016 Mark Carney has issued a robust defence over the Bank of England's conduct in the run-up to the EU referendum and its decision to unleash a massive post-vote stimulus package. Addressing MPs who criticised the governor for "over-egging" the possibility of a vote to leave the EU plunging the UK into turmoil, Carney said: "I [...]
Sir Charlie Bean: London will lose its foreign exchange crown after Brexit September 7, 2016 The City of London will be stripped of its status as the world's premier foreign exchange centre once the UK leaves the EU, a former Bank of England deputy governor has warned. Sir Charlie Bean, who sat on the Bank's rate-setting Monetary Policy Committee (MPC) for 14 years between 2000 and 2014, told peers he [...]
“Flash Boys” heroes aiming to create new gold exchange using blockchain technology September 7, 2016 The hero in financial journalist Michael Lewis' bombshell "Flash Boys" book, exchange IEX, is turning its watchful eye to the gold market which it wants to revolutionise with the help of blockchain technology. IEX shot to fame as the private trading venue, also known as a dark pool, which challenged high frequency traders who it believed were rigging the $24 trillion [...]
That massive UK current account? Don’t worry about it, yet September 6, 2016 The UK has been told its record-high current account deficit may not be cause for concern, despite the result of the EU referendum raising fears over a potential balance of payments crisis. Ratings agency Fitch has said it is too early to begin fretting about whether the UK economy will come under pressure from a [...]
Gold and silver demand hit a four-year high in August as Brexit uncertainty took its toll September 6, 2016 Don't buy gold: it turns out everyone else is already all over it, after new figures suggested demand for the yellow metal has reached a four-year high in the aftermath of the Brexit vote. Figures published by BullionVault today suggested demand for gold from private investors in August was at its strongest since December 2012. Read [...]
The two Morgans now believe the UK will avoid a Brexit recession September 5, 2016 The UK was given another shot in the arm today, as two leading investment banks hiked their forecasts for economic growth. After suffering its sharpest fall since the financial crisis in the wake of the referendum, the services purchasing managers’ index (PMI) soared from 47.4 to 52.9 in August, smashing expectations on the index where [...]
As recession fears fade following strong services PMIs, was the Bank of England wrong to cut interest rates post-Brexit? September 5, 2016 Andrew Sentance, senior economic adviser to PwC and a former member of the Bank’s Monetary Policy Committee, says Yes. Very low interest rates have been with us since 2009, but the Bank of England’s latest stimulus package has had a dramatic impact on long-term investment returns. Twenty-year UK government bond yields are now just over 1 [...]
RBS and Lloyds shares tumble after Deutsche downgrade September 5, 2016 Shares in banks RBS and Lloyds tumbled to the bottom of Britain's blue-chip index today following a downgrade by analysts over at Deutsche Bank. RBS slumped 2.99 per cent to 198.30p per share in mid-afternoon trading, while its peer Lloyds fell 1.92 per cent to 59.79p. Read more: Standard and Poor's attacks negative interest rates as desperate and damaging [...]