After the Nvidelity comes the Huangover. Jensen Huang joins long list who confused boardroom and bedroom
Revealed: How West Ham owners are free to cash in on Olympic Stadium deal July 31, 2016 West Ham United’s complex deal for the Olympic Stadium, the full details of which are laid bare for the first time today, could make the football club’s wealthy owners even richer than previously thought – at the expense of the taxpayer. As the Hammers prepare to play their first match at the largely public-funded £700m [...]
Interest rates could be about to get more interesting, with cut to 0.25 per cent widely expected next week July 31, 2016 Banks and savers alike will be bracing themselves for Thursday's Bank of England announcement, when it is largely expected interest rates will be chopped. The bank surprised many a few weeks ago when it opted to hold interest rates at its historically low 0.5 per cent level, where it has stuck since March 2009. Many [...]
Prudential RideLondon 2016 route map: Where to watch and key details of all six events in this weekend’s festival of cycling July 29, 2016 This year's Prudential RideLondon promises to be bigger and better than ever before. Stretching across three days for the first time, the festival of cycling features a fresh event created specifically for newer riders who are expected to contribute to a record 100,000 cyclists taking part across the weekend. RideLondon latest: Crashes injure two and hold [...]
A no stress guide to tonight’s European bank stress test results July 29, 2016 At around 9pm British Summer Time, the European Banking Authority (EBA) is due to finally reveal the results of its bank stress test, the latest checkup on the health of the region's lenders. The test results will unveil what the state of capital would be at 51 of the EU's biggest banks, which account for about 70 per [...]
Rates of 0.25 per cent would be fine, it’s zero per cent interest we’re worried about, says Barclays July 29, 2016 Barclays is not all that concerned about a 0.25 per cent interest rate. A zero per cent rate, on the other hand, could cause some issues. Slotted away at the back of its half-year results, which were released earlier on today, Barclays has charted the effect movements in interest rates would likely have on its [...]
Business shows its bounceback-ability as confidence jumps after Brexit fall July 29, 2016 Confidence among UK firms has bounced back in July after plummeting in the immediate aftermath of the EU referendum, a leading indicator has found. The Lloyds business barometer jumped 23 points over the past four weeks to stand at 29 on an index where positive scores indicate overall optimism. In the days after the vote [...]
Mortgage approvals in the UK fell to a year low in June July 29, 2016 Mortgage approvals in the UK fell to their lowest point since May 2015 in the period leading up to the country's referendum on EU membership. According to the Bank of England, 64,766 mortgages were approved in June – down from the 66,722 approved in May. Read more: Everything you need to know about the UK's housing [...]
Should Philip Hammond cut VAT to support post-referendum economy? July 28, 2016 Theresa May and Philip Hammond have promised to "reset" the government's spending plans in the wake of the EU referendum. George Osborne's goal to run a budget surplus has been abandoned while rumours about a massive injection of government spending are gathering pace. In 2008, as the Labour government scrambled to deal with the start of the slowdown, [...]
Banking bleakness: This is how people reacted to 3,000 further job losses at Lloyds Banking Group July 28, 2016 In its half-year results this morning, Lloyds Banking Group revealed it would be shedding a further 3,000 jobs by 2017. Persistently low interest rates are proving a problem for the banking sector, and the situation could be about to get even worse: many are predicting the Bank of England will choose to cut rates further [...]
Take off! London lifted by green light for City Airport expansion as markets touch post-Brexit highs July 28, 2016 The City received a double boost yesterday as London City Airport was given the go-ahead for a major expansion while the latest GDP data beat expectations and lifted the FTSE 100 to a 12-month high. Chancellor Philip Hammond, transport secretary Chris Grayling and communities secretary Sajid Javid gave the green light to the multi-million pound [...]