After the Nvidelity comes the Huangover. Jensen Huang joins long list who confused boardroom and bedroom
Brexit: It’s early days, but UK business has been getting on with it July 15, 2016 It is less than three weeks since the British people voted to leave the EU. In that time, much of the media response has been verging on hysterical. The political establishment, City and even bookmakers simply did not see Leave coming. Figures who were top of their game a month ago have fallen on their swords: [...]
From an optimistic Remainer: It’s not impossible to see how we can make a go of Brexit. Here are two ideas July 15, 2016 As a staunch Remainer, I was hugely disappointed by the Brexit vote. But, what’s done can’t be changed. What is the best way to respond to it? It’s hugely tempting to accuse the Brexiteers of being racist or stupid. We share with glee how some admit that they were conned by Nigel Farage and would have voted [...]
The Bank was right to hold rates – even a cut in August would be a shot in the dark July 15, 2016 Three weeks on from a dramatic referendum result, we have little hard information about how the economy is responding. There have been indications that business confidence and consumer confidence have been affected by the shock outcome. But there has also been a lot of political turbulence, and it is understandable that this has affected the consumer [...]
At the close: FTSE 100 gives up its gains after Bank of England puts rate rise on hold until August July 14, 2016 The Bank of England dashed market hopes of a further rate cut for at least another month today, sending the FTSE 100 off its 11-month highs. Having rallied to a peak of 6,743.42 before the Bank of England's decision, the FTSE 100 crashed to earth, closing down 0.2 per cent at 6,654.47 points. Most analysts thought the Bank would [...]
Last month’s Brexit vote has put European tourists off visiting London July 14, 2016 If you thought the streets were a little less crowded this summer, you might be on to something European tourists have been put off visiting London after last month's surprise Brexit vote and the political turmoil that has emerged in its wake. Bookings to the capital, which was named the world's top tourist destination by MasterCard [...]
Shock, horror? How the City reacted to today’s MPC’s interest rate inaction July 14, 2016 Another month, another deferral of The Big Interest Rate Move. That makes 88 so far. How is the City reacting? Two words: "we're cautious". Read more: Over to you, Carney – our MPC has voted to cut rates 1. "BoE is playing wait and see" Michael Martins, economist at the Institute of Directors: “The Bank [...]
Before the bell: What you need to know before the US market open July 14, 2016 The Bank of England has kept interest rates on hold, stunning the market and sending the pound sharply upwards. Here's what you need to know ahead of the US market open at 2:30pm London time. US futures are pointing higher, signalling what could be another day of broken all-time-highs for indices. The S&P is up [...]
Acadia takeover of healthcare group Priory set for UK competition probe July 14, 2016 The takeover of UK-based Priory Group by US healthcare group Acadia has been referred for an in-depth investigation to the Competition and Markets Authority (CMA). Acadia, an operator of psychiatric hospitals, announced the takeover deal for Priory, which is known for its celebrity rehab patients, in January. The companies said the deal will consist of shares and cash, [...]
Pound surges as Bank of England monetary policy committee maintains interest rates – despite Brexit panic July 14, 2016 The pound jumped nearly two per cent against the dollar after the Bank of England failed to cut UK interest rates, despite widely-held speculation it would move to calm fears over the impact of Brexit. The pound was up 1.76 per cent against the dollar, at $1.3378, after it emerged the Bank's monetary policy committee (MPC) [...]
House prices were up in June despite Brexit worries July 14, 2016 UK house prices grew by 0.6 per cent in the three months to June, despite concerns around the EU referendum – but London house prices fell 1.4 per cent between May and last month. Prices across Britain were up by six per cent in June 2016 compared with June 2015, according to the Reeds Rains monthly house price index, [...]