After the Nvidelity comes the Huangover. Jensen Huang joins long list who confused boardroom and bedroom
This is what the new polymer £5 note will look like June 2, 2016 After months of waiting, the Bank of England has finally unveiled the new polymer £5 note that will come into circulation later this year. The design features former prime minister Winston Churchill and will be the first of the new generation polymer notes that the Bank says will make paper money "cleaner, safer and stronger". [...]
The only “logical” answer to Brexit: Declare London a city state June 2, 2016 I believe any rational assessment of the situation should lead to a vote to remain in the EU. There is almost universal consensus among economists and the major global economic institutions that a Brexit will result in an economic hit to the country. There is a small possibility that it might destabilise global financial markets. [...]
How to do things differently in the pub industry: An interview with Marston’s chief executive Ralph Findlay June 1, 2016 It's fair to say it’s been a challenging decade for the UK's pub sector. First it was hit by the smoking ban in 2007, then by the recession in 2009. Revenues across the industry have also been affected by broadly falling levels of alcohol consumption. Pub companies have been forced to rethink their strategies to stay [...]
Why culture change is the key to weeding out bad apples June 1, 2016 I read a magazine article recently which stated 55 per cent of respondents to a survey on the UK Senior Managers Regime (SMR) think it won’t be effective. I find that statistic surprising. To me, SMR is really about holding up principles of good corporate governance. Good corporate governance – transparency, respect, responsibility, controls – is paramount [...]
UK mortgage lending dropped to its lowest level since the height of the eurozone crisis in April June 1, 2016 Mortgage approvals have hit their lowest level since the height of the Eurozone crisis, according to the Bank of England. Mortgage loans totaled just £281m in April, their lowest level since August 2012, after the hike in stamp duty came into effect at the beginning of the month and buy to let landlords fled the [...]
City Moves for 1 June 2016 | Who’s switching jobs June 1, 2016 Together Helga Wright has joined specialist lender Together, taking on the role of commercial finance director, as the business continues with its growth strategy. Helga joins from the Co-operative Bank, where she was financial director of the retail, commercial and business banking businesses, and brings a wealth of financial services experience, spanning nearly 20 years. [...]
New polymer banknotes could cost businesses £236m to implement May 31, 2016 New polymer banknotes being introduced by the Bank of England (BoE) in September this year will cost businesses a staggering £236m to implement, research by an independent payments consultancy has found. CMSpi claims that the process of switching to polymer banknotes will leave businesses with a hefty bill, thanks to the costs of upgrading and replacing cash-handling [...]
Investment bank Societe Generale says Osborne will miss his target of a budget surplus by tens of billions of pounds May 31, 2016 George Osborne will not even come close to meeting his budget surplus target and the next move for UK interest rates will be down, according to Societe Generale's gloomy global economic outlook, published today. The investment bank said risks were stacking up across the world and the current "sweet spot" for financial markets could come to [...]
The 14 Google searches that can predict Britain’s unemployment rate May 31, 2016 The three billion searches we make across the world each day using Google may tell us more than simply the latest celebrities everyone is reading about – the massive data points could in fact help us make economic forecasts. Researchers in Finland have managed to put the information to a very valuable use and say they can predict a [...]
Why the City of London will be better off if we leave the European Union May 31, 2016 Too much of the debate about what the European Union referendum means for the City has been frustratingly narrow and short-term, confined to the immediate financial implications of leaving. Far too little attention has been paid to the longer-term health of the City, in particular the implications of remaining inside the EU. Inside the EU, [...]