After the Nvidelity comes the Huangover. Jensen Huang joins long list who confused boardroom and bedroom
JD Wetherspoon’s boss is going on a pub crawl to convince you to vote for Brexit May 24, 2016 JD Wetherspoon chief Tim Martin is going on a pub crawl around all 100 of the company's drinking-holes over the next month to convince punters to vote for Britain to leave the EU. Martin is a staunch Brexit campaigner – he has signed several business-led letters calling for Brexit – and hopes to spread the word [...]
Why Brexit won’t be a disaster (and as former City minister, I should know) May 24, 2016 As someone who spent 25 years working in finance, four years scrutinising the Treasury as a backbencher, and then two years first as City minister, now as Energy Minister, I've seen at first hand the economic cycles, the disasters and triumphs. These experiences tell me that the UK has an outstanding future as a free trading global [...]
De La Rue reports rise in revenue but dip in profits May 24, 2016 Banknote printer De La Rue has reported revenue growth for the year to 26 March 2016, as the company continues with a concerted five-year turnaround attempt. The almost 200-year-old business is moving away from cash printing and plans to grow its identification side, using many of the same techniques it uses to make bank notes secure. [...]
De La Rue sells off its cash-processing business as part of strategic shift, sending share prices higher May 23, 2016 The Bank of England's bank note printer De La Rue has sold off its struggling cash-processing business. The sale of Cash Processing Solutions (CPS) to private equity group Privet Capital is the latest move in De La Rue's plans to overhaul and streamline its operations. De La Rue last year embarked on a five year strategic turnaround that will see [...]
Sajid Javid: Brexit warnings are “not a conspiracy” – it will cost 500,000 UK jobs May 23, 2016 Leaving the European Union would cost the UK economy 500,000 jobs, a new Treasury report will say today, according to Sajid Javid. Speaking on Radio 4's The Today Programme, the business secretary warned of an "immediate and profound" economic shock in the event of a Brexit. "The Bank of England, the IMF, the OECD, the London [...]
City Moves for 23 May 2016 | Who’s switching jobs May 23, 2016 Together Specialist lender Together has appointed Colin Kersley to its retail board. As an independent non-executive director, Colin will also chair the retail audit committee. Colin was previously chief executive officer of M&S Bank (a wholly-owned subsidiary of HSBC) where he worked closely with the independent board to convert the card company to a bank, [...]
Barclays tightens buy-to-let properties lending rules May 22, 2016 Barclays is to tighten rules on lending for buy-to-let properties, increasing minimum rental covers. The decision to tighten lending criteria means that rental payment must exceed mortgage costs by a factor of 145 per cent, up from 135 per cent. The affordability rate will also be reduced from 5.79 per cent to 5.50 per cent. The [...]
Brexit: If the pound weakens, is it such a bad thing? May 22, 2016 Sterling has been swinging as the threat of a potential British exit from the EU looms large. The pound has fallen by eight per cent against the dollar in the last year. It reached a two- and-a-half year low in April, as international investors sold out of sterling assets. The pound then rose last week as [...]
De La Rue due a change as cash falls out of favour May 22, 2016 De La Rue, the world’s biggest commercial passport maker and the printer of notes for the Bank of England, is now almost a year into a five year plan it set out last May that will eventually see its identity division grow to rival its core cash business. This morning De La Rue announced the sale [...]
Now NHS boss speaks out on Brexit risks May 22, 2016 "When the British economy sneezes, the NHS catches a cold," was the stark warning as the boss of the NHS waded into the Brexit debate on Sunday morning. The chief executive of the National Health Service Simon Stevens was appearing on the BBC's Andrew Marr show to discuss its financial problems after new figures last week revealed [...]