After the Nvidelity comes the Huangover. Jensen Huang joins long list who confused boardroom and bedroom
EU referendum: Pound hits a 10-week high against the US Dollar after President Barack Obama’s Brexit warning April 25, 2016 Barack Obama’s visit to the UK may have annoyed Leave campaigners, but it did wonders for the pound which has hit a 10-week high on back of the President’s plea for Britain to stay in the European Union. The pound was trading at $1.4495 on Monday morning, up 0.64 per cent on the day and one per [...]
Who is Nan Shepherd? All your questions about Royal Bank of Scotland’s new £5 note star answered April 25, 2016 Much ooh-ing and ahh-ing this morning, after Royal Bank of Scotland (RBS) unveiled the next "character" to feature on its Scottish £5 note: Nan Shepherd. Er, who? The news came just days after the Bank of England revealed which superstar artist will appear on its next £20 note – but led to a bit of confusion among those not [...]
Warnings over number of interest-only mortgages maturing in 2016 as wave hits April 25, 2016 Up to 20,000 interest-only mortgage holders across the country could be without plans to repay their home loans when they mature this year. As many as 40,000 interest-only mortgages are set to be called in during 2016, kicking off a new wave of maturities expected to run until 2020. The high level of mortgages reaching maturity has sparked [...]
London mayoral election 2016: Labour grandee Lord Peter Mandelson urges business not to allow Zac Goldsmith to use City Hall to push the UK out of the EU April 25, 2016 The City and London’s wider business community has been urged by a Labour grandee not to allow Tory mayoral candidate Zac Goldsmith to “use City Hall as a vanguard for the Brexit campaign”. In his first intervention in the mayoral election, Lord Peter Mandelson exclusively told City A.M. that he wants to call on the business [...]
In honour of Prince, PwC’s Andrew Sentance unearths his band Rock in the City’s 2015 cover of Purple Rain April 24, 2016 The late and great 80s icon Prince may have been famous for his hit When Doves Cry, but one former hawk tells us he's devastated to lose one of his musical inspirations. Regular readers may remember Andrew Sentance, PwC's music-loving senior adviser and an ex-hawk at the Bank of England, hung up his guitar for good last [...]
Barack Obama to meet Labour leader, Jeremy Corbyn, be quizzed by young Londoners and catch some Shakespeare in UK visit April 23, 2016 Barack Obama will meet the Labour leader Jeremy Corbyn, hold a town hall style meeting with young Britons and visit Shakespeare's Globe in the second full day of his visit to the United Kingdom. The President of the United States caused uproar among Leave campaigners yesterday when he not only issued a passionate plea for Britain to [...]
Another Cadbury’s recipe change, Brexit blues, the Queen’s 90th birthday and the shareholder spring that never was: Here’s what got us talking this week April 22, 2016 Cadbury's left us open-mouthed with yet another recipe shake-up. A new job working for the Queen came with added perks. And London's iconic statues were given some help with their breathing. Forget the economy – won't someone think of our cheese? (Source: Getty) 1) Brexit boxing The Treasury published its 200-page report on the impact [...]
The Bank of England just unveiled the artist who will feature on the next £20 note (spoiler: it’s not a woman) April 22, 2016 It's been a nail-biting few months while the Bank of England has um-ed and ah-ed over which artist should feature on its next banknote – and the results are in. During a (relatively, for the Bank of England) glitzy launch ceremony in Margate, artist Tracey Emin unveiled the new £20 note – featuring JMW Turner. The artist, [...]
Mark Carney wants more green bonds, Bitcoin technology and mobile banking to help deliver on United Nations’ climate change goals April 21, 2016 Mark Carney has said the expansion of environmentally-friendly finance products will help the world economy fight climate change and enhance economic stability around the planet. The governor of the Bank of England said that innovative ideas such as "green bonds", which are used to fund projects that have a positive impact on the environment, along [...]
As summer party season heats up, we asked legendary gatecrasher Karl Power how to get into the City’s finest parties April 21, 2016 It's that time of year again – champagne cocktails, awkward smalltalk and roof terraces that are slightly too cold for comfort: it's summer party season in the Square Mile. The Capitalist was warmly invited to a certain City brokerage's late Christmas party this week, but reporting on the event has been banned by the firm's [...]