After the Nvidelity comes the Huangover. Jensen Huang joins long list who confused boardroom and bedroom
UK public more likely to invest its pension savings as period of low interest rates drags on April 18, 2016 The UK public has become more willing to take risks with its retirement savings in a period of historically low interest rates, new research has shown. Investment firm Franklin Templeton's annual Retirement Income Strategies and Expectations survey found that 30 per cent of people expect to invest part of their pension pots after they retire, compared to [...]
Virgin Active is letting marathon runners train for free in London gyms this week, but only if you wear a costume April 18, 2016 Don't be too unnerved if your colleagues are changing into chicken suits for their lunchtime workouts. The City normally leads the pack when it comes to running the Virgin London Marathon, but runners being forced to don fancy dress for this year's Virgin London Marathon can take comfort in the fact that the gym chain [...]
Will Barack Obama’s intervention in the EU referendum in support of Remain backfire? April 18, 2016 Jack Montgomery, a spokesman for Leave.EU, says Yes. Barack Obama’s support for the EU is probably best explained by a desire to answer Henry Kissinger’s famous question: “Who do I call if I want to speak to Europe?” But we can’t make this decision based on what the US State Department finds most convenient. In fact, [...]
Michael Saunders to replace Martin Weale on the Bank of England’s MPC April 15, 2016 Veteran Citibank economist Michael Saunders will replace Martin Weale on the Bank of England's rate-setting committee. Saunders will step into Weale's role as an "external member" on the nine-strong panel when he leaves the central bank on 9 August. Read more: Bankers, meet your new boss Saunders recently said he thinks that the inflation rate could start to creep up soon. [...]
EU referendum: Former Labour chancellor Alistair Darling condemns Brexit campaign for turning “blind eye to credible warnings of economic disaster” April 15, 2016 There is "nothing patriotic" about backing a Brexit and "turning a blind eye to credible warnings of economic disaster", Alistair Darling will say today. The former Labour chancellor will also warn "dark clouds are gathering on our horizon" and compare uncertainty around the EU referendum with the period before the 2008 financial crisis. Read more: Bank [...]
FTSE clings on to 2016 high, despite poor results from Burberry and Persimmon April 14, 2016 It went down, then up, then did it all again, but the FTSE 100 managed to cling on to its 2016 high day in a confusing day of trading, closing at 6,363 – up 0.01 per cent. Despite the tiny move higher, the biggest stories came from the losers. Housebuilder Persimmon was on shaky foundations at its [...]
The highest paid football managers in the world 2016: Ex-Chelsea boss Jose Mourinho tops earnings list while Liverpool’s Jurgen Klopp and Arsenal’s Arsene Wenger both make top 10 April 14, 2016 Jose Mourinho has been named the world's highest paid manager for the seventh year in a row in France Football's annual study of football's richest. With £19m in the bank, the Portuguese manager is this season's highest earning coach despite being sacked by the Blues in December following a disastrous start to the season. Mourinho is still being paid [...]
Bank of England holds interest rates at 0.5 per cent and steps up its warnings on Brexit April 14, 2016 Brexit could cause a prolonged period of instability in the UK economy, dramatically reduce the value of the pound and weaken growth, the Bank of England has warned, as it voted unanimously to hold interest rates at their record low of 0.5 per cent for another month. The rate-setting Monetary Policy Committee (MPC) made no [...]
City A.M. shadow MPC: Hold rates until after the EU referendum April 13, 2016 City economists want the Bank of England to hold interest rates on Thursday, citing stuttering growth and Brexit uncertainty as signs that the economy is too fragile to handle higher borrowing costs. City A.M.’s shadow monetary policy committee, made up of nine banking and business economists and analysts, voted seven to two to hold interest [...]
Property bubble shows no sign of popping yet as mortgage lending marches higher April 13, 2016 Mortgage lending grew by one-fifth over the last twelve months as the number of first time buyers, people moving homes, buy-to-let investors and remortgages all grew according to the Council of Mortgage Lenders (CML). In total, £8.7bn was taken out for new mortgages in February 2016, up 21 per cent on last year, while another [...]