After the Nvidelity comes the Huangover. Jensen Huang joins long list who confused boardroom and bedroom
As annual house price growth rises to 9.7 per cent, should the Bank of England hike rates to rein in housing costs? February 5, 2016 Andrew Sentance, senior economic adviser to PwC and a former member of the Bank of England’s Monetary Policy Committee, says Yes. High house price inflation is one sign of the financial imbalances which are building up in the UK economy on the back of very low interest rates, which also risk fuelling a new wave of [...]
Mark Carney keeps quiet on Bank of England’s Brexit contingency plans February 4, 2016 Bank of England governor Mark Carney refused to speculate on the economic impact of a referendum on EU membership or disclose any information regarding the Bank's contingency plans. "It serves no-one at all to talk at length about the specifics of those contingency plans in advance," he told journalists after the monetary policy committee decided [...]
Bank of England lowers growth forecasts for UK GDP over export fears as monetary policy committee hawk Ian McCafferty changes vote February 4, 2016 The Bank of England has cut its forecast for the UK's economic growth, as a backdrop of global headwinds and sterling's strength put pressure on exports. GDP growth this year has been cut from 2.5 per cent in November to 2.2 per cent today. Forecasts for 2017 have also been dropped down from 2.7 per cent to 2.4 per [...]
Relegation-threatened Aston Villa appoint former Bank of England governor Lord Mervyn King on to its board of directors February 4, 2016 Despite Aston Villa's dreadful performances this season, the Premier League team has no problem calling on big-name fans for help. Aston Villa has announced that former Bank of England governor Lord Mervyn King has been appointed to the club's board of directors. King, who is also a cricket fanatic, is a life-long Villa supporter, with a [...]
Bank of England rate-setters vote unanimously to keep interest rates as record lows as Chancellor George Osborne expresses mixed feelings over low inflation February 4, 2016 Borrowing costs are on course to stay lower for longer as the Bank of England’s committee of rate-setters voted unanimously to keep interest rates at record lows for the first time since the Summer. Rate-setter Ian McCafferty has been voting to increase Bank rate from 0.5 per cent to 0.75 per cent since August. His [...]
UK house price betting odds: A bookmaker is taking bets house prices will fall this year – and London prices will fall fastest February 4, 2016 Today's Halifax house price index may have suggested house price growth is speeding up – but one bookmaker is giving decent odds they'll actually fall this year. Star Sports, which calls itself "the gentleman's bookmaker", is giving odds of 8/11 that house prices will fall in 2016 – against odds of 11/10 they'll rise. The [...]
EU students fill gaps at UK universities as home applications fall February 4, 2016 There is a rising number of EU students applying to spots at UK universities, while the number of home applications is falling, new figures have revealed. Statistics published by Ucas, the university admissions service, show 45,220 EU students applied for a place at a UK university starting this autumn, up six per cent on the number that [...]
FTSE 100 index opens up as oil prices surge lifting oil companies and miners including Anglo American and Glencore ahead of the Bank of England’s interest rate decision February 4, 2016 The FTSE 100 index opened up this morning as markets priced out a further interest rate increase by the Federal Reserve this year, in turn causing the dollar to slide and the price of oil to rally. The UK's blue chip index rose 1.46 per cent to 5,924 points ahead of the Bank of England's latest [...]
City Moves for 4 February 2016 | Who’s switching jobs February 4, 2016 Alpha Capital Markets Financial trading company Alpha Capital Markets has announced a new executive team. Muhammad Rasoul has been appointed the new chief executive, Kurt Hoeksema is chief trader and risk officer, and sales duo Roger Hambury and Scott Sandat are heads of global sales. They will join current executive chairman, Tony Afram and chief operating [...]