After the Nvidelity comes the Huangover. Jensen Huang joins long list who confused boardroom and bedroom
Co-op boosts revenue and profit following Nisa deal April 5, 2019 Co-op has increased its revenue and profit strongly in the wake of its acquisition of retail chain Nisa in May. Looking forward the group warned of potential uncertainty over Brexit and said it was planning for various scenarios as best as it can. The numbers Revenue rose 14 per cent to £10.2bn and profit before [...]
Competition watchdog mulls probe into Visa’s £247m takeover of Earthport April 4, 2019 The competition watchdog is mulling an investigation into Visa’s proposed £247m takeover of UK payments firm Earthport. Visa outbid Mastercard earlier this year in an intense battle for the global payment network. The Competition and Markets Authority (CMA) said today it was considering whether the deal would “substantially lessen” competition in the UK market. The watchdog [...]
Google UK employees earned £226,000 on average last year April 3, 2019 Staff at Google’s UK offices earned an average of £226,000 last year after the firm paid out more than £340m through its share scheme. The tech firm paid £829m to its employees in the year to the end of June, up from £657m the previous year. The company, which currently has three main offices in [...]
Digital advertising firm Teads posts revenue rise as it looks to fend off tech giants April 2, 2019 Digital advertising firm Teads has posted a 30 per cent jump in revenues for the full-year as it looks to win back market share from Facebook and Google. The media platform pulled in revenues of €365m (£314m) last year after extending its reach to 1.4bn global monthly users and more than 90 per cent of [...]
Is Uber the new Amazon? April 2, 2019 By Edmond Jackson from interactive investor. In a test of narrative power versus whopping financial losses, so-called “ride-hailing” or “ridesharing” giants Uber and Lyft have rivalled each other to list on the New York Stock Exchange – Lyft got there first. Both capture the spirit of the times, connecting taxi drivers to passengers via their [...]
MPs call for full breakup of audit’s Big Four in wake of scandals April 2, 2019 MPs have triggered a war of words in the City after calling for a radical breakup of accountancy’s Big Four firms. A highly-anticipated report by the Business, Energy and Industrial Strategy (Beis) Committee, released today, said the audit and consultancy arms of Deloitte, EY, KPMG and PwC should be forcibly divided to drive up competition [...]
Still doubting the benefits of free markets? Just look at Ethiopia April 1, 2019 “It's a zero-sum game,” says Gordon Gekko in Oliver Stone’s 1987 film, Wall Street. “Somebody wins, somebody loses.” This sentiment relies on the idea is that there is a fixed amount of wealth to go round. It is nonsense – yet many, perhaps unthinkingly, believe it. Read more: Editor's Notes: The future of capitalism deserves more [...]
Financial Conduct Authority confirms ban on sale of binary options to retail consumers March 29, 2019 City watchdog the Financial Conduct Authority (FCA) said today it was banning the sale, marketing or distribution of binary options to retail customers. Binary options are financial instruments that allow traders to speculate on which way a market will move. Read more: The FCA has to show it really means business The FCA said the [...]
Mark Kleinman: Chairs face revolt over independence day March 29, 2019 Who’s the odd one out on this list of veteran FTSE-350 bosses? As chairs of Babcock International, Domino’s Pizza and GVC Holdings, Mike Turner, Stephen Hemsley and Lee Feldman find themselves among the first victims of governance reforms decreeing the end of their ability to act independently after nine years on the board. In the [...]
Dignity welcomes watchdog’s probe into high funeral prices March 28, 2019 Dignity has welcomed a competition probe into the funeral sector announced today. Read more: Dignity shares slide after regulator proposes funeral competition probe The Competition and Markets Authority (CMA) said it will carry out a full market investigation into the industry after voicing concerns over high prices and a lack of competition. Dignity, the UK’s [...]