After the Nvidelity comes the Huangover. Jensen Huang joins long list who confused boardroom and bedroom
Autumn Budget 2017 at-a-glance guide: All the announcements by chancellor Philip Hammond you need to know November 22, 2017 Chancellor Philip Hammond has unveiled the Autumn Budget, saying the UK must “seize the opportunities” for Britain and promised to invest “to secure a bright future”. Now we’ve heard plenty about what was expected from today, from a concerted focus on housing, to a regulatory revamp for driverless cars and a slew of tech spending. [...]
Autumn Budget 2017: Chancellor Philip Hammond’s speech in full November 22, 2017 You can read the chancellor's Budget speech in full here: Mr Deputy Speaker I report today on an economy that continues to grow, continues to create more jobs than ever before and continues to confound those who seek to talk it down. An economy set on a path to a new relationship with our European [...]
Concordia accused by UK competition watchdog of overcharging the NHS by “millions” November 21, 2017 Canadian drug giant Concordia overcharged the NHS by millions of pounds, Britain’s competition regulator provisionally found today. It is alleged the firm hiked the price of one the NHS’ essential thyroid drugs. Last year, the NHS spent more than £34m on the medication, called liothyronine, an increase from £600,000 in 2006. The Competition and Market’s [...]
Just Eat share price inches up as competition watchdog clears takeover of Hungryhouse November 16, 2017 Just Eat’s takeover of Hungryhouse has been officially cleared to go ahead by the competition regulator. The Competition and Markets Authority (CMA) said today that a group of independent panel members found that the merger does not raise competition concerns. In the CMA’s provisional findings, published last month, it stated that Hungryhouse presently provides limited [...]
Insurance megadeals driving surge in M&A deal value November 14, 2017 An increase in the number of insurance megadeals drove a surge in the total value of mergers and acquisitions (M&A) activity, according to data to be published today. Total deal value rose by 170 per cent between the first half of 2016 and the first half of 2017, a survey by Willis Towers Watson and [...]
Financial Conduct Authority launches review into competitiveness of London’s £68bn insurance broker market November 8, 2017 Financial regulators are to probe whether the City’s prized insurance broker network is delivering value for money amid concerns it is skewed towards larger players, allowing them to squirrel away bigger profits. The Financial Conduct Authority (FCA) wants to know whether London’s £68bn insurance market is fostering sufficient innovation and competition and today launched a [...]
Former Lloyds head was aware HBOS could be nationalised but denies government pressured for a takeover November 6, 2017 Lloyds TSB’s former chief executive Eric Daniels took to the witness stand to deny that the bank had been pressured to take over HBOS at the height of the financial crisis. Daniels is the most senior executive to take to the witness stand, in an ongoing £550m trial which has seen around 6,000 shareholders attempt [...]
Admiral Taverns snaps up Heineken’s excess pubs following Punch Taverns acquisition November 1, 2017 Admiral Taverns today announced it has reached an agreement to take on some of the pubs shed by Heineken following its acquisition of Punch Taverns. Admiral, which was itself bought by new owners in September, has formed a partnership with Scottish hospitality group G1 to acquire a portfolio of 29 pubs. Due to the ongoing [...]
Legal services: It’s time to be transparent about pricing October 23, 2017 For too long, pricing has been the thorn in the side for many businesses employing legal services firms. Last year, the Competition and Markets Authority published a damning report on legal services in the UK, highlighting the impenetrable nature of pricing for clients. Around £11-12bn a year is spent by consumers on legal services in [...]
Esure and Direct Line founder Sir Peter Wood to flog chunk of Gocompare stock to pursue property investment interests October 18, 2017 Sir Peter Wood, the insurance tycoon founder of Direct Line and Esure, today revealed plans to dump a multi-million slug of Gocompare shares on the market in order to fund his London and US property interests. In an after-market announcement, Wood said he will place 21.3m shares on the market. With Gocompare’s stock trading at [...]