After the Nvidelity comes the Huangover. Jensen Huang joins long list who confused boardroom and bedroom
Not feeling capital: Debenhams faces growing cash reserve woes as credit insurer scraps cover to suppliers September 30, 2018 Embattled department store chain Debenhams suffered a fresh blow today as one of its leading credit insurers turned off the tap for cover provided to the retailer’s suppliers. Insurance provider Atradius is pulling its entire credit cover for Debenhams’ suppliers, amid fears about the future of the historic retail giant in the run-up to Christmas. [...]
PPI scandal turning ‘portions of Britain into fraudsters’, Barclays boss claims September 23, 2018 The PPI scandal has turned “portions of Britain” into fraudsters, Barclays chairman John McFarlane has claimed. McFarlane, said it was “inconceivable” that all the payment protection insurance mis-selling claims that had helped fuel a “flat-screen television” buying spree were genuine. He also accused the government of being complicit in the weakening of the banks by [...]
City Moves for 21 September 2018 – who’s switching jobs at Marsh, OFX and Currencycloud? September 21, 2018 Today's City Moves cover insurance broking and payments companies. Take a look at these movers and shakers: Marsh Marsh, a global leader in insurance broking and innovative risk management solutions, has appointed Alistair Fraser (pictured) as CEO of its UK corporate division. Alistair succeeds Joe Grogan, who Marsh has named as chairman of Marsh Ireland. [...]
City Moves for 21 September 2018 – who’s switching jobs at Marsh, OFX and Currencycloud? September 21, 2018 Today's City Moves cover insurance broking and payments companies. Take a look at these movers and shakers: Marsh Marsh, a global leader in insurance broking and innovative risk management solutions, has appointed Alistair Fraser (pictured) as CEO of its UK corporate division. Alistair succeeds Joe Grogan, who Marsh has named as chairman of Marsh Ireland. [...]
Every man’s office is his castle: Chris Morling tells us about the time his business unintentionally spread fake news September 17, 2018 What kind of boss decides to buy a castle and use it as an office? Apparently, a boss like Money.co.uk founder Chris Morling. While some might presume that purchasing a castle is merely a grandiose way of making a statement, Morling is far from a show-off. In truth, the idea started out as a [...]
Every man’s office is his castle: Chris Morling tells us about the time his business unintentionally spread fake news September 17, 2018 What kind of boss decides to buy a castle and use it as an office? Apparently, a boss like Money.co.uk founder Chris Morling. While some might presume that purchasing a castle is merely a grandiose way of making a statement, Morling is far from a show-off. In truth, the idea started out as a [...]
Debenhams calls in top auditors to weigh up potential insolvency September 9, 2018 Embattled department store chain Debenhams has called in Big Four accountancy firm KPMG to help carry out desperate restructuring measures which could include a controversial insolvency process. Among the contingency options currently being weighed up by KPMG is a company voluntary arrangement (CVA), which is an insolvency option that can be used to close stores [...]
City Moves for 7 September 2018 – who’s switching jobs at Fenchurch Advisory Partners, Wyelands Bank and CVC Credit Partners? September 7, 2018 Today’s City Moves cover financial services, small-business banking and Fenchurch Fenchurch Advisory Partners has appointed William Nourse as a senior managing director. William has more than 20 years of experience of corporate finance in the financial services sector. He joins from Credit Suisse, where he was a managing director in the financial institutions group. Before [...]
Is a rise in this niche borrowing a red-flag indicator for the stock market? September 6, 2018 “There can be few fields of human endeavour in which history counts for so little as in the world of finance.” John Kenneth Galbraith On The Value Perspective blog, we have a folder of what we call ‘red-flag market indicators’. It has started to bulge as investor confidence, a decade into an equity bull market, continues [...]
New car hire app Virtuo sidesteps all the usual pains of London car rentals August 30, 2018 By far the least entertaining part of renting a car is having to stand around inside a hermetically sealed fartbox of a portacabin on the edge of some rainy industrial estate, before a 17-year-old in an oversized suit throws you the keys to an old banger that you suspect was built in East Germany. Recently [...]