After the Nvidelity comes the Huangover. Jensen Huang joins long list who confused boardroom and bedroom
Carillion could crash into administration as early as Monday if the government doesn’t back a rescue plan January 13, 2018 Troubled construction firm Carillion could fall into administration as soon as Monday if the government does not back a rescue plan, according to reports. Government officials are set to hold crunch talks on the firm’s fate on Sunday, Sky News reported, quoting a source that called it a “make-or-break weekend”. “Without that commitment of support [...]
Carillion: Trade credit insurers pull cover as Carillion “hangs by a thread” January 13, 2018 Euler Hermes and other trade credit insurers have stopped writing new coverage for suppliers to embattled contractor Carillion, sending a signal the company is at risk of collapse, according to reports. Tokio Marine HCC and MGA Nexus also said they would not insure deliveries to the firm, Insurance Insider reported. Trade credit insurance protects firms [...]
Gocompare share price rises after splashing £36.5m of its spondoolicks on voucher code website MyVoucherCodes December 19, 2017 Price comparison website Gocompare today snapped up online voucher code website MyVoucherCodes for £36.5m. Gocompare is hoping the acquisition will be transformational by attracting customers on a daily rather than annual basis. Boss Matthew Crummack said MyVoucherCodes would play a “valuable role [in the firm’s] ambition to become the ‘go-to’ place for savvy savers to [...]
Insurance startup InsurePal to launch £15m initial coin offering December 18, 2017 Millennial-focused insurance startup InsurePal has announced it is raising £15m in an initial coin offering (ICO) to fund its UK motor launch in the first half of 2018. ICOs are a type of crowdfunding using cryptocurrencies, but they have been criticised by the Financial Conduct Authority as “very high-risk, speculative investments”. InsurePal uses the ethereum [...]
Digital challenger Starling to hit profit in 2019 says founder Anne Boden as European expansion takes crucial step December 12, 2017 Digital-only challenger bank Starling will “definitely” be in profit by the end of 2019, its chief executive told City A.M., as it announced a major step in its plans for European expansion. Anne Boden, who started work on the bank in 2014, said Starling will be “breaking even in about two years’ time” as it [...]
Avoiding the financial perils of divorce November 29, 2017 If your marriage has broken down, the emotional strain can take its toll. But splitting your finances can make the divorce process a lot tougher. Last year, the number of divorces among opposite sex couples increased by 5.8 per cent compared to 2015, according to figures from the Office for National Statistics. But worryingly, [...]
Protectionism means UK export growth will slow next year despite weak pound says report November 27, 2017 The growth in British exports will slow next year as protectionist measures take their toll, in spite of a weaker pound boosting competitiveness, according to research published today. UK exports will increase by £20bn in 2018, slower than the £50bn predicted for 2017, according to forecasts from trade credit insurer Euler Hermes. The chemicals industry, [...]
One year of President Trump: the impact on markets November 10, 2017 President Trump has credited himself for the rise in the stockmarket since he won the US election 12 months ago. It is not fake news. Demand for equities has been strong because it is hoped the Trump administration will pass legislation reducing tax for companies, which should boost their profitability. Since the election on 8 [...]
Cohabiting couples: Don’t get caught out November 1, 2017 As fewer couples choose to tie the knot, it’s clear that marriage is no longer widely seen as the be-all-and-end-all to a relationship. Instead, many couples are opting for the cohabitation route – as sexy as that sounds. Figures from insurance giant Zurich estimate that there are more than 400,000 cohabiting families in London alone. [...]
World’s biggest fund managers control more money than the total wealth of Europe October 30, 2017 The world’s 500 biggest fund managers now control over $80 trillion (£61 trillion) of money, according to research released today. Total assets under management swelled by 5.8 per cent to $81.2 trillion by the end of 2016, according to Willis Towers Watson. This means the largest fund managers in the world control more money than [...]