After the Nvidelity comes the Huangover. Jensen Huang joins long list who confused boardroom and bedroom
Spring Budget 2017 at-a-glance guide: All of chancellor Philip Hammond’s big announcements you need to know March 8, 2017 Chancellor Philip Hammond has delivered his first (and last, thanks to a shift around in dates) spring Budget speech. But, as not everybody has the time to go back and listen to his words of wisdom in full, here's an at-a-glance breakdown of the biggest announcements you need to know: Economics, public spending and politics [...]
Tax free dividend allowance reduced from £5,000 to £2,000 two years after George Osborne scrapped the dividend tax credit March 8, 2017 Chancellor Philip Hammond has slashed the tax free dividend allowance from £5,000 to £2,000. The Treasury said the allowance was being shrunk so as to "reduce the tax differential between the self-employed and employed, and those working through a company, to raise revenue to invest in public services". It will "ensure that support for investors is [...]
Here’s how we build P2P firms that actually service the poor March 2, 2017 Is payday lender Wonga the only alternative finance business that actually addressed credit demand among poor people? A regulatory crackdown on the industry has pushed the most disadvantaged in this country towards hire purchase firms, where they “buy” something on credit, sell it on almost immediately to obtain ready cash, then end up paying back [...]
Moneysupermarket announces share buyback after growing profits February 28, 2017 Moneysupermarket Group is launching a £40m share buyback after reporting increased revenue and profit for the year to 31 December 2016. The figures Group revenue rose 12 per cent to £316.4m from £281.7m. Operating profit was up 13 per cent to £91.1m from £80.5m, while profit after tax grew by 16 per cent to hit [...]
Tandem Bank’s chief executive Ricky Knox talks sarongs, dumb pipes, ornithology and why Facebook is scared of banking February 27, 2017 "Would you have called Amazon? I didn’t! We all thought that was just a fad – it was a bookseller. An online bookseller with that valuation? But the internet creates these giants – and it’s not just one or two of them. "Look at music – EMI is basically dead. Google – a little bulls*** [...]
These are the seven deadly sins of the workplace February 17, 2017 Perhaps it was inevitable that someone would try to rebrand the seven deadly sins. After all, it’s 1,700 years since monk Evagrius Ponticus came up with the eight evil thoughts generally credited with the concept. These were whittled down to seven by Pope Gregory I in AD590 – vainglory was the one to go. Now [...]
Big five banks run up £100bn bill in bad loans and legal costs over the last five years February 16, 2017 The UK's big five banks, which report full-year results next week, have run up a bill of nearly £100bn over the last five years for a toxic mix of fines and bad loans according to a new analysis. However, the era of sour loans and megafines that dwarf the banks' dividend payouts could finally be [...]
Fears grow for Toshiba as it delays nuclear writedown and earnings announcement February 14, 2017 Shares in Toshiba fell over eight per cent in overnight trading after the conglomerate unexpectedly pushed back an announcement on its quarterly earnings and details of a mammoth writedown of its nuclear business. Investors were waiting with bated breath for the announcement, due today at 3am GMT (12pm Japan time) with the market expecting a charge of [...]
This is our best chance to scrap the toxic American tax law that makes pariahs out of US citizens February 9, 2017 We have President Trump in our sights. Having this week officially launched the Washington DC-based Campaign to Repeal FATCA, we’re lobbying to have America’s toxic, imperialistic global tax law swept into the dustbin of history. I’ve been an outspoken critic of the Foreign Account Tax Compliance Act (FATCA) since it was rushed through Congress by [...]
Government kicks off next stage of £12bn student loanbook sell-off February 6, 2017 The government formally kicked off the next stage of its bid to sell £12bn-worth of student loans today. City A.M. revealed bankers from Barclays had been appointed to advise on the deal last month. Read more: Bankers appointed by government for latest student loans sell-off push The sale, which is being structured as a securitisation, is being [...]