After the Nvidelity comes the Huangover. Jensen Huang joins long list who confused boardroom and bedroom
Credit Suisse boss Tidjane Thiam blames Brexit vote on poor British education and calls for higher taxes to fund UK schools July 3, 2016 Credit Suisse boss Tidjane Thiam has blamed the UK's decision to leave the EU on a lack of investment in British education. Speaking at a business conference in southern France on Sunday, Thiam recalled a visit to a school in Tower Hamlets where he found out that around half of the children only ate once a day. [...]
City Moves for 1 July 2016 | Who’s switching jobs July 1, 2016 UniCredit UniCredit, Italy's biggest bank by assets, has appointed Jean Pierre Mustier as CEO. Jean Pierre began his career at Societe Generale where he held various positions from 1987 to 2009. In 2003, he was appointed head of Societe Generale’s corporate and investment banking division and member of the bank’s executive committee. From 2011 to [...]
Trading suspended in Barclays and RBS as European bank shares crash June 27, 2016 Trading in bank shares was temporarily suspended on multiple occasions today as the value of European lenders tumbled in response to the vote to leave the EU. Financial giants Barclays and Royal Bank of Scotland (RBS) both fell more than 18 per cent by lunchtime as markets increasingly turned on stocks perceived to be most at risk from prolonged uncertainty [...]
I’m a migrant and entrepreneur: We all deserve better than Brexit June 23, 2016 I’m a Polish migrant and a successful entrepreneur, and I proudly call London home. Having lived in Krakow, Dublin and New York, it was London’s dynamic intersection of cultures from all over the world (and the EU in particular) that made me want to put down roots here. But sadly that dynamism has started to ebb away [...]
City Moves for 22 June 2016 | Who’s switching jobs June 22, 2016 Blackwell’s Independent bookseller Blackwell’s has confirmed the appointment of its head of operations, Kate Stilborn, to the company’s board in the newly created role of customer service & operations director. Kate, who has been with Blackwell’s for 23 years, will oversee its commitment to delivering excellence in customer service across multiple channels, including online, and [...]
These are the seven fintech startups being backed by Mastercard June 21, 2016 Mastercard is backing seven fintech startups hoping to change the way we use money and disrupt the finance world. London startups Revolut and Everledger are among the tech firms chosen for Mastercard's six month Start Path programme from among more than 500 applications from 60 countries. The startups, from as far afield as Israel and Argentina and announced at London [...]
What will happen to UK equities if we leave the European Union? June 21, 2016 The pound and the FTSE soared yesterday, as the Remain camp wrestled back its lead in the polls. But the outcome of Thursday’s EU referendum is far from clear, with pundits saying that voter turnout will be pivotal in determining whether the UK stays or leaves. If Article 50 is triggered and sterling dives, what should [...]
Why Avant’s Al Goldstein is excited about partnering with big banks June 16, 2016 Despite being just four years’ old, Avant Credit is one of the largest marketplace lenders in the alternative finance industry. The US firm has been operating in the UK since 2013, and has issued over half a million loans to consumers, totalling more than $3bn in originations. Avant isn’t a P2P lender – it uses [...]
Fintech boom means Brexit won’t hurt exports June 14, 2016 Exporting can be a powerful driver of business growth, and small and medium-sized enterprises that sell overseas often find themselves more successful in their domestic market as a result of what they learn from exporting. So, I was disheartened to see at a recent seminar hosted by the Association of Chartered Certified Accountants, that only around 20 per [...]
Poundland faces profit plunge after delayed takeover of 99p Stores last September June 12, 2016 Discount retailer Poundland might need a few quid as it braces for a plunge in profits this week. The company’s full-year results have been dragged down by its delayed takeover of high-street rival 99p Stores. Earnings per share are forecast to fall almost 43 per cent, from 15.01p to 8.58p per share, when the company [...]