After the Nvidelity comes the Huangover. Jensen Huang joins long list who confused boardroom and bedroom
European banking shares skid lower as FTSE 100 sinks June 10, 2016 European banking shares finished sharply lower today, making their biggest intraday decline since the beginning of February. The Stoxx 600 Banks index finished 4.2 per cent lower, its biggest one-day fall since 11 February. It was pushed down by the likes of Deutsche Bank, which skidded 4.6 per cent to €14.06, and Credit Suisse, which fell 3.8 per cent [...]
EU referendum voter registration deadline is today: Here’s everything you need to know about how to register to vote June 7, 2016 There isn't much time left to register to vote in the EU referendum – the deadline is rushing towards us faster than the Vote Leave battlebus… What you need to know about registering to vote in the EU referendum When is the deadline? Midnight on 7 June (that's today) is the last time you can register to vote in [...]
City Moves for 26 May 2016 | Who’s switching jobs May 26, 2016 Ayming International business performance consultancy group Ayming has appointed Alejandro Alvarez as UK director for operations performance. Alejandro has been brought in to launch Ayming’s UK operations performance business unit, which will focus on helping clients to improve their operational efficiency, procurement & supply chain performance and working capital. Prior to joining Ayming, Alejandro was [...]
This London proptech startup’s landed £2m to help make renting less awful May 18, 2016 A London property technology startup which aims to be the Amazon of renting has landed several millions of pounds in funding from renowned tech investor Robin Klein, among others. Goodlord simplifies renting via an app which takes the hassle out of the paperwork with a "rental passport" that keeps hold of renters' information as well as making [...]
The next great tax reform: Universal Basic Income May 12, 2016 Radicalism and popularity rarely march in step. Yet, there is one policy that the Chancellor has pursued, urged on by the Liberal Democrats when in coalition, that has achieved both: the expansion of the personal tax allowance. By the end of this parliament, the personal allowance is likely to have nearly doubled in cash terms [...]
Credit Suisse posts second quarterly loss and warns over tough market conditions May 10, 2016 Credit Suisse posted its second quarterly loss today, as it warned tough market conditions could persist until at least the second quarter. The figures Credit Suisse reported a post-tax loss of 302m Swiss francs (£215m) in the first three months of 2016, compared to a profit of 1.1bn francs during the same period last year. But this was narrower than the average forecast [...]
Tidjane Thiam facing a second consecutive quarterly loss at Credit Suisse May 8, 2016 Tidjane Thiam is set to come under more pressure this week when Credit Suisse reports its first-quarter results. Thiam took over as chief executive of the bank from insurance group Prudential last July. Since then, Credit Suisse's share price has plummeted by around 50 per cent to $14 (£9.70). [charts-share-price id="250"] Read more: Credit Suisse braces for bumpy road ahead The [...]
Palantir founder hits out at claims unicorn startup is struggling May 8, 2016 A founder of one of the world's most highly valued startups has hit back at claims the company is struggling with the loss of clients and staff. Joe Lonsdale, a founder of the secretive startup Palantir along with PayPal pioneer Peter Thiel and others, which boasts the Bank of England as one of its clients, said it was [...]
City Moves for 4 May 2016 | Who’s switching jobs May 4, 2016 Marsh Marsh, the insurance broker and risk adviser and a wholly owned subsidiary of Marsh & McLennan Companies, has announced that Abbey Sturrock has joined the firm’s political risk and structured credit practice as a senior vice president within the public agency group. Based in London, Abbey will be responsible for delivering Marsh’s market-leading advisory [...]
A Spring is in the air this May – Shareholder revolt set to build with Aviva and Reckitt Benckiser meetings May 3, 2016 Company bosses are braced for further uprisings this week. Consumer goods group Reckitt Benckiser, insurance giant Aviva, and FTSE 250 hedge fund Man Group all host shareholders for their annual general meetings. Last week the shareholder spring picked up pace as investors voted against boardroom pay rewards for engineering firm Weir Group and Shire, the FTSE [...]