After the Nvidelity comes the Huangover. Jensen Huang joins long list who confused boardroom and bedroom
Alarm bells sound for global growth: What does it mean for investors? November 19, 2015 The state of the world economy is spooking analysts. In October, the IMF downgraded its global growth forecast for 2015 to 3.1 per cent, from the 3.3 per cent it predicted in July. Last week, the OECD added to the gloom, trimming its 2015 forecast for world output growth to 2.9 per cent on the [...]
Mark Carney warned over gilt market instability risks November 15, 2015 A decline in bond market liquidity could threaten financial stability, the chairman of the Treasury select committee has warned. Treasury chairman Andrew Tyrie has written to Bank of England governor Mark Carney, laying out his concerns and asking for the Financial Policy Committee's view on the risk of declining liquidity in the bond market. Tyrie highlighted particular [...]
City Moves for 13 November 2015 | Who’s switching jobs November 12, 2015 SAVILLS The property consultancy has appointed Derek Moir as a director in its building and project consultancy team. He has over 27 years’ experience in the property sector, and is returning to Savills after seven years in China, where he was head of Turner & Townsend’s Beijing office. DELOITTE Jason Warnes has been appointed partner [...]
Poundworld secures £50m loan from Santander to fund its expansion November 10, 2015 Poundworld has secured a £50m loan from its banks to help fund its expansion, just months after private equity firm TPG snapped up a majority stake in the bargain chain. The value retailer said the five-year loan provided by Santander Corporate Bank will help the group meet its target of opening 60 new stores a year across the UK on top of [...]
City Moves for 10 November 2015 | Who’s switching jobs November 9, 2015 BNP PARIBAS INVESTMENT PARTNERS The asset management division of BNP Paribas has announced the appointment of Laurent Gueunier as head of alternative debt management. He joins from Axa Investment Managers, where he was head of structured finance. Gueunier has also worked within structured credit at JP Morgan and began his career within commodities trading at [...]
Standard & Poor’s warns of greater risks for Chinese insurers as they seek out overseas investments November 2, 2015 Chinese insurers could encounter increased risks as they seek investments overseas, a Standard & Poor’s Ratings Services report released today warned. The report notes that China’s recent economic slowdown and interest rates cut meant insurers were likely to generate less new business and have to increase their claim liability reserves on their existing business. These [...]
Whatever chancellor George Osborne does next on tax credits he should set it out as clearly as possible October 27, 2015 The Conservative voter who berated energy minister Amber Rudd on Question Time became something of an overnight sensation. Michelle Dorrell was visibly upset as she said life would become very difficult for her and her family if the government was to proceed with its reductions in tax credits. But just a day or two later, [...]
Morrisons staff to sue after disgruntled colleague Andrew Skelton posted bank, salary and National Insurance details online October 27, 2015 Morrisons staff are planning to sue the supermarket after a data leak led to personal details of almost 100,000 employees being posted online by "a former colleague with a grudge". Bank, salary and National Insurance details were posted by Andrew Skelton, a senior internal auditor at Morrisons' Bradford head office, on data sharing websites after being disciplined [...]
As it receives a mauling in the House of Lords, will tax credit cuts be this government’s poll tax? October 26, 2015 Tim Farron, leader of the Liberal Democrats, says Yes The Conservative Party’s cuts to tax credits are as misguided as their attempts to bring in the poll tax. This is effectively a tax rise targeted towards millions of the lowest paid people in our country. And remember, these people are doing the right thing – [...]
It’s official – eating processed meat is a major cause of cancer, and it could spell trouble ahead for Britain’s farming industry October 26, 2015 Eating processed meat is a major cause of cancer in humans, according to the results of an investigation by the World Health Organisation (WHO). The study, carried out by WHO's International Agency for Research on Cancer (IARC), found that for every 50g portion of processed meat eaten daily, the risk of bowel cancer increases by [...]