After the Nvidelity comes the Huangover. Jensen Huang joins long list who confused boardroom and bedroom
FTSE gains held back by miners and RSA’s woes – London Report September 22, 2015 TOP UK shares gained yesterday but underperformed a stronger rally across Europe, after takeover talks for insurer RSA fell through and mining stocks suffered another bout of selling. The FTSE 100 was up 0.1 per cent at 6,108.71 points at its close after falling in the previous two sessions. Pan-European equities were up 1.1 per [...]
RSA Insurance Group’s share price plunges as Zurich tells RSA: It’s not you, it’s us September 22, 2015 RSA Insurance Group’s share price plunged yesterday after rival firm Zurich revealed it was walking away from a £5.6bn takeover bid. RSA’s share price closed down 20.84 per cent as investors digested the shock news. Zurich’s share price was also down, albeit a less remarkable 2.79 per cent. Zurich said it was abandoning [...]
Fed up markets down? It’s about funding not rates September 18, 2015 Global markets were sent into a tailspin yesterday after the Federal Reserve held fire on interest rates amid fresh concerns over the Chinese economy and emerging markets. But market mavens should be paying attention to funding, rather than interest rates. It’s frequently said and not always in jest, that the credit markets are smarter than the stock [...]
Quindell share price falls after distressed companies investor Hedge fund Beach Point Capital Management beefs ups stake September 14, 2015 A US-based hedge fund has beefed up its stake in insurance group Quindell, which is being investigated by the Serious Fraud Office (SFO). Beach Point Capital Management now has a five per cent stake in Quindell, after buying more than 420,000 shares in the company on 10 September. Beach Point, whose clients include large public and corporate pension [...]
Wall St rises, but fears grow over volatility – New York Report September 2, 2015 Wall Street shares jumped almost two per cent yesterday in the latest volatile session as investors weighed the impact of a stumbling Chinese economy and global market turmoil on the Federal Reserve’s impending decision about when to raise interest rates. The Dow Jones industrial average jumped 1.82 per cent to end at 16,351.31 points.The S&P [...]
The poorest have most to gain from the Financial Conduct Authority making it easier to innovate August 25, 2015 One of the FCA’s statutory objectives is to promote effective competition in the financial services sector in the interests of consumers. As the economy continues to settle into a new phase, it is fair to ask whether the FCA should adjust the balance of its focus on market enforcement and instead ensure resources are [...]
Unlimited upsides? Check. Too big to fail? Check. History tells us careful investors could be about to make millions in China August 21, 2015 The Chinese government could be forgiven if it now feels rather pleased with itself. After interventions including banning negative reporting on markets, threatening to prosecute short-sellers, and ordering companies to engage in share buybacks, it has succeeded in arresting a stock market crash – albeit with a few bumps along the way. Not many governments [...]
City Moves for 18 August 2015 | Who’s switching jobs August 17, 2015 Investec Roger Lee has been appointed to the bank’s large cap pan-European sales team. He joins from Macquarie, where he was first responsible for leading the development of its global sales platform in Asia and the Middle East, and subsequently relocated to London to develop its UK and European long-only coverage. Lee has over 20 [...]
Carphone Warehouse cyber attack probed by data watchdog ICO August 10, 2015 Dixons Carphone has suffered its first major blow since last year’s £4bn merger after admitting to a huge data breach that has put millions of customers at risk and sparked an investigation by the UK’s data watchdog. The Information Commissioners Office (ICO) said yesterday that it is “making enquiries” into the attack after being [...]
Top banks could face millions in new PPI claims over commission August 10, 2015 Britain’s top banks are facing further fall out from the mis-selling of payment protection insurance (PPI). The latest potential threat comes from a case brought by lecturer Susan Plevin, over a loan and PPI policy taken out in 2006. She was unaware that more than 70 per cent of the commission she paid on the [...]