After the Nvidelity comes the Huangover. Jensen Huang joins long list who confused boardroom and bedroom
PERSONAL FINANCE NEWS February 2, 2011 SPACE INVADERS COST £66M Space invaders, houseguests who stay with friends and family for weeks at a time without paying rent, are causing havoc. More than 4.9m homeowners have been left counting the cost of houseguests who overstayed their welcome last year. Direct Line research shows that the space invaders caused £66m in damages to [...]
April tax hikes will harm rich the most: study January 30, 2011 WEALTHY people will be hardest hit by fresh tax hikes being introduced in April, the Institute of Fiscal Studies (IFS) said today. The richest tenth of the country will lose on average three per cent of their net income because of the changes, while most others will lose just one per cent, the IFS revealed. [...]
CITY MOVES | WHO’S SWITCHING JOBS January 30, 2011 KPMG Dr Nicola Mazzarotto (pictured) has been appointed as head of competition economics for financial advisory and accountants KPMG. The appointment means that he is now a director in the firm’s economics practice. He joins the firm from the competition commission, where he performed economic analysis for eight years on several high-profile mergers, including a [...]
Vodafone drags on the FTSE despite strong insurer gains January 27, 2011 BRITAIN’S FTSE 100 share index closed slightly lower yesterday, after a dip in index heavyweight Vodafone, dented by weak results from AT&T, offset a surge in insurers following positive broker comment. The FTSE 100 closed down 4.13 points, or 0.1 per cent, at 5,965.08, having added 0.9 per cent the previous session. Vodafone, the company [...]
FTSE left lower as investor confidence knocked January 27, 2011 The FTSE lost traction this afternoon after a credit rating cut on Japan knocked investor confidence from the market open, and poor results from fashion chain H&M saw retailers sold. The FTSE 100 closed down 0.07 per cent or 4.13 per cent at 5,965.08 with miners giving up earlier gains to allow steady asset management [...]
A NIGHT TO CELEBRATE SUCCESS January 26, 2011 THERE’S little that cheers the soul better after a lingering recession than a roomful of entrepreneurs, and last night’s Quoted Company Awards were no exception, as banks and brokerages gathered to cheer on their new and growing clients. Companies in attendance ranged from a bevy of smart media startups, including nine-month-old Digital Theatre and acquisition-hungry [...]
Coalition rejecting its own medicine January 23, 2011 THIS week will be critical for the coalition’s economic policies, in terms of perceptions even if not in reality. Despite their tentative nature, Tuesday’s fourth-quarter GDP figures will take centre-stage in Westminster: if they come in as expected, the coalition will celebrate; if they are weak, Labour’s Ed Balls will have a field day trashing [...]
THE TIPSTER January 23, 2011 AN INTERIM management statement is due from Sage, the software service provider, on Wednesday. Renewed confidence in the economy should bode well for the company, which has seen shares creep back to the levels it achieved before the credit crunch. Admittedly, the stock remains a long way below the all time highs of the dot-com [...]
RBS surges on talk of asset protection exit January 21, 2011 Royal Bank of Scotland and the Treasury are in talks over RBS’s possible early exit from the government asset protection scheme that insures the bank’s riskiest assets, an industry source said. “Clearly there are talks going on, but it is very early days,” the source said on Friday. The Asset Protection Agency (APA) – which [...]
HMV in crisis talks as debt threatens bank limits January 19, 2011 TROUBLED music retailer HMV has called in KPMG for debt management advice to try to stop it breaching upcoming bank covenants. HMV, which experienced a torrid day yesterday after admitting that credit insurers had reduced their coverage of its sales amid fears of its creditworthiness, has hired the accountant to provide specialist debt advisory services, [...]