After the Nvidelity comes the Huangover. Jensen Huang joins long list who confused boardroom and bedroom
A tricky balancing act on tax reform September 21, 2010 CONFERENCE season is upon us and the next few weeks will be the first time the parties have had since May to slow down and take stock of this brave new post-coalition political world. Given the breakneck speed at which the coalition has been implementing its policies so far, the conference pause is also a [...]
BEST OF THE BROKERS September 16, 2010 ASHMORE Singer rates the fund manager a “buy” and has upgraded its target price to 360p. The broker says Ashmore has made the most of the financial crisis by buying cheap assets, and that its range of new products will boost the firm. It adds that the firm’s performance fees of £82.9m for the year [...]
Lloyds launches a thirty-year sterling bond September 15, 2010 LLOYDS Banking Group launched a rare 30-year senior sterling bond yesterday, capitalising on the upbeat tone of the credit markets and on demand from pension funds and insurers for long-dated sterling assets. The bond deal is the bank’s first ever sterling issue with a 30-year maturity, an official with the bank said. Initial guidance on [...]
Reinsurance firms face up to price pain September 13, 2010 REINSURERS are trying to stay confident about pricing prospects for 2011 in the face of a chorus of industry observers predicting price and earnings pain. At their annual Mediterranean meeting, the world’s biggest reinsurance players have once again vowed to maintain discipline in setting prices on the contracts for risk cover they provide to insurers, [...]
UK shares surge as global deal boosts banks and China data cheers investors September 13, 2010 THE UK’s top share index ended higher yesterday after banks rose sharply in response to a new deal over global banking rules while mining shares gained on the back of bullish China industrial data. The FTSE 100 closed up 63.89 points, or 1.2 per cent, at 5,565.53 points, a fresh four-month closing high. “It has [...]
WHAT THE OTHER PAPERS SAY THIS MORNING September 9, 2010 FINANCIAL TIMES TRICHET CALLS FOR TOUGHER EURO RULES Eurozone members that break the region’s rules on public finances should be excluded temporarily from Europe’s political decision-making, the president of the European Central Bank has proposed. The controversial suggestion by Jean-Claude Trichet would be part of a “quantum leap” in the governance of Europe’s 11-year old [...]
Redrow calls for state help on mortgages September 9, 2010 THE head of housebuilder Redrow called on the government to take action over the sickly first-time buyer market in a bid to revive overall sales, after reporting better-than-expected annual results. Steve Morgan, the founder of Redrow who returned in a boardroom coup last year, described state intervention as a “no-brainer” due to low mortgage availability [...]
PERSONAL FINANCE NEWS September 9, 2010 RETIREMENT ADVICE MOST SOUGHT Almost half of all consumers seeking independent financial advice last month sought assistance with retirement planning, the professional advice website unbiased.co.uk said this week. Retirement planning has remained on an upward trend since May this year. Consumers are also increasingly looking for specialist guidance on investment and savings. Karen Barrett, chief [...]
KPMG looks to hand over Connaught jobs September 8, 2010 HOUSING repair firm Connaught formally appointed KPMG as its administrator yesterday, as rival property companies looked to take over the collapsed firm’s contracts. KPMG will keep the firm’s property maintenance arm trading until it has farmed out its contracts to other providers. Around 4,400 people face redundancy. Richard Heis, joint administrator, said the group had [...]
City targeted as EU grabs powers September 2, 2010 EUROPEAN diplomats agreed last night to set EU-wide financial watchdogs by the start of next year, formalising a historic power grab by Brussels institutions over key swathes of the UK and London economies. The trio of new regulators, to monitor banks, insurance companies and trading on markets, will be complemented by a group attached to [...]