After the Nvidelity comes the Huangover. Jensen Huang joins long list who confused boardroom and bedroom
Cyclists are swapping their helmets for Hovding airbags – would you do the same? October 29, 2018 Imagine a London where no one wears a cycle helmet – and not because vanity has hit the roof, or because the roads have been made so safe that helmets are redundant (though that would also be nice). It’s because of a new invention: an airbag for cyclists. Created in Sweden in 2005 by Anna [...]
Singaporean developer snaps up City tower in £385m deal October 26, 2018 Singaporean-listed City Developments Limited (CDL) has acquired a 26-storey tower overlooking the Bank of England for £385m from Blackstone Group. The deal, announced today, represents one of the largest single asset sales in the City of London this year. The property at 125 Old Broad Street occupies a site of 0.7 acres directly overlooking the [...]
Deutsche Bank profits beat expectations but investment banking slides October 24, 2018 Deutsche Bank posted a faltering set of numbers this morning, experiencing falls in its corporate and investment bank as well as a drop in profit that still beat expectations. The figures Pre-tax profit plunged 46 per cent to €506m (£447m) year-on-year for the bank’s third quarter, it revealed today. However, these still surpassed analyst expectations [...]
Online trader Plus500 boosts expectations despite revenue hit and regulatory crackdown October 23, 2018 Online trader Plus500 has increased its traders and expectations for the year despite a regulatory clampdown and low market volatility affecting revenue. The trading platform reported that revenue in the three months to 30 September dropped 14 per cent on the previous year to $100m due to new European Securities and Markets Authority (ESMA) regulation [...]
Europe ramps up property investment in central London October 22, 2018 London's appeal as a major hub for overseas investors was underlined by fresh figures today, which showed that the proportion of foreign money being injected into the capital’s commercial property market has hit an all-time high. A resurgence in demand from European buyers has helped drive central London’s booming office space market in the last [...]
Unilever hikes dividend by eight per cent with €6bn share buyback programme kicking off in May October 22, 2018 Unilever said this morning it will be hiking its dividend by eight per cent with a share buyback of up to €6bn starting next month, as it looks to keep investors on side. The consumer goods giant, which owns brands from Dove to Marmite, reported underlying sales growth – excluding its spreads business – of [...]
Interiors: We learn about Ikea’s new retail strategy behind the scenes of its first store on the UK high street October 19, 2018 What, no meatballs? The opening of Ikea’s first foray into the UK high street, which has just opened on Tottenham Court Road, is a new concept for the uber retailer. The Swedish brand’s familiar blue and yellow sign now reigns over the former Multiyork site just along from Goodge Street station. It’s Ikea, but not [...]
London’s iconic Burlington Arcade sold to billionaire Reuben brothers for £300m | City A.M. October 18, 2018 Billionaire brothers Simon and David Reuben have bought the iconic Burlington Arcade for £300m from New York property group Thor Equities and European private equity firm Meyer Bergman. The Mayfair arcade was bought by Thor Equities and Meyer Bergman for £104m back in 2010. Commenting on the sale, Joseph Sitt, CEO of Thor Equities, said: [...]
Ex-Barclays wealth management boss says all banks will use artificial intelligence in next five years October 18, 2018 All banks will use artificial intelligence (AI) in the next five years, according to former Barclays wealth management boss Akshaya Bhargava, as institutions prepare for the $30 trillion (£28 trillion) "great wealth transfer" from baby boomers to millennials. Bhargava, who set up AI fintech platform Bridgeweave after leaving the British bank two years ago, said financial [...]
London is the world’s hub for global investment, City of London Corporation says October 17, 2018 The capital is the world's hub for international investment and trade beating Paris, Frankfurt and New York, according to a new report by the Square Mile's governing body. Overseas investors pumped £8.6bn into the UK between 2013 and last year creating an estimated 16,126 jobs, and London came out on top as the leading global financial [...]