After the Nvidelity comes the Huangover. Jensen Huang joins long list who confused boardroom and bedroom
London and the West Midlands can be an unstoppable force together September 11, 2018 Over a year since taking on the role of West Midlands mayor, we have achieved a lot. The wider region has experienced the largest increase in jobs in the UK, Coventry will be the country’s City of Culture in 2021, and Birmingham has secured the Commonwealth Games in 2022 – to name a few successes. [...]
Mobius to raise £200m for emerging markets investment trust September 10, 2018 Veteran emerging markets investor Mark Mobius is raising £200m for a new focused trust, four months after the launch of his asset management firm. Mobius, who retired from Franklin Templeton in May before establishing Mobius Capital Partners, is looking to raise the money for Mobius Investment Trust through an Initial Public Offering (IPO) in October. Read more: Lira and rand hold steady [...]
Retail footfall figures dropped in August due to heatwave and inflation September 10, 2018 The summer heatwave and food price inflation halted three months of retail footfall growth on the high street in August. Overall retail footfall dropped by 1.6 per cent on the previous year, with the sharper decline due to rising food inflation, which left shoppers with less money for non-essential items, the British Retail Consortium (BRC) revealed [...]
New homes: Our pick of the new homes going on sale in the London this weekend September 7, 2018 New developments on the market this week Clarendon, Hornsey From £355,000 The first homes at a major regeneration site in north London are on sale. The 12 acre brownfield site will boast 1,700 new homes and over 100,000sqft of retail and offices as well as a new public park. Hornsey Park Place is the first [...]
Asset management group Ashmore to open Ireland office ahead of Brexit September 7, 2018 Asset management firm Ashmore is establishing an Irish subsidiary as part of its Brexit contingency planning. The emerging markets investment manager, which is headquartered in London, will open the office in order to continue serving clients after Britain leaves the European Union. Read more: John Laing Group share price jumps amid profit surge The new [...]
Luxury retailer Anine Bing closes $15m series A led by Felix Capital, Index Ventures and Greycroft Partners September 6, 2018 Luxury womenswear brand Anine Bing has closed a $15m series A financing round led by London-based venture capital firms Felix Capital and Index Ventures and LA's Greycroft Partners. The retailer plans to use the funding to double its business between 2019 and 2020, and has aggressively accelerated sales and traffic. Read more: Challenger banking app Monese lands $60m funding round Over the last [...]
Save high street with business rates freeze says lobby group September 6, 2018 A freeze on business rates should be the central plank of government efforts to help the struggling British high street, a small business lobby group will say today. The Federation of Small Businesses (FSB) will today call for no increase in rates in April 2019, the deadline for the next inflation-linked increase in business rates, [...]
Royal Bank of Scotland closes 54 branches with 258 jobs lost September 5, 2018 Royal Bank of Scotland (RBS) will cut its English and Welsh branch network in half in January with the loss of more than 250 jobs, in the latest move by a major high street lender to cut back their sprawling networks. RBS is closing 54 branches, leaving another 54, including six in London and the [...]
Green is the new gold…and emerging markets are flashing red September 5, 2018 Forget Gold. The greenback is the new safe haven of choice for investors seeking refuge. They are flocking to the US dollar en masse every time geo-political and trade tensions push them to make a defensive move while bullion lags behind. But this is bad news for emerging markets and here is why…. As the [...]
Insurer D&G weighs up return to London Stock Exchange September 4, 2018 Household insurance provider Domestic & General (D&G) is considering a return to London’s stock market after an 11-year absence in a potential listing that would value the company at £1.5bn. CVC Capital Parters, the private equity fund that owns D&G, has appointed Rothschild to advice the firm over plans for an initial public offering (IPO), [...]