After the Nvidelity comes the Huangover. Jensen Huang joins long list who confused boardroom and bedroom
New Homes: What’s going on sale this week in London August 10, 2018 Landmark Pinnacle, Canary Wharf From £542,750 You’ll be breaking records by buying an apartment in this 75 storey skyscraper, which claims to be the tallest residential tower in London. It also has the highest residential gym, roof terrace and a landscaped garden square halfway up. These are the last homes to go on sale, [...]
Blockchain startups have raked in $1.8bn in venture capital funding in the last six months | City A.M. August 8, 2018 Blockchain startups raised a record-breaking $1.8bn (£1.4bn) across more than 300 deals with venture capital (VC) investors in the last six months, as the industry doubles down on the technology behind cryptocurrency. Data compiled by London-based blockchain specialist VC firm Outlier Ventures revealed investments into dedicated blockchain startups soared in the first half of 2018 [...]
London fintech serves up UK-wide partnership with sushi chain Itsu August 7, 2018 London-based fintech firm Flux will roll out a UK-wide deal with sushi chain Itsu that could see users receive nutritional information sent straight to their phones. Starting today, users who have opted in with Flux's banking partners will receive an itemised digital receipt inside their banking app when they pay with their card at any [...]
London fintech serves up UK-wide partnership with sushi chain Itsu | City A.M. August 7, 2018 London-based fintech firm Flux will roll out a UK-wide deal with sushi chain Itsu that could see users receive nutritional information sent straight to their phones. Starting today, users who have opted in with Flux’s banking partners will receive an itemised digital receipt inside their banking app when they pay with their card at any [...]
Femtech firm Elvie backed by Nex Group’s Michael Spencer bags partnership to roll out flagship product to NHS | City A.M. August 7, 2018 A London-based femtech company that received early backing from Nex founder Michael Spencer will today announce that its flagship product will soon be free to women through the NHS. NHS Supply Chain will make the Elvie Trainer, which is an insertable pelvic floor muscle trainer that provides bio-feedback on Kegel exercises through a smartphone app, [...]
UK Plc profits jump as banks and oil and gas prosper August 6, 2018 Profits at listed British companies surged in the last 12 months as the UK’s biggest firms boosted revenues, according to data published today. UK firms listed on the main market of the London Stock Exchange earned £210.8bn in the 12 months to the end of June, the analysis by the Share Centre shows – an [...]
3 reasons why the world economy is slowing August 6, 2018 Losing momentum Although near-term activity indicators remain stable, growth has been less synchronised in 2018 than it was in 2017 when major regions were all accelerating. Asia and Europe appear to be slowing, and Friday's jobs data in the US suggests that the world economy is entering a soft patch. We see three main factors [...]
UK Plc profits jump as banks and oil and gas prosper August 6, 2018 Profits at listed British companies surged in the last 12 months as the UK’s biggest firms boosted revenues, according to data published today. UK firms listed on the main market of the London Stock Exchange earned £210.8bn in the 12 months to the end of June, the analysis by the Share Centre shows – an [...]
Last Week in the City: Trade fears re-emerge August 3, 2018 Garry White, chief investment commentator, looks at the market-moving events that have shaped the UK equity markets this week (30 July to 3 August 2018). Interest rates were raised in the UK for the second time since the financial crisis, but the move was widely expected. The earnings season continued. Growth in all regions was [...]
LGIM reported to FCA over ‘compliance and risk failings’ by whistleblower July 31, 2018 Legal and General Investment Management (LGIM) has been reported to regulators by a whistleblower over allegations of multiple failures in its risk management processes. At least three employees have reported the fund management house to the Financial Conduct Authority (FCA), the Financial Times reported. One of the whistleblowers' complaints said the culture of LGIM had [...]