After the Nvidelity comes the Huangover. Jensen Huang joins long list who confused boardroom and bedroom
Mike Ashley adds MegaValue.com high street store to Sports Direct business June 1, 2015 Mike Ashley rarely sits still. With his ownership of the beleaguered Newcastle United dominating the headlines, the Sports Direct owner has quietly added a new high street business to his interests. Read more: Rangers and Sports Direct boss Mike Ashley has too much power, says IoD The subtly-titled MegaValue.com is a new discount store that recently appeared [...]
Asos share price opens lower after “Black Friday” style outage as customers clamour for discount June 1, 2015 Shares in online retail giant opened 1.5 per cent lower at 3,630p after a day-long outage prevented thousands of customers from taking advantage of a 20 per cent discount. Banners on the website advertised a 20 per cent discount on "Every. Single. Thing", causing customers to flock to the site. But it failed to stand [...]
Lloyds shares to be sold to retail investors within 12 months, says Treasury June 1, 2015 The government has sold off more of its shares in Lloyds and is planning to sell to retail investors within the next year in "Tell Sid" style sell-off. Another one per cent has been sold off by the Treasury, reducing its stake in the bank to 19 per cent. "The trading plan has been a [...]
CBI reports high growth across multiple sectors May 31, 2015 ECONOMIC growth in the UK has reached its highest rate in a year, according to a new survey from the Confederation of British Industry. The CBI’s latest growth indicator shows that growth sped up in all three main sectors (manufacturing, retail and business/professional services) for the three months to May. Business/professional services outperformed manufacturing and [...]
Entertainment One rejects claim it will move listing to New York May 31, 2015 ENTERTAINMENT One, the media company that makes the popular children’s programme Peppa Pig, has denied rumours that it is looking to move its stock market listing across the Atlantic to New York. The company spoke up yesterday, after reports emerged that it was considering shifting the stock exchange on which it is listed from the [...]
Bumper month for US car sales may lift stocks – The week ahead on Wall St May 31, 2015 SHARES of US automakers may finally be able to accelerate. Investors are closely awaiting this week’s May sales data, expected to come in near record levels. Meeting those forecasts could be enough to lift the sector – among the cheapest in the market – putting the sting of product recalls and tepid recent growth in [...]
UK economy grows at fastest rate in a year says CBI May 31, 2015 Dismayed by the weak GDP growth announced earlier this week? Don't be, says the Confederation of British Industry (CBI). In contrast to the tiny 0.3 per cent first quarter growth revealed in official figures last month, the CBI has argued that Britain's private sector recorded its strongest economic growth for a year in the three [...]
US GDP beats expectations – but still falls by 0.7 per cent May 29, 2015 US GDP fell by 0.7 per cent in the first three months of the year, official statistics published today showed – better than the 0.9 per cent drop expected by analysts, but nevertheless a disappointing performance. The figure is a sharp fall from the 0.2 per cent growth originally estimated for the first quarter, although [...]
Abercrombie & Fitch says sales improving with Hollister’s help May 28, 2015 Clothing retailer Abercrombie & Fitch said yesterday that its business is recovering, buoyed by the strong performance of its Hollister brand. Abercrombie shares rose nearly 12 per cent yesterday after the company reported that same-store sales fell eight per cent in the first quarter, less than the 8.7 per cent analysts had on average expected. Comparable [...]
B&M eyes more stores as sales jump by a third May 28, 2015 Bargain retail chain B&M has hiked its store expansion targets after reporting a near 30 per cent jump in revenue in its first year as a public company. The company, which sells everything from toys to electrical goods and furniture, yesterday said sales jumped 29.5 per cent to £1.6bn in the year to 28 March, [...]