After the Nvidelity comes the Huangover. Jensen Huang joins long list who confused boardroom and bedroom
Workers strike as Deutsche Bank weighs up a sale of Postbank April 20, 2015 Deutsche Bank workers at its Postbank subsidiary voted to strike yesterday, as they demand employment protection amid a potential sale. A total of 94.8 per cent of the members of the Verdi union voted to strike indefinitely. To date, strikes have already closed 670 branches for as many as four days each. The union said [...]
Beware, Sid – Lloyds sale could be tricky April 19, 2015 A big retail offering of Lloyds shares is on the cards. Large-scale privatisation is back. David Cameron is promising a £4bn sale of Lloyds shares to retail customers, swapping one big government shareholder for thousands of individuals. An instant comparison is with the 1980s. Giant firms like BT, BP and British Gas were taken out [...]
General Election 2015: Labour’s Ed Balls refuses to rule out corporation tax rise April 19, 2015 Ed Balls has refused to rule out a rise in corporation tax if Labour wins the general election in three weeks’ time. The Labour shadow chancellor refused to rule out a further increase in corporation tax to the one per cent already pledged by the party when questioned on Sky News’ Murnaghan show. The current [...]
Conservatives pledge £4bn Lloyds Bank share sell-off April 19, 2015 The Conservatives are attempting to woo voters with up to £4bn worth of shares in government-backed bank Lloyds', if they win the election in May. The shares would be sold below-market prices, with buyers who hold onto them for more than a year receiving a loyalty bonus, including one additional free share for every 10 share they still hold. [...]
Top Nazi Joseph Goebbels’s estate sues Random House over quotes taken from his diary April 18, 2015 The estate of one of Hitler’s most trusted Nazi’s is suing publisher Random House for Royalties. Random House published a biography of Joseph Goebbels, Adolf Hitler’s propaganda chief, which included extensive quotes from the Nazi’s diary, the copyright to which doesn’t expire until the end of this year. Although the publisher initially agreed to pay [...]
WH Smith posts profit boost despite a slide in sales on the high street April 16, 2015 Stationery chain WH Smith reported a four per cent rise in half-year profits even as sales fell on the high street, after winning new contracts to open travel outlets overseas. The retailer, which has 740 travel outlets and 621 high street stores, reported pre-tax profits of £72m in the six months to the end of [...]
Debenhams share price rises on surprise profit rise ahead of forecasts April 16, 2015 The figures Pre-tax profits at Debenhams were up 4.3 per cent to £88.9m during its first half, ahead of analysts expectation of profits remaining flat on last year's £85.2m. Group statutory revenue was up 1.6 per cent to £1.3bn. Group like-for-like sales were up 1.3 per cent for the 26 weeks to 28 February. The retailer also [...]
Mothercare share price shoots up with turnaround on track despite currency headwinds April 16, 2015 The figures Mothercare improved sales at home and abroad in the fourth quarter, but currency headwinds are still blowing. In the UK sales inched up 1.5 per cent on the same period last year, a turnaround from consecutive declines in previous quarters and like-for-like sales were up 5.1 per cent after a 4.5 per cent [...]
Burberry offsets Hong Kong woe with US growth April 15, 2015 BURBERRY yesterday posted a jump in underlying sales in the second half thanks to double-digit growth in Europe and the US, helping to offset a further slowdown in Hong Kong. The wealthy Asian financial centre is a profitable, high margin market for Burberry and accounts for around 10 per cent of sales, with tourists making [...]
Dixons Carphone to sell German phone retail business to Drillisch April 15, 2015 DIXONS Carphone shares climbed two per cent yesterday after the high street giant announced it will sell its German retail phone chain to telecoms firm Drillisch. The Phone House operates 30 shops under its own brand and another 50 stores for Deutsche Telekom and generates annual sales of about €350m. Dixons Carphone did not disclose [...]