After the Nvidelity comes the Huangover. Jensen Huang joins long list who confused boardroom and bedroom
Housing Zones: How we’re using creative partnerships to build homes for London March 16, 2015 This week, thousands will gather in Westminster for the Homes for Britain rally. They are calling for the housing crisis to be solved in a generation by building more homes, with the challenge symbolised by a giant key being passed between campaigners from Land’s End to London. This week the key reached Lewisham, at a [...]
Tesco share price spikes as Dunnhumby sale speculation mounts March 16, 2015 Tesco shares spiked four per cent in afternoon trading amid mounting speculation of a potential sale of its lucrative data business Dunnhumby. A deal, which could be worth as much as £2bn to the supermarket according to analysts, is moving ahead, with WPP and a host of private equity firms vying for the data company [...]
Willis Tower: Blackstone makes iconic Chicago skyscraper most expensive US office building outside of New York March 16, 2015 Private equity group Blackstone will buy Chicago’s iconic Willis Tower for $1.3bn, the most ever paid for a US office building outside New York. The tower, which at 1,450ft is the 12th-tallest building in the world, is a lucrative tourist attraction thanks to its Skydeck observation floor. Blackstone, normally known for buying distressed [...]
Vaping bars, e-commerce hubs and charity shops on the rise in the Great British high street as pawnbrokers, video libraries and clothing shops decline March 16, 2015 Our online shopping habits – and the rise of e-smoking – are changing the face of the Great British high street. In the last year, huge numbers of mobile phone shops, pawnbroker and cheque cashing businesses, clothes stores, travel agents and recruitment agencies have closed down up and down the country. In their place vaping [...]
Alliance Trust bosses unnerved after activist hedge fund Elliott Advisors calls for a board shake-up March 16, 2015 A bitter row is erupting between FTSE 100 investment group Alliance Trust and its biggest shareholder, the activist hedge fund Elliott Advisors. Elliott is today pushing to add three new non-executives to the board of Alliance, in a move that will pile the pressure on the firm’s chief executive Katherine Garrett-Cox. “They’re not calling for [...]
Gear4Music.com IPO: Online retailer considering float after record year of sales March 16, 2015 Gear4Music.com announced record sales of £24.2m in the year to 28 February, as the company gears up for its next stage of growth. The online musical instruments retailer is considering an initial public offering later this year and has appointed Panmure Gordon to investigate its strategic options. Gear4music’s revenue has more than doubled over the [...]
Carney rate rise comments sends sterling stumbling March 12, 2015 BANK of England governor Mark Carney yesterday said that low inflation outside of the UK, as well as a strong sterling, could cause the central bank to push back a rate hike. Sterling dropped on the comments – it fell by 0.5 per cent against the dollar yesterday to a low of $1.4850. It marks [...]
Bonus at John Lewis drops on Waitrose sales March 12, 2015 JOHN Lewis Partnership slashed staff bonuses to 11 per cent of pay, the lowest level for 12 years, after profits fell at its grocery chain Waitrose. The partnership’s 93,800 employees will receive a total pay out of £156.2m, which is equivalent to nearly six weeks’ salary. The supermarket price war, a deflationary market and a significantly [...]
Economists split on US June rate hike after retail sales disappoint March 12, 2015 US retail sales have dropped for a third consecutive month, new figures show. Retail sales declined by 0.6 per cent on the month in February, with economists split on the impact it will have on interest rates. “A 0.6 per cent deterioration in sales in February was possibly due to severe weather affecting many parts [...]
Lloyds to bank £1.5bn if TSB sale to Banco Sabadell goes ahead March 12, 2015 Lloyds is set to receive a final total of £1.5bn for TSB if the Banco Sabadell sale goes ahead – twice the £750m for which it had previously agreed to sell the lender to the Co-op Bank. The giant bank was forced to sell off TSB under the terms of its 2008 bailout. The [...]