After the Nvidelity comes the Huangover. Jensen Huang joins long list who confused boardroom and bedroom
Mario Draghi calling: Why the ECB’s QE may struggle to reach €1 trillion March 3, 2015 The European Central Bank’s (ECB) version of quantitative easing (QE), which was announced to much fanfare in January, involves the purchase of bonds from both institutions and individuals. ECB president Mario Draghi hopes that the proceeds of these sales will be used to buy other assets or to lend, thereby oiling the wheels of the [...]
Paddy Power share price jumps on €392m payout to shareholders after record profit March 3, 2015 The figures Paddy Power is paying out – this time to shareholders – to the tune of €392m (£285m) after record pre-tax profit of €167m in 2014, up from €126.6m and a rise of 21 per cent. The cash of 800 cents per share will come from surplus cash and planned debt raising. The windfall sent shares surging nine per [...]
Weak sales at Thorntons leave investors with a bitter aftertaste March 2, 2015 SHARES in Thorntons fell 5.5 per cent yesterday after the chocolate-maker warned that a reduction in orders over Christmas by two major buyers and problems at its UK warehouse had dented profits. The retailer, which already issued a profit warning in December, said commercial sales made through third party retailers fell by 12.4 per cent [...]
Marks & Spencer to enter Beijing as it shuts five Shanghai stores March 2, 2015 Marks & Spencer is poised to open stores in Beijing and Guangzhou – but will reduce its presence in greater Shanghai. Currently M&S has around 15 stores in China, but this will be the first time it has entered the country’s capital city. The high street giant said it had “firm intent” to enter those [...]
Thorntons share price slides as sales melted by supermarket woes March 2, 2015 The figures The latest figures from chocolate maker Thorntons were hard to digest for investors, sending shares down more than seven per cent in early trading. Like-for-like sales in the first half of the year to 10 January were £128m – a fall of eight per cent. Pre-tax profit fell 11 per cent to £6.5m, largely as a result woes [...]
Buffett reveals new Berkshire has been chosen March 1, 2015 WARREN Buffett has ruled out spinning off Berkshire Hathaway into separate businesses, in his annual letter to investors. Buffett also revealed a successor has been chosen to fill his shoes and addressed the firm’s stake in Tesco which he previously called a “huge mistake”. This year celebrating the firm’s golden anniversary, Buffett’s highly anticipated 14-page [...]
Ex-Zeus and Threadneedle bosses re-emerge with advisory outfit March 1, 2015 TWO LEADING advisory figures from the small cap business world have joined forces to launch a new venture offering public affairs advice to junior market-listed firms. Tim Metcalfe, former co-chief executive of Zeus Capital, and Threadneedle Communications founder Graham Herring have put up cash to found City-based Investor Focus Communications (IFC), which will offer advice [...]
Warren Buffett annual letter for golden anniversary: Spin offs, successor CEOs and selling Berkshire Hathaway’s Tesco stake March 1, 2015 Warren Buffett has ruled out spinning off Berkshire Hathaway into separate businesses, revealed a successor has been chosen to fill his shoes and addressed the firm’s stake in Tesco which he previously called a “huge mistake”, in his annual letter to investors. This year celebrating the firm’s golden anniversary, Buffett's highly anticipated 14-page letter reminisced [...]
After the record high FTSE falls on Weir warning – London Report February 25, 2015 THE FTSE 100 yesterday retreated from the previous session’s record high, with engineer Weir Group leading the market lower after warning about a significant drop in its revenue in the current year. The blue chip index closed down 14.25 points, or 0.2 per cent at 6,935.38 points after setting a new record high of 6,958.89 [...]
AO World share price crashes 47 per cent after profit warning February 25, 2015 Shares in AO World, which debuted around a year ago, plummeted this morning after it issued a profit warning, saying it had come up against "tougher than expected trading conditions in the final quarter of the year." The etailer saw its shares shed as much as 47 per cent this morning, wiping around £500m off [...]