After the Nvidelity comes the Huangover. Jensen Huang joins long list who confused boardroom and bedroom
After the economy lost momentum in the fourth quarter of 2014, should the UK fear a slowdown? January 27, 2015 Nancy Curtin, chief investment officer of Close Brothers Asset Management, says Yes The figures for the fourth quarter point to UK growth losing pace, and we are likely to see this continue into the first half of 2015. Economic growth remains too imbalanced. While improved consumer spending is supporting a buoyant services sector, production and construction [...]
Peppa Pig brings home the bacon: Entertainment One share price rises after raising profit expectation January 27, 2015 The figures Full-year earnings are expected ahead of forecast for the Peppa Pig maker sending shares as much as 10 per cent higher in early trading. Entertainment One's TV business grew 36.8 per cent for the nine months to 31 December, offsetting a 13.5 per cent decline in its film business. Peppa Pig, the children’s [...]
CVC Capital Partners sells 12 per cent stake in Indonesian department store PT Matahari January 26, 2015 British private equity giant CVC Capital Partners has offloaded a 12 per cent stake in Indonesian retailer PT Matahari Department Store in two separate deals, it emerged yesterday. In the first deal, the London-headquartered CVC Capital Partners raised 3.67 trillion Indonesian rupiah (£195m) – known as IDR – through the sale of eight per cent [...]
Tesco share price dips as Blinkbox Books closes ending supermarket’s digital entertainment services January 26, 2015 Tesco is closing the last of its digital entertainment services, Blinkbox Books, after failing to find a buyer for the ebook platform. The news sent shares in the supermarket down just over three per cent in afternoon trading. The struggling supermarket said it would close the service by the end of February to focus on [...]
Tesco bolsters its corporate finance team January 26, 2015 Embattled Tesco is bolstering its corporate finance team, implying the retailer will take more moves to increase its cash position in the future. The supermarket is reported to have headhunters searching for someone to lead a small corporate finance department, which would look at investment opportunities, portfolio reviews and mergers and acquisitions. The new role [...]
Amazon takes one in every four pounds spent on physical music, film and games January 26, 2015 One in every four pounds spent in Britain on physical music, games and videos in the run-up to Christmas went to Amazon, figures out this morning show. For the 12 weeks to December 21, Amazon dominated the world of entertainment, with 39 per cent of all the sector's purchases being made with the etailer [...]
BHS sale spells break-up of Philip Green’s empire January 26, 2015 SIR PHILIP Green is looking to sell a chunk of the vast retail empire he has built up over the last 15 years after receiving several takeover approaches for the struggling department store group BHS. Green bought the chain – then known as British Home Stores – for £200m in 2000 from retail conglomerate Storehouse, [...]
Amazon steals entertainment spend from UK supermarkets January 26, 2015 ONLINE retail giant Amazon took a larger slice of the UK entertainment market over the Christmas period, largely at the expense of the major supermarkets, according to research published today. Kantar Worldpanel figures show that Amazon took one in every four pounds (25.6 per cent) spent on physical music, games and video in the 12 [...]
Mike Ashley weighs up bid for Evans Cycles January 26, 2015 SPORTS Direct founder Mike Ashley is looking to expand his retail empire after joining several suitors in considering a bid for Evans Cycles. Private equity group Active Capital hired Canaccord Genuity last year to find a buyer for the cycling specialist, which has 56 stores and employs around 1,200 people. Sports Direct is understood to [...]
UK growth lift as FTSE aims to test 7,000 level – London week ahead January 25, 2015 THE FIRST estimate of GDP growth in the fourth quarter of 2014 looks set to deliver good news this week, with growth of around 0.6 per cent on the previous quarter and 2.8 per cent year-on-year. Howard Archer, of IHS Global Insight, said: “Ongoing robust services expansion likely ensured that GDP growth held up pretty [...]