After the Nvidelity comes the Huangover. Jensen Huang joins long list who confused boardroom and bedroom
Investors call for ‘decisive action’ on markets reform after Hill review March 8, 2021 Investors and corporates are concerned about the pipeline of IPOs this year because of the UK’s “burdensome” requirements. Just 21 per cent of investors and five per cent of corporates surveyed by Peel Hunt and the Quoted Companies Alliance (QCA) believe the number of listed firms will increase this year. The UK’s “burdensome listing requirements” [...]
The Week Ahead: ITV, Rolls Royce, Morrison, ECB and UK GDP data March 8, 2021 It’s Monday morning. City A.M. looks ahead at what this week has in store. China Trade for February This morning – The Chinese economy finished 2020 on a strong note, its surplus hitting a record high in December. Exports rose by 18.1 per cent, slightly down from November’s 21.1 per cent but still better than expected, [...]
Pearson maintains dividend as it unveils plans to slash office space March 8, 2021 Education giant Pearson today said it will maintain its dividend for the full year as the firm unveiled plans to “significantly” reduce its office space. The publisher proposed a final dividend of 13.5p, bringing its full-year payout to 19.5p — in line with 2019. It came as Pearson announced plans to slim down its property [...]
Brexit fuels sharper fall in takeovers by UK investors in continental Europe than worldwide average March 8, 2021 The coronavirus pandemic and Brexit hampered deal activity between the UK and continental Europe in 2020, with the number of European businesses bought by UK acquirers falling by nearly a third. The number of takeovers by UK acquirers of continental European businesses fell 30% from 488 in 2019 to 342 in 2020, new research has [...]
Rishi Sunak to rally US to agree to G7 tax on tech giants March 7, 2021 Rishi Sunak will call on his US counterpart Janet Yellen to help coordinate an international tax on tech giants like Amazon at the upcoming G7 summit. Sunak has already said that one of his priorities at the G7 summit, which will be held in Cornwall this year, will be to get the ball rolling on [...]
Finance need an overhaul to price in climate change risk and push green agenda forward March 6, 2021 Why did the credit and wider financial system only take off in the last 400 years? Despite money and lending being around for millennia, financial services only truly got going alongside the Enlightenment. According to the writer Yuval Noah Harari, the fundamental shift was to be found in humanity’s belief about the future. In previous [...]
Review: How socialism became the failed idea that never dies March 6, 2021 German writer and economist Rainer Zettleman looks at a new book on the enduring – and illogical – appeal of socialism Why have socialist ideas once again developed such a strong appeal, even though every single socialist experiment over the past 100 years has failed? British economist Kristian Niemietz provides an answer in his book Socialism: The Failed Idea That Never Dies. He cites over two dozen socialist [...]
Businesses of all stripes have stepped up to the Covid-19 challenge March 6, 2021 The private sector has already played a crucial role in the fight against Covid-19. Not only have some of the world’s largest companies developed crucial vaccines and life-saving treatments, but the private sector more broadly has also played a more indirect – yet still highly important – role in supporting the public sector as it [...]
Ex-government minister Justine Greening joins On the Beach board March 5, 2021 Former government minister Justine Greening has joined the board of online travel agent On the Beach. Greening, who was the Conservative MP for Putney, Roehampton and Southfields between 2005 and 2019, has been appointed as a non-executive director with immediate effect. On the Beach said her experience in Westminster will help it navigate the “major” [...]
Bitcoin recovery stalls as global stock markets take a battering March 5, 2021 Bitcoin recovery stalls as global stocks and bonds markets take a battering.