After the Nvidelity comes the Huangover. Jensen Huang joins long list who confused boardroom and bedroom
Easyjet set to raise up to €1.2bn from bond sale February 24, 2021 Easyjet is set to raise €1 – €1.2bn from a seven-year bond sale taking place today, according to a memo seen by Reuters. The issue comes within days of the UK laying out its roadmap for the return of international travel, which prompted a huge jump in ticket bookings for the carrier. According to the [...]
Let’s celebrate the number of women on FTSE boards, but smaller companies will face regulatory hurdles if they don’t step up February 24, 2021 It is worth taking a moment to celebrate that the number of women on FTSE 350 boards has jumped by 50 per cent over the last five years, according to the Hampton-Alexander review published yesterday. But we must not take our foot off the pedal, the work is far from done. Another recent report from [...]
The highs and lows of Antonio Horta-Osorio’s decade at Lloyds February 24, 2021 The return to dividend payouts announced today is a strong legacy for the outgoing Lloyds boss, who oversaw the successful turnaround of a bank left reeling from the financial crisis. Antonio Horta-Osorio will step down at the end of April, with finance chief William Chalmers set to take over temporarily before HSBC banker Charlie Nunn [...]
Keir Starmer pushes Boris Johnson to rule out corporation tax rise February 24, 2021 Sir Keir Starmer has called for Boris Johnson to rule out a rise in corporation tax in next week’s Budget amid rumours Rishi Sunak could increase the rate to 25 per cent. Starmer said that “now is not the time for tax rises on families and businesses” at Prime Minister’s Questions (PMQs) today. The Times [...]
City Corporation approves third tower in a month as developers back Square Mile’s future February 24, 2021 The City of London Corporation has today (24 February) approved a new 38-storey development at 2 Finsbury Avenue, making it the third tall building to receive planning permission in the Square Mile in 2021. The newly approved office-led development, by British Land and GIC, aims to become an innovative, inclusive and sustainable place to work, [...]
Third City of London skyscraper development gets planning green light February 24, 2021 Another skyscraper development has been given the go-ahead in the City of London, making it the third tall building scheme to get the green light this year. The City Corporation today granted developers British Land and GIC planning permission to build the 38-storey office block at 2 Finsbury Avenue. This year, 33-storey and 55-storey skyscraper [...]
Tether settles with the NYAG and Square buys the dip, sparking rapid recovery for crypto markets February 24, 2021 A glance at the crypto world as we unpick the recent drama of the markets.
Investors fight back over bonuses at furlough firms February 24, 2021 Companies taking furlough cash should not pay bonuses to their directors, the City’s top investment managers have warned. The Investment Association (IA), which represents 250 fund managers overseeing £8.5 trillion of investments, has said remuneration committees should not compensate bosses for pay cuts by “catch up” awards or disproportionate salary increases. Investors have also warned [...]
Venture capitalism not politics was the brains behind Britain’s vaccine success February 24, 2021 The largely unsung hero – and perhaps the unlearnt lesson – of Britain’s vaccine success is venture capitalist turned government adviser Kate Bingham and how other venture capitalists like her can create the agile, entrepreneurial policies that ‘Global Britain’ needs. It was not politics as usual that allowed Britain to have the fastest vaccine rollout [...]
London should not overlook SPACs, former LSE boss says February 24, 2021 The former London Stock Exchange boss, Xavier Rolet, has declared London should consider blank-cheque vehicles following a surge of activity in the US. A number of big names, including Rolet himself, have jumped on the SPAC craze which is sweeping the US. SPACs – special acquisition companies- are created to raise capital through a public [...]