After the Nvidelity comes the Huangover. Jensen Huang joins long list who confused boardroom and bedroom
EU faces surge in bankruptcies as states start to withdraw pandemic support February 11, 2021 A leaked document from the European Union has revealed that a spike in bankruptcies and bad loans awaits the European Commission during the bloc’s post-pandemic economic recovery, as states begin to withdraw public support schemes. The note, seen by Reuters, said that it has taken nearly €2.3 trillion in national liquidity support to prevent a [...]
Rusty Rabbit is Europe’s first black female owned Champagne February 10, 2021 Lapin Rouillé Champagne, which means “Rusty Rabbit” – has become the first and only female black-owned Champagne brand in Europe. Sourced from a small single estate producer near Reims, Nichole Johnson’s Rusty Rabbit is made from 100 per cent Pinot Meunier grapes. Johnson’s Rusty Rabbit Drinks portfolio includes Brentingby True Craft Gin, Revel Spirits, California’s [...]
BBC makes editorial director Kamal Ahmed redundant in board overhaul February 10, 2021 The BBC has made editorial director Kamal Ahmed redundant in a major overhaul of its leadership that has also left the corporation in breach of its own diversity rules. Fran Unsworth, director of BBC News, today said the number of board members will be cut from 11 to eight as part of plans to “modernise” [...]
Tickr: We don’t want to be a socks and sandals, preachy investment platform February 10, 2021 Everyone has something to say about ESG or “impact” investing these days. It has become the go-to buzzword for corporate firms and investment platforms. But unlike platforms that have added socially responsible features, London-based Tickr launched with a sole purpose of “impact investing”. Founded in 2018, Tickr aims to demystify sustainable investing and only offers [...]
FTSE 100 bounds ahead despite housebuilders taking a tax hit while US stocks soar February 10, 2021 FTSE 100 bounds ahead despite housebuilders taking a tax hit
UK financial services sector maintains stable tax contribution amid Brexit and COVID-19 uncertainty February 10, 2021 A new report published by the City of London Corporation today (10 February), shows that the UK’s financial services sector contributed a record £75.6bn in tax in the year to March 2020 – a period covering significant uncertainty about the UK’s relationship with the European Union. This contribution remained stable compared to the previous year’s [...]
City Moves for 9 February: Who is switching jobs in the Square Mile this week? February 10, 2021 City Moves provides a roundup of the most important hires and job moves across the City, every Wednesday afternoon. Email citymoves@cityam.com to be featured. This week hosts movements over at Big Four auditor Deloitte, JP Morgan, HMRC and PE firm Dean Street. Meanwhile, green London housing looks to be a focus for 2021 with Public Sector Plc’s new [...]
U.S law firm Armstrong Teasdale buys Kerman & Co in London expansion February 10, 2021 U.S law firm Armstrong Teasdale has bought City law firm Kerman & Co, adding 50 lawyers to the American firm. Kerman & Co, which is based in The Strand, specialises in corporate law, mergers and acquisitions, capital markets, commercial and intellectual property, litigation, employment and immigration, sports and entertainment and real estate. “We have [...]
All-time high bonanza for cryptocurrency February 10, 2021 Crypto at a Glance The markets continue to bathe in the glow of Tesla’s warm embrace, with Bitcoin hitting yet another (yawn) new all-time yesterday of over $48,000. It’s still not quite $50,000, but it will do for now. It’s green across the board today, with new all-time highs for Aave and Polkadot yesterday. Cardano [...]
Burnley and Asda are unlikely warnings of debt-driven troubles February 10, 2021 It has been a week of mixed messages. Not just on the release from lockdown, but on the economy. The Bank of England indicated that banks have been given six months to prepare for negative interest rates. The Monetary Policy Committee was quick to clarify that this did not mean that they would necessarily cut [...]