After the Nvidelity comes the Huangover. Jensen Huang joins long list who confused boardroom and bedroom
Dr. Martens gearing up for stock market float January 11, 2021 Dr. Martens is readying itself for an IPO, and hoping to trade on the main market of the London Stock Exchange after more than 60 years in business. The iconic footwear brand has engaged Goldman Sachs and Morgan Stanley as join global co-ordinators, and Barclays, HSBC, Merrill Lynch and RBC Europe as joint bookrunners in [...]
Boeing to pay $2.5 billion to settle U.S. criminal probe into 737 MAX crashes January 8, 2021 Plane maker Boeing will pay over $2.5bn to resolve the US Justice Department's investigation into two deadly 737 Max crashes that killed 346 people, the Justice Department said
Top finance bosses expect home working and taxes to increase following Covid-19 January 8, 2021 Top chief financial officers expect flexible and home working to increase post-pandemic – with a five-fold increase in home working expected by 2025, according to a survey by Deloitte. More than three-quarters (78%) of top CFOs expected Covid-19 restrictions on movement and activity to continue through the first half of 2021, but more than half [...]
Will Europe’s smaller companies deliver big returns? January 7, 2021 European equities have been largely unloved by investors for some time, having lagged their global peers over the past decade: the MSCI Europe ex UK Index has grown by circa 6% pa whilst the MSCI World Index is up circa 11% pa. European smaller companies have fared markedly better than their large cap counterparts however, [...]
The case for investing in financials January 7, 2021 Entire tomes have been devoted to investing in the financial services sector – hardly surprising when you consider its size, and therefore its significance to the world’s capital markets. To say the financial sector is large doesn’t do it justice. Of the total market capitalisation of the S&P 500, the world’s largest stock market index, [...]
New concept designs for Smithfield East & West Market buildings and Rotunda unveiled January 7, 2021 The City of London Corporation has revealed the first images of new concept designs for turning these special buildings into a new food and cultural destination for all Londoners. The new images, which have been put together by architects Studio Egret West, show how the buildings could be used in the future – helping to [...]
National lockdown: stay at home – support available to City businesses January 7, 2021 The government has announced that England will face tighter restrictions to manage outbreaks of COVID-19 and suppress the virus. The Chancellor of the Exchequer Rishi Sunak has announced further financial support for businesses affected by these restrictions. This includes: One-off top-up grants to closed businesses, as follows: £4,000 for businesses with a rateable value of £15,000 or [...]
City Corporation responds to England moving to national lockdown: stay at home January 7, 2021 The government has announced that England will face tighter COVID restrictions to manage outbreaks of COVID-19 and suppress the virus. Full details on the announcement are available here: https://www.gov.uk/guidance/national-lockdown-stay-at-home Responding to the news, City of London Corporation Policy Chair Catherine McGuinness said: “The country is facing a very serious and difficult situation. These new measures will be a bitter [...]
City of London Corporation teams up with Amazon to cut delivery vehicles and improve air quality January 7, 2021 The City of London Corporation has approved its first Last Mile Logistics Hub to consolidate deliveries across central London, reduce traffic and cut harmful emissions. The Planning and Transportation Committee approved the initiative which will transform 39 car parking spaces within the underutilised London Wall Car Park into a hub for Amazon Logistics. The final leg of [...]
Sky chief executive Jeremy Darroch to step down January 6, 2021 Sky chief executive Jeremy Darroch is stepping down after 13 years at the helm of the media giant. Darroch, who is one of the UK’s longest-serving bosses, will retire as chief executive and take up the role of executive chairman. He will be replaced by Dana Strong, who is currently president of consumer services at [...]