After the Nvidelity comes the Huangover. Jensen Huang joins long list who confused boardroom and bedroom
Investing in infrastructure: As confidence in property crumbles, government-backed projects may offer stable, long-term returns July 14, 2016 The gold price is up, bond yields are down, and investors are asking themselves which asset classes can shield their wealth until the impact of Brexit becomes clearer. But amid the political and economic uncertainty, two facts are unlikely to change. First, the UK population is growing, and may reach 70m people by 2027 if [...]
How to get your children on the property ladder: Five of the best options for the Bank of Mum and Dad July 14, 2016 Buying a first home used to signal the start of a new era of independence, a turning point into adulthood. But the astronomical rise in London prices has put paid to that. Home ownership is at its lowest level for 25 years. Not only are people buying their first home later – the average age has [...]
Insurers turn their back on M&A and look for alternative ways to grow July 13, 2016 The number of completed mergers and acquisitions in the insurance sector has slumped in recent months, a report out today has found. The research by law firm Clyde & Co found that there were just 173 deals worldwide between October 2015 and March 2016, compared with 250 in the six months before that. The law firm has noticed [...]
Airbnb your house: Here’s how much Londoners could be making from the sharing economy July 13, 2016 The sharing economy is growing faster in Britain than anywhere else in Europe. As it has become more expensive to own cars, homes and even electrical equipment, more of us are seeing the advantages of monetising our idle assets. PwC estimates that transactions on platforms in the five biggest sharing economy sectors almost doubled in [...]
Jaguar Land Rover will put driverless cars on Britain’s roads this year July 13, 2016 Jaguar Land Rover is the latest car maker to reveal its plans for driverless cars – and it aims to put them on Britain's roads incredibly soon. The car maker will begin introducing a fleet of driverless cars this year and by 2020, more than 100 of the vehicles will have hit Britain's roads on test routes [...]
This is how insurers can become part of the sharing economy July 13, 2016 If the general public was asked ‘what does the insurance industry do’, it’s unlikely the answer would be; ‘it supports entrepreneurial innovation and endeavour ’. But that’s precisely what insurers do and the exponential growth of the sharing economy has provided an interesting challenge for insurers in this role. Sharing enablers such as AirBnB, RideLink and Vrumi are [...]
City watchdog fines Towergate and former director more than £2m between them July 13, 2016 The City watchdog has today fined Towergate Underwriting Group and one of its former directors more than £2m between them. The Financial Conduct Authority (FCA) levied a fine of £2,632,000 on Towergate for failing to properly protect client and insurer money, after the underwriter racked up a £12.6m shortfall in its client and insurer money bank accounts. The watchdog [...]
London-based broker strikes up US strategic alliance July 13, 2016 UK-based broker N+1 Singer has today announced a new partnership with US wealth manager Janney Montgomery Scott. The agreement with Janney, which has more than $66bn (£51bn) of client assets, will enable N+1 to run US roadshows for corporate clients. Read more: Some of the UK's biggest brokers are straining under post-Brexit demand “Janney has a venerable [...]
Payday lender Wonga to name new chief executive July 12, 2016 Payday lender Wonga is set to name a new group chief executive this week. Tara Kneafsey, currently head of Wonga’s UK consumer loans business, will take control of the wider business, a statement is expected to say today. Kneafsey joined the short-term lender in 2014 from RSA Insurance where she was a colleague of Wonga’s [...]
At the close: Sterling surge holds down the FTSE 100 July 12, 2016 The FTSE 100 closed flat this evening after ending yesterday's session at an 11-month high. The blue-chip index closed at 6,680.69 points, down just two points and flat in percentage terms. The end to yesterday's rally was put down to sterling being on course for its best performance against the yen in over three years after Theresa May [...]