After the Nvidelity comes the Huangover. Jensen Huang joins long list who confused boardroom and bedroom
Rental prices increased in June – but the market has been cooling off during the start of this year July 12, 2016 Rents kept increasing in the three months to June, but there are signs that the growth in the rental market slowed in the first half of 2016 as compared to last year. The average London renter now pays £1,575 per month, up 3.9 per cent on last year. Excluding Londoners, UK renters pay an average £773 [...]
The first item in Theresa May’s in-tray: A Brexit-induced recession July 11, 2016 Theresa May will be the next UK Prime Minister, and sterling and the FTSE 250 rose almost immediately. Markets think that May will be more pro-EU than Andrea Leadsom, the tribune of the europhobic Tory grass roots. But don’t imagine that domestic political uncertainty was the only reason for the recent falls in the currency [...]
Focus on retirement goals when saving for your pension, urge actuaries July 11, 2016 People need to shift their mindset on pensions away from what proportion of their paypacket they are saving to what kind of lifestyle they want in retirement, a report out today suggests. According to the research from The Institute and Faculty of Actuaries (IFoA), encouraging people to focus on what they want their pension pot [...]
Law firm Clyde & Co confirms faith in Europe by launching first German office July 11, 2016 Clyde & Co is taking its first steps onto German soil, announcing today that it will be launching an office in Dusseldorf. The Dusseldorf office, which will open in the autumn, is the firm's 15th in Europe and 46th worldwide. The new office will initially be populated by a five-strong team from European law firm Noerr, which Clyde [...]
Sugar tax will leave soft drinks jobs and Treasury income with crashing low July 11, 2016 It seems a spoonful of sugar will make jobs and Treasury income go down. More than 5,500 jobs could be under threat if the sugar tax has the same effect as it did in Mexico, according to research from the Taxpayers' Alliance. The TPA has called on the government to abandon the levy on soft [...]
Reassure EU migrants they can stay or watch these vital workers leave the UK July 11, 2016 The London Stock Exchange is run by a Frenchman. The Bank of England is governed by a Canadian. The mayor of London is the son of a Pakistani immigrant. London is, and always has been, an internationally focused, vibrant city, and this outward facing and welcoming nature must continue. It has now been two weeks [...]
As fears of a banking crisis on the continent grow, are mega-mergers the way to fix Europe’s ailing banks? July 11, 2016 Vicky Pryce, a CEBR board member and former joint head of the Government Economic Service, says Yes. Despite concerns about banks perceived to be “too big to fail”, there has been considerable consolidation across the industry already. In Europe, Spanish banks have been reduced from some 50 in 2008 to just 14 by last year. Greek [...]
Austin Reed’s creditors set to shed large sums after high street retailer’s collapse July 10, 2016 Austin Reed's creditors face big losses due to the collapse of the high street store, accounts from the administrators have revealed. Documents filed in Companies House by the administrators for Austin Reed, Alix Partners, show the company's unsecured creditors will be given £600,000 between them after the collapse of the chain. Read more: Austin Reed employees found out [...]
Driverless car buyers may need new insurance covering cyber-attacks, and even ransom, a new report has warned July 10, 2016 Driverless car users may need to find cover against a raft of new dangers, including ransom payments demanded by hackers. A new paper from motor insurer Axa has warned that the rise of autonomous vehicles could lead to cars being hacked to conduct criminal activity, or even to be used a weapon. Alternatively, drivers could [...]
Comparethemarket owner prepares for listing that could value the company at over £2bn July 10, 2016 The owner of comparison site Comparethemarket is exploring a listing that could value to company at more than £2bn. An exact date for the listing has not been confirmed, but it is thought to be taking place in the first quarter of 2017. Read more: Cost of average car insurance soars to record high BGL group, the online financial [...]