After the Nvidelity comes the Huangover. Jensen Huang joins long list who confused boardroom and bedroom
Pressure mounting on Andrea Leadsom to publish tax return after reports company with family links used potential tax avoidance measures July 5, 2016 Conservative leadership contender Andrea Leadsom has come under further pressure to publish her tax returns after reports that a company with family links used a potential tax avoidance mechanism. Gloucester Research Limited, owned by Leadsom's brother-in-law and run by her husband, had used an employee benefit trust (EBT) for four years, The Times first reported. Although they [...]
There’s no reason London can’t stay the number one global financial centre outside the EU July 4, 2016 The chancellor’s press conference last week reassured the markets in a volatile period. He said that the UK economy faces these fresh economic challenges from a “position of strength.” This is a point I have reiterated many times over the past few days, when visiting the economic hubs of Dallas and Chicago. The most frequently [...]
Credit Suisse boss Tidjane Thiam blames Brexit vote on poor British education and calls for higher taxes to fund UK schools July 3, 2016 Credit Suisse boss Tidjane Thiam has blamed the UK's decision to leave the EU on a lack of investment in British education. Speaking at a business conference in southern France on Sunday, Thiam recalled a visit to a school in Tower Hamlets where he found out that around half of the children only ate once a day. [...]
Green Investment Bank bidder encourages government to push ahead with sale after Brexit vote July 3, 2016 The government has been encouraged to push ahead with its sale of the Green Investment Bank (GIB) and show that the UK is “open for business”. Sustainable Development Capital (SDC), which is among the firms bidding for GIB, has encouraged Whitehall to look beyond Brexit vote uncertainty. Read more: MP wants safeguards on Green Investment [...]
City Moves for 1 July 2016 | Who’s switching jobs July 1, 2016 UniCredit UniCredit, Italy's biggest bank by assets, has appointed Jean Pierre Mustier as CEO. Jean Pierre began his career at Societe Generale where he held various positions from 1987 to 2009. In 2003, he was appointed head of Societe Generale’s corporate and investment banking division and member of the bank’s executive committee. From 2011 to [...]
Forget post-referendum gloom: Britain’s economy will blossom outside the EU June 30, 2016 We have made history by becoming the first member state to give notice on our membership of the EU. But given that I will be explaining why I see the UK economy blossoming post-Brexit, it’s worth starting with a bit of my own history. I began student life in 1984 as an undergraduate at the [...]
Before the bell: What you need to know before the US market open June 30, 2016 The Fed's stress tests were failed by two European banks further buffeting stocks hit by the Brexit vote, while Wall Street lenders have announced share-buyback plans. Here's what you need to know before the US market open at 2:30pm London time. Futures are pointing down ahead of the open, with the S&P off by 0.16 per [...]
Five stocks to watch following the Brexit market meltdown June 30, 2016 The UK’s stock market has quickly and efficiently established a pecking order in the wake of the EU referendum vote. Low-volatility stocks, defensives and dollar earners have generally done well, or at least much less badly, than cyclicals and, domestic plays such as retailers, banks and house builders. In addition, gold and silver miners have performed extremely [...]
Turkey producer on the hunt for bootiful new owner June 29, 2016 Turkey producer Bernard Matthews has reportedly begun searching for a new owner. The company, best known for its ‘bootiful’ catchphrase in adverts, is currently owned by Rutland Partners. Read more: Rutland gobbles up a stake in turkey firm Bernard Matthews Sky News first reported that Rutland has appointed advisers at PricewaterhouseCoopers (PwC) to find potential [...]
Buyout giant raises £5.7bn for European fund June 29, 2016 European private equity firm Cinven has raised €7bn (£5.7bn) from investors for its sixth fund. The fund was raised in four months and was oversubscribed for its original target of €5.5bn. Cinven’s last raising put together a fund of €5.7bn in December 2014, and led to investment in 17 companies, and 40 acquisitions. Over 90 [...]