After the Nvidelity comes the Huangover. Jensen Huang joins long list who confused boardroom and bedroom
Fintech helps to push foreign direct investment in UK financial services sector to highest level since 2006 June 13, 2016 Foreign investors can't get enough of the UK's financial services market, with a report out today discovering that fintech has helped push foreign direct investment (FDI) to its highest level since 2006. The research by professional services firm EY discovered that, in 2015, there were 94 FDI projects in the UK's financial services sector, which in turn generated 8,138 [...]
How drones have opened up a whole new world for insurers June 13, 2016 The popularity of drones could drive growth in some sectors of the insurance industry, one City law firm has said today. According to RPC, the new technology is increasing the demand for specialist drone insurance, which providers operators with cover that may not be available under traditional public liability policies. "Major issues do remain to be resolved for insurers – [...]
Many insurers are worried the technology-centric startups will steal their business June 13, 2016 Technology has got insurers shaking in their boots, as research out today shows many are worried technology-focused startups will snatch their business out from under them. The report by professional services firm PwC discovered that almost half (48 per cent) of insurers are concerned that as much as a fifth of their business could be [...]
Small firms would lose £12k a day without mobile phone access, as mobile media demand soars June 13, 2016 Small businesses could lose up to £12,000 per day if they were without access to their mobile phone, research out today has shown. Firms with up to nine employees would on average miss out on almost four new business opportunities, each with an average value of over £3,000, every working day if their mobile was [...]
Kitted-out office sector to be worth £126bn within 10 years June 13, 2016 The UK market for fully-kitted out offices could rise in value to a whopping £126bn in under 10 years, a new report has revealed. Currently valued at around £16bn, the so-called serviced office sector is projected to increase in value significantly by 2025, to £62bn on conservative projections and £126bn on more optimistic forecasts. Economic [...]
Poundland faces profit plunge after delayed takeover of 99p Stores last September June 12, 2016 Discount retailer Poundland might need a few quid as it braces for a plunge in profits this week. The company’s full-year results have been dragged down by its delayed takeover of high-street rival 99p Stores. Earnings per share are forecast to fall almost 43 per cent, from 15.01p to 8.58p per share, when the company [...]
Heading to UEFA Euro 2016? Sorry but more travel disruption on the way as Air France updates warning on cancelled flights June 12, 2016 Anybody heading across the Channel for a short getaway or to see their team play in Euro 2016 has a fresh set of travel woes, as Air France today warned that strike action would affect around a fifth of its flights for the next couple of days. The French airline has advised passengers to check whether their [...]
Travel troubles cost insurance industry £1m per day June 11, 2016 Those who are still shuddering at the cost of their most recent getaway should spare a thought for the insurance industry. Research out today has found that insurers shell out £1m every day on claims on travel policies. The study from the Association of British Insurers (ABI) discovered that travel insurers paid out £365m in claims last [...]
European banking shares skid lower as FTSE 100 sinks June 10, 2016 European banking shares finished sharply lower today, making their biggest intraday decline since the beginning of February. The Stoxx 600 Banks index finished 4.2 per cent lower, its biggest one-day fall since 11 February. It was pushed down by the likes of Deutsche Bank, which skidded 4.6 per cent to €14.06, and Credit Suisse, which fell 3.8 per cent [...]
Zurich aims to keep it simple by bringing life and non-life units together June 10, 2016 Zurich revealed its next step in simplifying its business model today, including bringing its life and non-life units together under the same leadership team. The insurance company has previously been working to bring the two divisions of its business closer together in markets such as Switzerland, Germany and Italy. In a statement, the company said that it hoped [...]