After the Nvidelity comes the Huangover. Jensen Huang joins long list who confused boardroom and bedroom
US Presidential Election 2016: Donald Trump angered after PGA moves golf tournament from one of his courses to Mexico June 2, 2016 Something has upset The Donald. And this time, it's not Hillary Clinton or the national press. It's the PGA. It has decided to move a leading golf tournament from one of his courses in Miami to Mexico, as it could not find sponsors to find the 2017 World Golf Championship at Trump's course. Read more: Do [...]
Reducing net migration could mean the state pension age goes up and annual payments come down June 2, 2016 Hitting the government’s net migration target would put an £8bn hole in the public finances, and could lead to lower state pensions or higher taxes. New analysis, out today, from the National Institute for Economic and Social Research (Niesr) found that reducing immigration to the "tens of thousands" would hit tax revenues by £3bn a year by [...]
Porsche on-demand? VW boss reveals Gett plans June 1, 2016 Fancy ordering a Porsche to get home, instead of a plain old car or cab? Volkswagen's partnership with on-demand Uber rival Gett could very well make that a reality. VW boss Matthias Mueller has revealed more about the tie-up between the car maker and the tech company announced last week, and that could include making a high end [...]
City watchdog dishes out £2.4m fine to CT Capital for historic failures to handle its PPI complaints process June 1, 2016 CT Capital has today been slapped with a £2.4m fine by the City watchdog for historic failings in its Payment Protection Insurance (PPI) complaint handling procedures. The Financial Conduct Authority (FCA) issued the £2,360,900 fine in relation to the mishandling of PPI complaints between May 2011 and November 2013, which resulted in customers missing out on redress repayments they were [...]
Halfords reports rise in revenue and profit for 2016 June 1, 2016 Motoring and cycling retailer Halfords has unveiled a new tie-up with an Olympic cyclist, as it reports an increase in revenue and profit in its preliminary results for the 2016 financial year. The figures Sales were up 1.5 per cent like-for-like, to £1.022bn from £1bn, with £869m coming from the group's retail operations, and £153m made through [...]
Should you invest in crowdfunding? June 1, 2016 From craft beer to knitting and films, crowdfunding allows you to invest in the things which matter to you. It’s grown massively in the last five years and revolutionised the possibilities for start-up businesses. Rather than rely on friends for their generosity, or wait months for a bank to say no to a loan, entrepreneurs have [...]
City Moves for 31 May 2016 | Who’s switching jobs May 31, 2016 International Property Securities Exchange IPSX (the new operating brand for the London Real Estate Exchange) has announced the appointment of Robert Bould as a non-executive director. Rob recently stepped down as chief executive of GVA Bilfinger (previously GVA Grimley), an international property agent and advisory firm, and executive vice president of Bilfinger Real Estate. Having [...]
Why the City of London will be better off if we leave the European Union May 31, 2016 Too much of the debate about what the European Union referendum means for the City has been frustratingly narrow and short-term, confined to the immediate financial implications of leaving. Far too little attention has been paid to the longer-term health of the City, in particular the implications of remaining inside the EU. Inside the EU, [...]
Soaring demand for bankers, insurers and accountants, but graduates left out in the cold May 31, 2016 Finance firms across the UK are on a hiring spree, as the number of job vacancies in banking jumped by ten per cent last month. The new analysis of job openings by a group of recruitment firms will provide welcome respite from reports of swingeing job cuts, as the Association of Professional Staffing Companies (Apsco) [...]
Former Zurich chief executive Martin Senn commits suicide May 30, 2016 Former Zurich Insurance chief executive Martin Senn has committed suicide, five months after he left the Swiss insurer. In a statement, Zurich said that Senn took his own life on Friday. “With the passing of Martin, we lose not only a highly valued former CEO and colleague but also a close friend. Our thoughts are [...]