After the Nvidelity comes the Huangover. Jensen Huang joins long list who confused boardroom and bedroom
Vote Leave launches £50m Euro 2016 competition May 27, 2016 A football guessing game with a £50m prize and free entry might sound like the sort of email that automatically lands in the spam folder. Even if not, most discerning folk would raise at least one eyebrow of scepticism at the prospect of guessing correctly the result of every one of the Euro 2016 matches. Whether you decided to [...]
Axa to sell Sun Life to Phoenix on €400m loss May 27, 2016 UK insurer Phoenix is to buy Axa Wealth's pension and protection business Sun Life in a deal worth £375m – less than the £500m figure that had been touted previously. Axa said the deal, which is expected to complete in the second half of this year, would generate a loss of €400m. It is part of [...]
Axa unveils shake up of top team ahead of chief exec’s start May 27, 2016 Axa has revealed a major shake up of its senior team – including a new chief executive of its UK business – ahead of the arrival of incoming boss Thomas Buberl later this year. From 1 July the group will boast a new management committee that will "reinforce the role of large countries and global [...]
Property Entrepreneurs: Johns & Co founder John Morley on how he plans to improve landlord-tenant relations May 26, 2016 For too many of London’s flat dwellers, their experience of property management has been wondering why repairs take so long and why calls for help go unanswered. Part of the problem lies in the fact developers have little long term interest in management once they have sold all the apartments in a scheme, so, all [...]
Pensions dashboard takes a step closer to becoming a reality, with prototype in the pipeline May 26, 2016 The long-awaited pensions dashboard took a step closer to becoming a reality today, with a potential prototype revealed as being in the pipeline. In a white paper launched today, the Association of British Insurers (ABI) and the Money Advice Service (MAS) revealed that they would be taking the next step in developing the dashboard, which aims [...]
The cost of hedging against a swing in the value of the pound just hit a seven-year high May 26, 2016 The price of hedging against volatility on the currency markets spiked today, as traders become increasing nervous with just four weeks to go until the EU referendum. The cost of insuring against swings on the value of the pound, as measured by one-month options for swapping sterling into US dollars hit a seven-year high today. [...]
L&G chairman to retire from next week as search for successor continues May 26, 2016 Legal & General chairman John Stewart is retiring from the business next week . The insurance group, which previously announced that Stewart would be stepping down in November, said "the search is well advanced" for his successor and the individual would be named "in the coming weeks". L&G added: "Given the very good progress made by [...]
City Moves for 26 May 2016 | Who’s switching jobs May 26, 2016 Ayming International business performance consultancy group Ayming has appointed Alejandro Alvarez as UK director for operations performance. Alejandro has been brought in to launch Ayming’s UK operations performance business unit, which will focus on helping clients to improve their operational efficiency, procurement & supply chain performance and working capital. Prior to joining Ayming, Alejandro was [...]
We’ve not even scratched the surface of fintech’s true potential – and banks will struggle to keep up May 26, 2016 Fintech innovation has seen rapid growth over the past few years and is producing businesses with scalable products. In turn, senior executives at banks are responding to the challenge these businesses present and have begun to set up their own incubators to capture this rapid innovation. Driving much of this has been the rise of [...]
PPI still tops the list of most complained about financial products May 26, 2016 Consumers are still feeling the effects of one of banking's biggest scandals, with complaints about Payment Protection Insurance (PPI) still topping the list of woes heard by the Financial Ombudsman Service. A report released today by the Ombudsman revealed that it is still receiving up to 4,000 PPI cases each week and that half of all the [...]