After the Nvidelity comes the Huangover. Jensen Huang joins long list who confused boardroom and bedroom
China asks Britain for help to create financial super-regulator May 16, 2016 Britain has been advising China as it plans to create a new super-regulator to control its financial markets, according to reports. Chinese officials are looking to head off the stock market volatility that plagued its exchanges last year. Shares lost a third of their value in just one month having increased 150 per cent [...]
Forget the gender pay gap – it’s the gender investment gap you really have to worry about May 16, 2016 It's not just the gap in pay that women need to worry about, as a study out today shows they are also getting a raw deal on their investments. The research by investment provider Radius Equity found that men make an average of £3,794 per year from their investments, which is 57 per cent more than women's [...]
Premier Foods to face investor fury after failed US deal May 15, 2016 Premier Foods is likely to be heavily scrutinised by investors this week for its failed US deal as it announces its full-year results. The share price closed at 39.25p on Friday but had peaked at 60.25p at the end of March as a result of repeated takeover approaches from US flavouring giant, McCormick. Although steadfastly defended [...]
Space tourism, driverless cars and drones set for Queen’s Speech lift off May 15, 2016 New plans for driverless cars on Britain's roads are to be announced in the Queen's speech this week, as are proposals for creating an ambitious UK-based space tourism industry by 2018 along with drone-friendly innovations. “Driverless cars and commercial space flight might seem like something science fiction, but the economic potential of the new technology is huge [...]
EU referendum: Former Prime Minister Sir John Major attacks some fellow Conservatives for “morphing into Ukip” with immigration arguments May 13, 2016 Former Prime Minister Sir John Major has jumped back into the EU debate, attacking pro-Leave Conservatives that he says are "morphing into Ukip". In a speech later today, Major will say that some Tories are fanning the flames of prejudice on hot topics such as immigration. While accepting the level of immigration is cause for [...]
Brexocalypse Now? The multi-billion pound Brexit risk to the Square Mile, mapped May 13, 2016 Here's another apocalyptic view of the potential consequences of Brexit – this time on the City of London. [Scroll to the bottom to see a visualisation of how Brexit could affect the City's property sector] New research suggests billions of pounds in property value and thousands of jobs are at risk of being wiped from the [...]
MPs warn that not enough is being done to protect consumers from mis-selling, and that the recently introduced pensions freedoms could spark a whole new scandal May 13, 2016 MPs are warning that the next financial scandal could be on the horizon, as too little is being done to address the cultural aspects that lead to wrongdoings, such as payment protection insurance (PPI) mis-selling, while a landmark pensions change has created new opportunities for such behaviours to flourish. A report released today by the Public Accounts Committee (PAC) [...]
Property Entrepreneurs: How flatsharing website Weroom spread through social media May 12, 2016 Flat sharing is great – so long as you get on with your fellow flatmates, and don’t fall out over the washing up, or who has paid the bills. But those softer issues can be hard to think about, when you’re on the hunt for a place to stay. And it was this set of [...]
All shook up: Aegon’s first quarter affected by volatile markets May 12, 2016 Aegon has had a bumpy ride during its first quarter of this year, revealing today that volatile markets had caused its net income to half. The Dutch insurer reported that its net income had dropped to €143m (£112.6m) for its first quarter of 2016, down 50 per cent from €289m the same time last year, although an improvement on the previous [...]
Making it harder to become a citizen will not solve the net migration problem May 12, 2016 Seen from the government’s point of view, the pathway to citizenship for immigrants to Britain should be as tough as possible. Since Theresa May became Home Secretary, a host of measures has been introduced to make the route from arriving to citizenship harder than it has ever been. The cost of citizenship in Britain is [...]