After the Nvidelity comes the Huangover. Jensen Huang joins long list who confused boardroom and bedroom
Natural disasters made this April the worst in 2011 for economic damage, but the UK got away lightly May 9, 2016 The warm weather in London these last few days may have led you to believe that April's weather – complete with its snow storm – was a bit of a washout. However, a report out today shows that the UK's weather last month was rather reasonable… provided you work in insurance. Aon Benfield's most recent Global Catastrophe Recap [...]
Dreading the next crash? Become a part-time entrepreneur and give yourself an insurance policy May 9, 2016 When the next financial crisis or recession strikes, don’t be caught off guard. Just ask me. In 2008, I was working in the emerging markets private equity division of AIG Investments, happy to be at a high-flying division of a globally-respected company. You might remember what happened next. AIG blew up spectacularly and overnight I [...]
Tidjane Thiam facing a second consecutive quarterly loss at Credit Suisse May 8, 2016 Tidjane Thiam is set to come under more pressure this week when Credit Suisse reports its first-quarter results. Thiam took over as chief executive of the bank from insurance group Prudential last July. Since then, Credit Suisse's share price has plummeted by around 50 per cent to $14 (£9.70). [charts-share-price id="250"] Read more: Credit Suisse braces for bumpy road ahead The [...]
Palantir founder hits out at claims unicorn startup is struggling May 8, 2016 A founder of one of the world's most highly valued startups has hit back at claims the company is struggling with the loss of clients and staff. Joe Lonsdale, a founder of the secretive startup Palantir along with PayPal pioneer Peter Thiel and others, which boasts the Bank of England as one of its clients, said it was [...]
City Moves for 6 May 2016 | Who’s switching jobs May 6, 2016 The Chartered Institute of Internal Auditors The Chartered Institute of Internal Auditors has announced the appointment of its new chief professional practice adviser, Liz Sandwith, who brings over 28 years’ experience in internal audit and risk management. Liz joins from Bupa where she held a number of roles in her five years there – from [...]
Shareholder spring freezes over: Reckitt Benckiser, Rolls Royce, and GlaxoSmithKline give their approval to executive pay plans May 5, 2016 The prospect of a fresh shareholder spring was delivered another blow today. Shareholders of consumer goods giant Reckitt Benckiser, engineering firm Rolls Royce, and drug-maker GlaxoSmithKline all gave their approval to their respective executive pay packages with votes coming in above 80 per cent in favour across the board. Reckitt, now rebranded as RB, had the toughest time of the three [...]
Slimmed down RSA Insurance is looking good May 5, 2016 RSA Insurance Group today reported operating profits rose in the first quarter of 2016, as the company's plans to slim down by disposing of overseas businesses starts to reach its final stages. Shares in the company were trading up two per cent at 478.7p shortly after 10am London time. [stockChart code="RSA" date="2016-05-05 10:16"] The figures Net written [...]
We don’t believe you can teach old dogs new tricks (and some of us don’t even want to try) May 5, 2016 Bad news: Not only does our collective lack of a pension pot mean we're prevented from quitting the day job as early as we'd like, research released today suggests that our colleagues aren't even pleased that we're still hanging around the office. The study by Canada Life Group Insurance found that there are still many [...]
Rising residential rents ease fears of a slowdown after buy-to-let buying frenzy May 5, 2016 Rental prices rose in all but one region of the UK over three months to April, new figures show, despite concerns about the impact of higher stamp duty charges. Insurer HomeLet's latest rental index reveals that rents outside of London were, on average, 5.1 per cent higher over the three months to April than in the same period of last year. That compares [...]
Gardening spend in the UK shows signs of slowing, survey shows May 4, 2016 The amount people in the UK spend on gardening is falling, new research has revealed. Despite the UK being a nation of garden lovers, with a third of people spending time every week gardening, total spend would appear to have dropped since Lloyds Bank Insurance carried out a survey last year. Just 12 per cent [...]