After the Nvidelity comes the Huangover. Jensen Huang joins long list who confused boardroom and bedroom
Don’t sacrifice company culture on the remote working altar September 25, 2020 The UK recession, like its predecessors, will cause massive shifts in the market: new startups will be born (just as Airbnb, Uber, and Whatsapp were last time); many SMEs will be forced to adapt, refine, and then rebuild; and larger companies, spanning sectors as broad as property, law and finance, will find the pandemic era brings [...]
Liz Truss hails ‘productive’ fourth round of UK-US trade talks September 22, 2020 Trade secretary Liz Truss today said the UK and US had made “significant” progress in reaching a trade deal after wrapping up a “productive” fourth round of talks. Truss said the two sides exchanged their first tariff orders and held a series of detailed market access discussions during the round. The US and the UK [...]
Thomas Cook relaunches as online-only firm September 16, 2020 Iconic holiday firm Thomas Cook will today relaunch as an online-only company, a year after going bust in dramatic circumstances. To start with, the new travel company will sell holidays to destinations that are on the government’s safe travel list. In November, Chinese firm Fosun, which also owns package holiday brand Club Med, acquired the [...]
Official figures confirm jump in UK house prices September 16, 2020 UK house prices jumped in June after the property market reopened and a wave of pent-up demand was released, the government’s Land Registry has confirmed. Average house prices in the UK rose by 3.4 per cent in the year to June 2020, official figures showed. That was up from the 1.1 per cent increase in [...]
New Look landlords approve switch to turnover rents September 15, 2020 New Look’s landlords and creditors have given the struggling retailer the green light to push ahead with restructuring plans. The majority of landlords have approved plans to allow the high street chain to switch to turnover-based rents at 402 of its UK stores, which will align rent payments with future sales performance. The remaining 68 [...]
Regulator launches review into consumer investment market September 15, 2020 The consumer investment market is not working as well as it should and it is due a fundamental review, according to the Financial Conduct Authority (FCA). Too often consumers are receiving lower returns than they should because of “unsuitable products with high fees”, the financial regulator said. It is launching a “call for input to [...]
Rishi Sunak eyes fresh tax breaks for UK businesses September 13, 2020 Rishi Sunak is mulling over multi-billion pound tax cuts for UK businesses that invest in property, plant and equipment in the wake of the coronavirus crisis. The plans involve giving companies tax breaks on capital investments, such as machinery, in an attempt to stimulate economic activity and boost the government’s “levelling up” agenda. Companies receive [...]
McLaren puts iconic Woking HQ up for sale for £200m September 10, 2020 Sports car maker McLaren has put its iconic headquarters near Woking in Surrey up for sale in a bid to shore up its balance sheet amid the ongoing coronavirus crisis. Sky News first reported that the firm has instructed property agent Colliers to begin marketing a sale-and-leaseback of the McLaren Technology Centre, with offers in [...]
British Land chief to step down in November September 10, 2020 Property developer British Land has today announced that chief executive Chris Grigg will step down after 11 years at the helm. Simon Carter, who is currently the firm’s finance chief, will take over the top job, it added. Carter returned to British Land in 2018 after spells as the finance chief at European warehouse business [...]
London house prices stabilise as buyers take advantage of stamp duty holiday September 10, 2020 London’s housing market has stabilised with activity continuing to rise, as buyers take advantage of the stamp duty holiday. The August Rics residential survey found 28 per cent of respondents noted an increase in buyer interest across the capital. Buyer enquiries continued to rise while the number of new properties listed for sale also increased. [...]