After the Nvidelity comes the Huangover. Jensen Huang joins long list who confused boardroom and bedroom
Intu boss quits after landlord falls into administration July 3, 2020 The boss of Intu has stepped down a week after the UK’s biggest shopping centre owner went into administration having failed to agree a last minute deal with lenders. Administrator KPMG told staff that Matthew Roberts, who took over the top job last year after nine years as the firm’s finance chief, had quit, Sky [...]
Coty hires former L’Oreal boss as its third chief executive this year July 2, 2020 Beauty firm Coty has hired former L’Oreal boss Sue Nabi to become its third chief executive in just six months, sending shares up almost four per cent in pre-market trading. Nabi will take over the reins from Peter Harf, who was appointed chief executive of Coty just last month. Harf will step down front the [...]
UK house prices fall for first time since 2012 amid coronavirus July 1, 2020 UK house prices posted an annual fall for the first time since 2012 in June amid the coronavirus pandemic, according to Nationwide’s index today. Growth turned negative last month with prices slipping 0.1 per cent year on year, following a 1.8 per cent climb in May, Nationwide said. Its data showed UK house prices also [...]
Sainsbury’s sales up 8.5 per cent as grocer ‘feeds the nation’ during lockdown July 1, 2020 Grocer Sainsbury’s today said that total first quarter sales increased by 8.5 per cent as the supermarket beat expectations despite the coronavirus pandemic. It said that although it was forecasting a £500m profit hit due to the crisis, stronger grocery sales and business rates relief would offset the shortfall. Shares in the grocer jumped initially [...]
Industry reacts as Boris Johnson lays out ‘New Deal’ recovery plan June 30, 2020 Boris Johnson has today laid out his vision for rebuilding the UK after the coronavirus pandemic, pledging to “build build build” to get Britain back on its feet. Citing US president Franklin D Roosevelt’s “New Deal” as a model for the plan, the prime minister unveiled £5bn in infrastructure investment and promised to “scythe through [...]
Boris Johnson’s New Deal: PM invokes Roosevelt in ‘radical’ infrastructure overhaul June 30, 2020 Boris Johnson has today set out plans to overhaul the UK’s planning system, to make building new homes easier, in order to fix what he termed “intergenerational injustices” in access to property. The overhaul will allow developers to change the use of buildings and land in town centres without planning permission, meaning that vacant buildings [...]
World reserve currencies: Is the US Dollars’ days numbered? June 30, 2020 “Every dog has its day” is an expression believed to have come from 405 BC when a Greek playwright, Euripides, was mauled and killed by a pack of dogs. An analogy to this tale could be the US Dollar. Is the end nigh? Has the mighty Greenback ‘had its day’? Having been on the boards [...]
Crypto AM Shines its Spotlight on PlutusDeFi June 30, 2020 PlutusDeFi completes US$1 million fundraise as work begins to create the first “DeFi full stack” platform. PlutusDefi has never had small dreams. To us, Decentralized Finance “DeFi” is a belief in absolute freedom. Every other DeFi project or start-up is a half-step towards truly taking control away from corruptible centralized bankers and financial institutions and [...]
Explanation of DeFi staking and the importance of Ethereum 2.0 June 30, 2020 The financial world is changing at a pace never before seen in history. These new instruments are being developed and made available to anyone willing to explore the space and to serve a wide variety of needs. Investment in Decentralised Finance (or DeFi) has spiked to 1.5bn USD in assets locked. These assets are in [...]
Shard developer accused of ‘vandalising’ Bermondsey property to earn planning permission June 29, 2020 A row over a Bermondsey development has escalated with local campaigners alleging that Shard developer Sellar has “vandalised” a heritage building to earn planning permission. The Old Bermondsey Forum (OBF) and the Bermondsey Village Action Group (BVAG) are accusing Sellar of tearing out a hydraulic hoist from a historic warehouse in Vinegar Yard, near London [...]