After the Nvidelity comes the Huangover. Jensen Huang joins long list who confused boardroom and bedroom
There is hope amidst the despair in hospitality if pragmatism wins out April 28, 2020 One is forgiven for being a little bleak about the prospects of the hospitality industry at the moment. There is a general view amongst restaurant operators that the rest of 2020 will essentially be a write off in terms of trading. Reopening of food and beverage (F&B) businesses this year will be slow, gradual and [...]
Gold price disconnects outdated legacy logistics and delivery eased with Digital Asset Tokens April 28, 2020 Gold in London 1675 offered, Gold in New York 1775 bid. Brilliant what could be better – even I could make money as a trader, or so you’d think. The Dollar value of daily gold traded is small in comparison to the sentiment, its a staple component of our financial News, for our core economic [...]
Zoopla: £82bn of UK house sales on hold as transactions set to halve in 2020 April 28, 2020 Hundreds of thousands of property transactions have been put on hold as the UK housing market freezes up during the coronavirus lockdown, with house sales set to fall 50 per cent this year. Roughly 373,000 property transactions with a total value of £82bn are on hold after the government put in place strict coronavirus restrictions, [...]
Housebuilding set to drop 35 per cent in 2020, says report April 27, 2020 Coronavirus lockdown measures will mean 35 per cent fewer houses will be built in the UK in 2020 than originally planned, according to a new report, a fall likely to add to the stresses in the British housing market over the coming years. Property consultant Knight Frank predicted in a new report that around 104,000 [...]
Retailers call on government to withdraw ‘disastrous’ business rates bill April 27, 2020 A coalition of retail organisations today called on the government to ditch a business rates bill they say would be “disastrous”for the high street. The Non-Domestic Rating (Lists) Bill brings forwards the next revelation of business rates for 2.08m non-domestic properties in England and Wales to 1 April 2021. If the bill receives asset, it [...]
Gordon Brothers buys Laura Ashley brand and archives April 22, 2020 Gordon Brothers has bought the Laura Ashley brand out of administration, however the future of its 147 high street stores is still undecided. The clothing and home retailer’s archives and intellectual property were also included in the deal, the US advisory firm announced today. Gordon Brothers said it will partner with the existing management team [...]
Exclusive: UK tech startup confidence slumps amid Covid-19 crisis April 22, 2020 Confidence levels among tech startups have slumped since the start of the year as the coronavirus crisis takes its toll on the UK’s thriving tech sector. Just 32 per cent of businesses are confident or very confident that their turnover will increase in the year ahead, City A.M. can reveal. This marks a quarterly drop [...]
It’s official: Coronavirus killed UK house prices’ Brexit recovery April 22, 2020 Signs of recovery in UK house prices at the start of the year have been brought to an abrupt halt by the coronavirus crisis. Figures from the Land Registry and the ONS show inflation fell back to 1.1 per cent in February after climbing to an eight-month high of 1.5 per cent in January. The [...]
Rental moves to drop 25 per cent in 2020 due to coronavirus lockdown April 21, 2020 Rental moves are set to fall by a quarter this year due to the impact of the coronavirus lockdown, according to the latest research. There are around 1.2m moves each year in the UK lettings market, but the number is expected to plummet 25 per cent in 2020 compared to last year. However, demand for [...]
US home sales slump in March as coronavirus bites April 21, 2020 US home sales tumbled at the fastest rate in over four years in March, figures have shown, as coronavirus containment measures choked off buyer demand in one of the biggest markets in the world. Existing home sales slumped 8.5 per cent in March to a seasonally adjusted annual rate of 5.27m units, the National Association [...]