After the Nvidelity comes the Huangover. Jensen Huang joins long list who confused boardroom and bedroom
A shortage of land could kill off London’s e-commerce revolution September 13, 2016 Recent reports that Amazon is set to test drone deliveries in partnership with the UK government is just the latest salvo in the fiercely contested battle between the e-commerce giants that are transforming the way we shop. The move also demonstrates the challenges of a constantly evolving logistics sector. City A.M. readers are at the [...]
The housing minister just suggested the government’s 200,000 starter homes pledge might include rental properties September 13, 2016 The remit of the government's promise to deliver 200,000 so-called starter homes by 2020 could be expanded so it includes purpose-built rental homes in the figure, the housing minister suggested today. During a question and answer session at the Resi 2016 conference in Wales, Gavin Barwell said there was "a little bit of tension between the overall [...]
Full separation of BT’s infrastructure arm Openreach is not “off the table” – Bradley September 13, 2016 BT has been dealt a blow just months after the telecoms group escaped its infrastructure arm Openreach being hived off by the regulator. Karen Bradley – the culture, media, and sport secretary – warned BT that Openreach could still be split out to a separate company despite Ofcom’s proposals to leave it under the BT [...]
Britain’s Got Talent online games maker Gaming Realm’s share price rises as company posts 109 per cent revenue uptick September 13, 2016 Gambling games publisher Gaming Realms has won out with triple-figure turnover in the first half of the year, though an increased marketing budget ate into its earnings. The figures Revenue at the Slingo.com and Britain's Got Talent online games maker grew by 109 per cent to £16.6m in the six months to 30 June, up from £8m in the same [...]
House prices continued their upward climb in July, according to the Office of National Statistics September 13, 2016 House prices increased by 8.3 per cent in the year to July, according to the Office of National Statistics (ONS) – falling from 9.7 per cent growth in the year to June 2016. The average UK house price increased to £217,000 in July 2016, a £17,000 increase on July last year. That made the average [...]
Raft of positive data from China lifts Asian markets September 13, 2016 Markets in Asia have been reacting to a raft of positive data from China, as both retail and industrial figures beat economists' expectations. In August, industrial production was up 6.3 per cent year-on-year, according to China's National Bureau of Statistics. This was up from six per cent growth in July – and it just beat [...]
House prices grow at slower pace in August September 13, 2016 Talk of a house price bubble bursting came to naught in August as house prices continued to grow – although the rate slowed. Average house prices now stand at £292,921 meaning the average homeowner is sitting on £12,101 more equity than this time last year according to Your Move and Reeds Rains’ monthly house price [...]
Travellers opt for urban luxury as posh hostel group Safestay doubles revenues September 12, 2016 Luxury hostel group Safestay's share price suffered today after it said headwinds in the London market will affect full-year trading, despite revenues increasing two-fold in the first half of the year. The figures Revenues at Safestay, which operates premium hostels in Elephant and Castle, Holland Park, York and Edinburgh, rose to £3.29m in the six [...]
City firms carry on hiring through Brexit uncertainty September 12, 2016 London’s firms are still taking on staff despite the uncertainty caused by June’s referendum, two new surveys of the capital’s businesses have found. Recruitment outfit Manpower said the number of employers planning to hire more staff in the final three months of the year has increased, taking London to second place on the nationwide league [...]
Business as usual for Columbia Threadneedle’s property fund by the end of September September 12, 2016 Columbia Threadneedle will re-open trading of its £1.3bn property fund at the end of the month. The asset manager suspended trading in its Property Authorised Investment Fund (PAIF) and feeder funds in July, following fears that there could be a run on the fund and insufficient cash to meet redemptions. It said that it would re-open the [...]