After the Nvidelity comes the Huangover. Jensen Huang joins long list who confused boardroom and bedroom
FTSE 100 soars to 14-month high as pound falls further against the euro August 11, 2016 The FTSE 100 soared to above 6,900 for the first time this year on Thursday. At 6,914.71, the bluechip index closed up 0.7 per cent, its highest level in more than 14 months. Read more: FTSE 100 charges towards 14-month high as miners gains The market had been lingering at less than 6,850 earlier in the [...]
Ready, Aim – float: IPO activity on London’s junior market is booming this year August 11, 2016 Time Out, Joules, Hotel Chocolat and a northern discount loo roll business called Accrol are among the 27 companies to have floated on London’s junior market so far this year. While the London Stock Exchange’s main market, in common with other big exchanges, has experienced a slowdown in initial public offerings (IPOs) this year, the alternative [...]
Holiday Homes: Austria is on the up as Brits look to buy second homes that will maintain yields all year round August 11, 2016 If you need to get away from all the Brexit chatter, I know the perfect place to get some much-needed perspective. Over in the Austrian Alps, those dark clouds that dog us in the UK are lined with silver. Figures released from the Austrian National Tourist Office (ANTO) this year have shown that the country’s [...]
Audley Retirement’s CEO moots an IPO in 2018 August 11, 2016 The boss of the retirement property company Audley Retirement has mooted a potential IPO for 2018. The flotation would value the company at hundreds of millions of pounds. He said the current market was also an opportunity for Audley to move into the London. Previously, London was so overheated that Audley couldn’t get a look-in – but as [...]
Brexit vote hasn’t affected sales but 21 pubs a week are still shutting August 11, 2016 The Brexit vote has not yet affected turnover at the country's watering holes, but hefty beer prices are still driving pubs to close at the "alarming" rate of 21 per week. Enterprise Inns, the UK's largest pub company, said sales rose 1.9 per cent in the 44 weeks to 30 July and the group remains [...]
Derwent London’s share price suffers as the property company downgrades rental forecast August 11, 2016 Property landlord Derwent London's share price fell this morning after the company lowered its rental growth forecast due to the Brexit vote. In its interim results for the half year ending 30 June, Derwent London said: "the outcome of the EU referendum may lower activity", and reduced its estimate of rental growth from between five and eight per [...]
Aldermore becomes the latest challenger bank to shrug off Brexit with 50 per cent boost to profits August 11, 2016 Aldermore has today reported a huge boost to its bottom line, while revealing it feels it can keep on smiling throughout the Brexit uncertainty. The figures The challenger bank reported profit before tax of £59m for the first half of 2016, up 50 per cent from the prior year's £40m. Meanwhile, underlying profit before tax increased to £63m, [...]
Housing market activity fell after the EU referendum, according to chartered surveyors August 11, 2016 Activity in the housing market is projected to weaken in the coming months, according to chartered surveyors. The Royal Institute of Chartered Surveyors (RICS) said house price growth faltered in July and the outlook for house price growth "remains negative" in the aftermath of the Brexit vote and changes to stamp duty tax on second homes. Read more: Everything [...]
House prices in the City and its fringes have boomed in the last five years August 11, 2016 House prices in the City and the surrounding boroughs have soared over the past five years as the centre of London has become a more attractive place to live. City fringe areas such as Clerkenwell, Shoreditch and Wapping have proven particularly popular, where prices have jumped by 47 per cent since 2011, according to research [...]
How free trade died in the US – and why the same could happen in Britain too August 10, 2016 Two landmark US trade deals look like candidates for the morgue: the 12 nation Trans-Pacific Partnership (TPP) and the Transatlantic Trade and Investment Partnership (TTIP) with the EU. After nearly 70 years at the forefront of efforts to liberalise trade and investment across international borders, the US has done a complete about face, with leaders [...]