After the Nvidelity comes the Huangover. Jensen Huang joins long list who confused boardroom and bedroom
Shawbrook becomes the latest challenger to be unshaken by Brexit July 27, 2016 Following in Virgin Money's footsteps, Shawbrook has today waved away the Brexit woes facing challenger banks by showing off a boost to its bottom line. The figures The challenger bank reported profits before tax for the first half of 2016 of £35.2m, up from £24.7m in the first half of 2015. Meanwhile, underlying profit before tax [...]
Rightmove’s shares just jumped after it reported impressive mobile traffic July 27, 2016 Don't write off the UK's property market quite yet: shares in Rightmove jumped this morning, after it reported a surge in mobile traffic. The figures The property portal said this morning that revenues had jumped 16 per cent to £107.9m in the six months to the end of June, while pre-tax profits rose to £80.6m, from £66.6m last year. It signed [...]
Metro Bank heads closer to profit, as chief exec shrugs off Brexit fears July 27, 2016 Metro Bank revealed it was closer to moving out of the red today, as its chief executive waved away any Brexit woes. The figures The challenger bank reported an underlying loss after tax of £4.1m for its quarter to June, a 45 per cent shift towards the black on the £7.6m loss it reported last year, and a 48 per [...]
City A.M. Unregulated podcast: Trading for millennials – can you get rich quick on the stock market? July 27, 2016 Millennials are the left behind generation – they can't afford property, their savings are doing nothing and they're going to work until they drop. Time to get proactive? This week we're joined by 25-year-old Aaron Fifield, the host of the Chat With Traders podcast, and Triforce Trader Matthew Owens, also 25, to discuss whether trading on [...]
Prime Minister Theresa May wants to secure UK-Ireland external border July 26, 2016 Prime Minister Theresa May has said she wants to work to secure the external borders of the Common Travel Area as she looked to relieve concerns around the potential fallout from Brexit on Irish-British relations. Speaking in a press conference with Taoiseach Enda Kenny, she said that the UK and Ireland have benefited from a Common Travel [...]
Yah-ooh dear: Verizon reports five per cent revenue fall July 26, 2016 Verizon Communications, the US company that yesterday announced a $4.83bn (£3.7bn) deal for the internet business of Yahoo, has reported a more than five per cent drop in revenue. The figures Total operating revenues for the second quarter of 2016 were $30.5bn, down 5.3 per cent on the same period in 2015. Analysts had expected the [...]
CapCo cuts value of Earls Court development as Brexit vote creates concern over London house prices July 26, 2016 London property company Capital & Counties Plc (CapCo) has cut the value of its Earls Court development by 14 per cent due to worries about a fall in London house prices after the Brexit vote. In its interim results, CapCo said it valued the Earls Court site – which will create 7,500 homes – at [...]
Cheer up: The value of the average UK home rose £21 per day in the first half of this year July 26, 2016 It hasn't all been bad news around house prices since the Brexit vote: it turns out the average home rose in value by £21.07 a day in the first half of the year, according to new figures. Research by property portal Zoopla suggested the average home is now worth £290,725, up £3,847, or 1.3 per cent, [...]
City Moves for 26 July 2016 | Who’s switching jobs July 26, 2016 Allfunds Bank Allfunds Bank has appointed Nick Emmins to spearhead its new investment research services to UK wealth managers and other third party fund buyers. Until recently Nick was a director at RBC where he helped develop its Luxembourg-based global fund trading platform. In that role he implemented new product capabilities while establishing a fund manager [...]
Theresa May could face static property market, says Stirling Ackroyd July 26, 2016 Prime Minister Theresa May could well face a static London property market if history is anything to go by, analysts at Stirling Ackroyd have found. In an analysis of London house price growth under different prime ministers, Stirling Ackroyd found that although Margaret Thatcher and Tony Blair presided over rapid growth, May's reign could be marred by Brexit. The London [...]