After the Nvidelity comes the Huangover. Jensen Huang joins long list who confused boardroom and bedroom
Brits should avoid acting German if the Bank of England cuts interest rates July 14, 2016 "Not all Germans believe in God, but they all believe in the Bundesbank.” Former European Commission president Jacques Delors’s pithy assessment of the German attitude to monetary policy appears in a long list of quotations from the great and the good on the central bank’s website. Alongside gems like “[the Bundesbank] is like cream, the [...]
City Moves for 14 July 2016 | Who’s switching jobs July 14, 2016 Funding Circle Lending platform Funding Circle has appointed Jeremy Bennett as its new global chief financial officer. Jeremy has more than three decades of experience within financial services, working for Credit Suisse, before becoming CEO of Nomura in Europe, Middle East and Africa and CEO of Nomura International. During the financial crisis, he acted [...]
London house prices set to drop after UK’s shock Brexit vote, according to chartered surveyors July 14, 2016 House prices in London are set to suffer a more severe blow than any other part of the UK, according to the first major survey to be conducted in the wake of last month’s shock Brexit vote. Chartered surveyors in the capital expect prices to tumble during the next 12 months, as post-referendum fears grip [...]
How to get your children on the property ladder: Five of the best options for the Bank of Mum and Dad July 14, 2016 Buying a first home used to signal the start of a new era of independence, a turning point into adulthood. But the astronomical rise in London prices has put paid to that. Home ownership is at its lowest level for 25 years. Not only are people buying their first home later – the average age has [...]
Airbnb your house: Here’s how much Londoners could be making from the sharing economy July 13, 2016 The sharing economy is growing faster in Britain than anywhere else in Europe. As it has become more expensive to own cars, homes and even electrical equipment, more of us are seeing the advantages of monetising our idle assets. PwC estimates that transactions on platforms in the five biggest sharing economy sectors almost doubled in [...]
Brexit and anti-establishment politics: The Out vote was the first great thwack against the status quo July 13, 2016 A groundswell of disenchantment with ruling elites across Europe is threatening to destabilise the region. There were 35 separate calls for referendums from alternative parties in the EU in the 24 hours after the UK’s Leave vote was announced, according to the European Council on Foreign Relations, although not all were explicitly about exiting the [...]
Welcome back: Aberdeen Asset Management lifts suspension on property fund July 13, 2016 Aberdeen Asset Management has today lifted the suspension on its property fund, one week after several asset managers put the brakes on their funds. Last week, Aberdeen announced that it would be suspending trades on its Aberdeen UK Property Fund and the Aberdeen UK Property Feeder Unit Trust to protect the value of the fund for [...]
City Moves for 13 July 2016 | Who’s switching jobs July 13, 2016 Deloitte Deloitte has appointed Stephen Rees as a real estate senior advisor in its private client and family office group. Stephen will support family offices wishing to access UK commercial real estate, and provide a strategic and execution role as families continue to seek alternative investment opportunities in the UK. Stephen started his career at JLL, where [...]
History shows us why the next chancellor must tighten the belt July 13, 2016 On the face of it, the Brexiteers have a bit of explaining to do. A week before the vote, Boris Johnson dismissed fears about the value of sterling, and accused the governor of the Bank of England of “talking the economy down”. Yet the economy does seem to have stalled, property funds have had to suspend [...]
Begbies Traynor swings into profit by pinpointing property to overcome lacklustre insolvency market July 12, 2016 Begbies Traynor revealed a reverse in fortunes today, swinging into a profit in its most recent financial year. The figures The business recovery and property services consultants reported a profit before tax from continuing operations of £558,000 for the year to April, up from a loss of £723,000 the year before. Meanwhile, the company brought in [...]