After the Nvidelity comes the Huangover. Jensen Huang joins long list who confused boardroom and bedroom
Profits leap at Dixons Carphone – and it isn’t worried about Brexit June 29, 2016 Technology retail giant Dixons Carphone posted strong results after its first full year of trading following the merger of Dixons and Carphone Warehouse. The figures Profit before tax at the group rose 17 per cent to £447m in the year to 30 April, as like-for-like sales jumped by five per cent across the group. Total sales remained broadly [...]
First-time buyers beat off Brexit fears and paid record prices for property in May June 29, 2016 Brexit fears didn't put first-time buyers off from mounting the property ladder, as data out today shows they spent record sums on their homes in May. First-time buyers paid an average of £173,282 on their first ever home in May – a record high – according to data from estate agents Your Move and Reeds [...]
Remortgaging in May was at its highest level since 2008 – but experts predict Brexit woes will hang over the market until aumtumn June 29, 2016 Remortgaging hit £5bn in May, the highest value for May since 2008, according to research released today. At 32,334, the number of remortgage loans was 31 per cent higher in May than in the same month last year, according to research from Legal Marketing Services (LMS). The average amount of equity withdrawn was £33,600, up 43 per [...]
Berkeley Group’s share price looks up as Tony Pidgley spends £800,000 on shares June 28, 2016 Berkeley Group's share price went up this morning after it emerged the company's chairman, Tony Pidgley, had bought another five per cent of the firm's shares for just under £800,000. In a statement this morning the company said Pidgley has bought 35,061 shares, a 4.7 per cent stake, at £22.69 a share yesterday, its share price plummeted. Director Glyn [...]
City Moves for 28 June 2016 | Who’s switching jobs June 28, 2016 Gordon Dadds Legal and professional services firm Gordon Dadds has appointed senior politician Lord Peter Hain as its global and government adviser. Hain will be helping Gordon Dadds and its clients expand their international connections, with particular focus on Africa and the Middle East. He will also advise the firm on governmental matters. Prior to joining the House [...]
What’s behind the rise of anti-establishment politics? From Brexit to Trump and Bernie Sanders, frustration at inequality is rising – and some experts think central bank policies are to blame June 28, 2016 Anti-establishment sentiment is growing, with political leaders seen as “alternative” drawing support across the Western world – from the rise of Bernie Sanders and Donald Trump in the US, to France’s National Front, Germany’s AfD, Italy’s Lega Nord and Syriza in Greece. The surprise triumph of the Brexit movement falls into this camp too. And a [...]
Demolition derby: Housebuilders trigger circuit breaker as their shares head for a second day of falls June 27, 2016 Shares in all the FTSE 100-listed housebuilders were suspended from trading for five minutes this morning as housebuilders fell for the second consecutive trading day. Taylor Wimpey was the first to trigger the London Stock Exchange's so-called circuit breaker by falling more than eight per cent on its opening price, causing it to be suspended for five minutes, as investors showed their nerves over [...]
London house prices: First of many? Foxtons issues profit warning after Brexit vote June 27, 2016 Shares in struggling estate agent Foxtons plummeted as the market opened after it became one of the first property giants to issue a profit warning off the back of the UK's Brexit vote. Shares fell more than 16 per cent to 112.94p after the company put out a statement this morning saying challenging conditions it had previously referred to [...]
City Moves for 27 June 2016 | Who’s switching jobs June 27, 2016 Qube Global Software James Lavery has been promoted to marketing director at Qube Global Software, a City-based supplier of property and facilities management software. James joined Qube Global Software in 2004 as its customer relationship team leader, before being promoted to head of marketing in 2010. In his new position he will be responsible for spearheading the company’s [...]
Curzon Cinemas targets expansion around the world June 26, 2016 Curzon Cinemas, a chain that began in London in 1934 and has since opened 10 more cinemas across the country, is now targeting international growth through its digital offering. Philip Mordecai, director of home cinema at Curzon, is aiming to grow the digital side of the business and sees it eventually competing with the likes [...]