Business chiefs call for dramatic overhaul of rates to help high street

Business chiefs call for dramatic overhaul of rates to help high street

There’s no end in sight to the challenges faced by UK high street retailers. Photograph: Christopher Thomond/The Guardian Ministers are facing renewed pressure to reform business rates to bolster the UK’s high streets, with calls for a “complete review” from the Conservative mayor of the West Midlands. Andy Street, who ran John Lewis before his election in 2017 as the mayor of the UK’s second-biggest urban economy, said the current system of business rates on commercial properties was no longer representative of modern Britain. Speaking at a conference in London, he said:…

Read More

Why Business Leaders Are So Pessimistic About Growth In 2019

Why Business Leaders Are So Pessimistic About Growth In 2019

In PwC’s annual CEO survey, released today, 436 percent more CEOs said they expect global economic growth to ‘decline’ this year more than last. Twenty-nine percent of CEOs of companies around the world expect a decline in the global economy in 2019 versus just five percent last year. Another study, released yesterday, found just over one in 10 FTSE 350 company secretaries believed global economic conditions will improve over the next 12 months. When the Boardroom Bellwether survey – conducted twice a year by ICSA, a U.K. governance body, and the Financial Times – was conducted in August, that figure was…

Read More

Business Top 5: Corporate governance issue continues to drag Sun Pharma stocks down; Wipro announces 1:3 bonus

Business Top 5: Corporate governance issue continues to drag Sun Pharma stocks down; Wipro announces 1:3 bonus

Sun Pharma stock down 13.7 per cent in the last 2 days over fresh whistle-blower complaint losing almost Rs 14,000 cr in m-cap going to its lowest point in almost six years. Wipro’s board announced a bonus of 1:3 alongwith an interim dividend of Re 1/share.  |  Photo Credit: Thinkstock 1. Sun Pharma – Corporate governance concerns continues to ail stock Stock down 13.7 per cent in the last 2 days over fresh whistle-blower complaint losing almost Rs 14,000 cr in m-cap going to its lowest point in almost six years. A…

Read More

Automatad founder Vijay built a Rs 25 crore business with less than Rs 12 lakh in his pocket

Automatad founder Vijay built a Rs 25 crore business with less than Rs 12 lakh in his pocket

Automatad founder Vijay Ram Kumar and his team have pivoted to build a programmatic ad-engine to help content publishing websites host ads to make money. Technology that is ahead of its time is often the key to success; it is also a recipe for failure – something Vijay Ram Kumar learnt in his entrepreneurial journey. Vijay started up in Bengaluru in 2012 in digital advertising. His idea was to tag user-generated content with ecommerce websites, helping content publishers earn money. The idea was a win-win. Content publishing websites made money…

Read More

Expect heads to roll at Nissan over Ghosn scandal

Expect heads to roll at Nissan over Ghosn scandal

Chesnot | Getty Images News | Getty Images Carlos Ghosn, Renault-Nissan CEO. It is shaping up to be a bad year for Nissan. The arrest of auto industry titan Carlos Ghosn in Tokyo last month was believed by some to be a palace coup designed to remove him from power at Japanese automaker Nissan, just one of the companies Ghosn had a hand in running. Now it’s looking like a big problem for Nissan as well. Ghosn was indicted Monday on allegations of underreporting income and misusing company funds, but…

Read More

Cramer’s lightning round: There are better drug stocks to own than GlaxoSmithKline

Cramer’s lightning round: There are better drug stocks to own than GlaxoSmithKline

GlaxoSmithKline PLC: “We don’t care where a stock’s been, we care where it’s going, but it is at $37. It’s got a 5 percent yield. [CEO] Emma Walmsley is supposed to be doing a good job. I have not seen what I’d like to see from that company. As far as I’m concerned, there are much better drug stocks to own than Glaxo.” SiteOne Landscape Supply Inc.: “No. You don’t want to be there because people don’t like housing right now and it’s going to be affiliated with the housing…

Read More

Huawei arrest just made companies like Apple less valuable, Jim Cramer says

Huawei arrest just made companies like Apple less valuable, Jim Cramer says

Huawei arrest made companies, including Apple, less valuable: Cramer   10 Hours Ago | 01:13 U.S.-based technology companies with business in China automatically lost value on news of the arrest of Huawei CFO Meng Wanzhou, who has reportedly been accused of violating U.S. sanctions, CNBC’s Jim Cramer said Thursday. The arrest, which occurred in Canada on Saturday and was announced Wednesday, “means any tech company that does a huge amount of business in China, including Apple or Micron or Intel or Skyworks or Qualcomm or Broadcom, is worth a little less…

Read More

Where the super wealthy are investing their money

Where the super wealthy are investing their money

Where the ultra-rich invest during a volatile market   7:30 AM ET Sun, 18 Nov 2018 | 03:13 Ultra-wealthy investors aren’t bullish on the markets but they are well positioned to “weather the storm,” according to Michael Sonnenfeldt, founder of investment club Tiger 21. In the third quarter, Tiger 21 members moved more capital into real estate and private equity, according to its latest asset allocation report. The network, which is made up of more than 600 entrepreneurs from every industry, has $60 billion in assets. Real estate accounts for 28…

Read More

Cramer’s lightning round: I’m not a fan of Netflix’s stock as an end-of-year buy

Cramer’s lightning round: I’m not a fan of Netflix’s stock as an end-of-year buy

Netflix Inc.: “Candidly, I’m not a fan of Netflix. I’m not a fan of Netflix because I think that a lot of it depends on the content and I just don’t find the content as compelling as it once was. I think it’s a good story, but not a great story, because it’s up so much for the year and that’s been a real big determinant about how stocks are doing right now.” Cytokinetics Inc.: “Very speculative, but I’ll endorse it as long as you understand that that thing is…

Read More

Huawei says it will hit $100 billion in revenue for 2018

Huawei says it will hit $100 billion in revenue for 2018

  Zhang Peng | LightRocket | Getty Images People try using Huawei smartphones at an exhibition. Huawei’s revenues will in 2018 surpass $100 billion for the first time, a top boss at the Chinese tech giant said Thursday. Speaking to CNBC in Mandarin via a translator, Eric Xu, one of the rotating chairmen at Huawei said that business is growing “slightly better” than had been expected. “There is no problem that we can hit the $100 billion mark,” Xu said, in a translation that was verified by CNBC. Xu did…

Read More