As demand for luxury goods declines, Burberry’s profits fall by 40%
Burberry's profits fell by 40% over the past year due to a general slowdown in luxury goods demand that has…
Monthly Archives
May 2024
Landlords sell up, leaving 2,000 homes a month facing homelessness in England
Private landlords are claiming to be selling their properties, and some blame the uncertainty created by the…
Brexit IT problems at the border can delay perishable imports to UK by as much as…
The UK's most busy Brexit post is holding up to 20-hours of trucks carrying plants and perishable foods from the EU…
The tech firm Raspberry Pi prepares for a London Stock Exchange IPO
The British technology firm Raspberry Pi confirmed its intention of flotation in the UK. This is a major boost for…
UK firms are accused of profiteering after a study found that margins increased…
Thousands of UK companies have exploited their corporate power to increase profit margins since the pandemic,…
Royal Mail owner supports a £3.5 billion takeover bid by Czech billionaire
The owner of Royal Mail backed an offer of £3.5bn from a Czech millionaire for the postal service after he…
JCB supplied equipment to Russia for months after saying that exports had stopped
British digger manufacturer JCB, owned and controlled by billionaire Bamford Family, continued to manufacture and…
China plans to buy millions unsold homes amid the property crisis
China may buy millions of unsold homes as part of an ambitious plan to address its current property crisis.…
Anglo American reduces fertiliser production at risk of 1,650 jobs
Anglo American has decided to delay and drastically reduce the Woodsmith Fertiliser Mine under the North York…
Before voting on Virgin Money’s takeover, the auditors will delay the vote.
Virgin Money UK shareholders will vote on the proposed £2.9billion takeover of Nationwide Building Society next…
Biden raises tariffs in China on electric cars and chips
The United States took another step to end an era of "free trade" with China, by increasing tariffs on imports of…
Vauxhall to sell cheap Chinese electric vehicles in UK and continental Europe
Global carmaker Stellantis will sell electric cars produced by its Chinese partner Leapmotor to Europe, including…
OpenAI’s GPT-4o model promises to improve smartphone assistants
One question that has been nagging me for the past year and a bit since the launch chatGPT is: If AI can do it, why…
Ozempic is a weight loss drug that can also be used to treat dementia and…
The drug has been in the news for a number of years, firstly as a treatment for type 2 diabetics and then as an aid…
London and UK Crown Dependencies are the launderers of nearly 40% of dirty cash
The deputy UK foreign secretary said that nearly 40% of dirty money is sent through the City of London, and other…
Investors bet record £300mn against BT
Investors bet a record £300mn against BT as the new chief executive Allison Kirkby is under pressure to reverse…
Novo Nordisk will test the effects of weight-loss drugs on alcohol consumption and…
Novo Nordisk wants to increase the use of its blockbuster treatments. It is testing their weight loss drugs to see…
Google’s latest AI advancement, ‘Project Astra,’ is now…
Alphabet, the owner of Google, has launched an artificial intelligence agent capable of answering real-time…