Banking Election in the UK casts doubt on NatWest’s share sale admin May 23, 2024 A general election that was held earlier than expected has cast doubt on UK government plans for a mass public sale…
AI Nvidia revenue surges 262% due to record AI chip demand admin May 23, 2024 Nvidia's revenue increased 262 percent in the last quarter due to record sales of artificial-intelligence chips.…
Government Rishi Sunak announces UK General Election on July 4. admin May 23, 2024 Rishi Sunak took a big gamble when he announced an election on July 4. His Conservatives will now be involved in a…
Banking Citigroup fined for ‘fat-finger’ error which led to £1.1bn in mistaken… admin May 23, 2024 Financial regulators have fined Citigroup £61.6m after their internal systems failed in preventing a fat-fingered…
Mining Anglo American rejects BHP’s third offer of £38.6bn admin May 23, 2024 Anglo American rejected a third attempt at a takeover by BHP, after the Australian firm sweetened its bid in an…
Retail Marks & Spencer boss hails a ‘growth story” as annual profits… admin May 23, 2024 Marks & Spencer's boss says he hopes for a "growth tale" in the years to come after the retailer, which has…
Economy Jeremy Hunt’s plans to cut taxes are stymied as the government borrows more… admin May 23, 2024 Jeremy Hunt’s plans to cut taxes before the election have been stymied after higher benefits spending and lower tax…
Electric Vehicles Tesla sales fall as European electric vehicle subsidies are cut admin May 23, 2024 Tesla sales in Europe have plummeted after countries such as Germany and France cut subsidies to electric vehicles.…
Economy Even though inflation has fallen, traders bet against a summer rate cut admin May 23, 2024 Looming election and higher-than-predicted price rises push expectations back to November Investors are pushing…
Companies Mike Ashley is looking to form a joint venture with Crown Estate admin May 22, 2024 Mike Ashley has learned that he is considering a stake in the Princesshay estate of Exeter. This would be the first…
Property Meadowhall sold for £360m by British Land admin May 22, 2024 British Land sold its Meadowhall shopping center in Sheffield to a joint venture partner, a move that highlights…
Banking The card giants are facing a crackdown on fees admin May 22, 2024 Mastercard and Visa are facing a regulatory crackdown. The payments watchdog has said that the companies have too…
AI Microsoft improves “Copilot” in race against Google to create AI… admin May 22, 2024 Microsoft announced an improved artificial intelligence-powered personal assistant that supports the work of all…
Banking Bank of England Governor predicts “quite a fall” in UK inflation… admin May 22, 2024 Bank of England Governor said that he expects "quite a fall" in the inflation rate to be around the 2 percent…
AI Amazon delays order of Nvidia’s’superchips’ in anticipation of… admin May 22, 2024 Amazon's cloud computing division has decided to delay the use of Nvidia’s most advanced “superchip” in order to…
Food and Drink Industry Americans drink half as much coffee today as they did in 1940 admin May 22, 2024 Starbucks is struggling. There are a number of factors that may have contributed to the decline in sales, including…
Automotive Cazoo, an online car dealer, collapses in administration putting 200 job at risk admin May 22, 2024 Cazoo the online car dealer, once valued at $8.5bn (£6.3bn), is now in administration and 200 jobs are at risk.…
Drug Research AstraZeneca wants to double its revenues to $80 billion by 2030 admin May 22, 2024 AstraZeneca is the largest drug manufacturer in Britain. It has set a bold goal to achieve $80bn ($63bn) by 2030…