AI Mistral receives €600mn in funding after valuation soars up to €6bn Simon Rowe Jun 12, 2024 Mistral AI is a Paris-based artificial-intelligence start-up that has raised €600mn at a valuation close to €6bn.…
Media Shari Redstone concludes talks with Skydance Media on deal to control Paramount Simon Rowe Jun 12, 2024 Shari Redstone ended negotiations with Skydance Media on a deal which would have transferred control of the…
Financial France’s conservative leader calls on pact with the far right Simon Rowe Jun 12, 2024 Ahead of the snap legislative elections scheduled for June 30, which have caused financial markets to tremble, the…
Interest rates Rachel Reeves warns Bank of England against changing the way it pays interest on… Simon Rowe Jun 12, 2024 Rachel Reeves, the shadow chancellor of England, has warned of "the dangers" of changing the way the Bank of…
Rail industry FirstGroup, a rail company, plans to increase Lumo services at a reduced price Simon Rowe Jun 12, 2024 FirstGroup the British transport operator applied for two additional "open access" services, outside of the main…
Retail Four major UK supermarkets accused by the UK of misleading claims about… Simon Rowe Jun 12, 2024 The best thing since sliced toast. The smell of hot baked goods attracted shoppers who preferred a more fresh…
Retail Two former BHS Directors ordered to pay at minimum £18m for wrongful trading Simon Rowe Jun 12, 2024 The two former directors of the BHS department store chain have been ordered by the court to pay at least £18m for…
Companies British company accused of providing NHS with ‘faulty Covid tests’… Simon Rowe Jun 12, 2024 A British biotech company that produced thousands Covid-19 tests for the pandemic agreed to pay £5m in settlement…
Business Neil Woodford’s former team of stock pickers disbanded when demand for… Simon Rowe Jun 12, 2024 The dissolution of the investment team led by Neil Woodford, whose London-listed stocks have been losing interest.…
Banking Tax increases are inevitable because of the losses from quantitative easement Simon Rowe Jun 11, 2024 Goldman Sachs warned that tax increases are "inevitable", as the legacy of quantitative ease from the Bank of…
Brexit The euro falls to its lowest level in two years against the pound, as EU is still… Simon Rowe Jun 11, 2024 The pound rose to its highest level in nearly two years against the euro today, after populist gains in the EU…
Retail London listing of Boots canceled by American parent Simon Rowe Jun 11, 2024 Boots, owned by the American pharmacy chain CVS, has canceled plans to list the high-street retailer on the London…
Drug research Eli Lilly’s Alzheimer’s drug receives support from US advisory panel Simon Rowe Jun 11, 2024 Eli Lilly's Alzheimer's treatment donanemab is getting closer to US approval after an independent panel of…
UK Tax HMRC to crackdown on private equity and professional service firms Simon Rowe Jun 11, 2024 The UK tax authority has launched a crackdown against businesses operating as limited liability partnership. This…
AI Apple will debut ‘Apple Intelligence,’ a new version of Siri with… Simon Rowe Jun 11, 2024 Tim Cook, Apple's CEO, announced Monday a series generative artificial-intelligence products and services during…
Economy Analysis shows that UK unemployment is rising faster than any other OECD country. Simon Rowe Jun 11, 2024 According to a report by the Trades Union Congress, the UK has the highest rate of unemployment among the 38…
Banking JP Morgan says that a Labour victory in the election would be a ‘net… Simon Rowe Jun 11, 2024 In an analysis which highlights the appeal of Keir Starmer’s “centrist platform” to the City of London, strategists…
Automotive Volkswagen sells solar panels to charge electric cars Simon Rowe Jun 11, 2024 Volkswagen will begin selling solar panels along with electric car chargers. The company claims that this move will…