Food industry McDonald’s sales drop as customers avoid Big Macs Simon Rowe Jul 29, 2024 McDonald's sales have dropped for the first since the pandemic, as customers avoid more costly Big Macs. Fast…
Economy Boardrooms gearing up for growth Simon Rowe Jul 29, 2024 After Labour's overwhelming victory in the general election this month, optimism among senior executives of some of…
AI OpenAI, Europe’s answer will be launched in 2023. Now, it’s worth €6bn Simon Rowe Jul 29, 2024 Arthur Mensch is a Paris celebrity. The entrepreneur, who is also the chief executive officer of Mistral (Europe's…
Shares Reckitt Benckiser shares fall after Abbott ruling on bowel disease and baby… Simon Rowe Jul 29, 2024 The share price of Reckitt Benckiser has fallen to its lowest level in 10 years after a US Court ruled that a rival…
Stockmarket Analyzing Pennpetro’s Recent Surge: A Charting Perspective Simon Rowe Jul 27, 2024 In this analysis, we delve into the recent performance of Pennpetro following its significant royalty deal.…
Energy GB Energy’s tie-up with Crown Estate raises concerns about the future of UK… Simon Rowe Jul 26, 2024 Ed Miliband, the UK's energy secretary, announced the partnership between GB Energy, a state-owned company, and…
AI OpenAI launches ‘SearchGPT” in challenge to Google Simon Rowe Jul 26, 2024 OpenAI launches an online search engine in direct competition with Google. This opens up a whole new front in the…
US Bill Ackman cuts fundraising target by up to 90% for US fund IPO Simon Rowe Jul 26, 2024 Bill Ackman's fundraising target for his US investment fund Pershing Square USA has been slashed by up to 90…
Shares Unilever shares rise as the company defends its price increases despite higher… Simon Rowe Jul 26, 2024 Unilever, owner of Marmite, Dove and Ben & Jerry's, defended the price increases despite a higher-than-expected…
IT Gift cards that say ‘thank you for your support’ have been blocked by… Simon Rowe Jul 26, 2024 The cybersecurity firm CrowdStrike tried to give a $10 UberEats gift voucher as a thank you for the workers who…
Law Clifford Chance partners receive £2m payout Simon Rowe Jul 26, 2024 Clifford Chance's top partner pay increased by £40,000, to an average of £2,04 million. The City law firm has…
Technology US tech stocks have had their worst day since 2012. Simon Rowe Jul 26, 2024 Nasdaq 500 and S&P 500 experienced their biggest single-day percentage drops since 2022, after US technology…
Television ITV profits soar with big boost from Euros Simon Rowe Jul 26, 2024 ITV's first-half profits grew by 40 percent thanks to the Euro 2024 soccer tournament, strong dramas and an…
Economy After a three-year wait, Revolut receives a UK banking license Simon Rowe Jul 26, 2024 Revolut secured the long-awaited bank licence from City regulators. This will allow it to compete with high street…
Energy British Gas’ profits are down by 84 percent as the price cap is lifted Simon Rowe Jul 26, 2024 The owner of British Gas has seen its profits plummet dramatically due to a decline in wholesale gas prices and a…
Banking Savings by Lloyds customers are causing a decline in profits Simon Rowe Jul 26, 2024 The UK's largest domestic lender posted a decline in profits for the first half of the year as the interest rate…
IT The US Fortune 500 companies will lose $5.4bn due to a global CrowdStrike outage Simon Rowe Jul 25, 2024 Insurers estimate that the global outage caused by CrowdStrike’s faulty update would cost US Fortune 500 companies…
Economy The biggest barrier to US companies investing in Britain is tax fears Simon Rowe Jul 25, 2024 According to a BritishAmerican Business trade association, tax has surpassed political stability as the number one…