Financial Robert Walters warns of recruitment sector’s profits Simon Rowe Jun 15, 2023 Robert Walters warned that its profits would be "significantly" lower than expected this year, which led to a steep…
Artificial intelligence Larry Fink, BlackRock’s CEO, predicts AI will solve the productivity crisis Simon Rowe Jun 15, 2023 BlackRock's Larry Fink predicted that "transformative opportunities" for artificial intelligence would solve the…
Banking The dollar-pound exchange rate has reached a 14-month high as the market is… Simon Rowe Jun 15, 2023 The pound has reached its highest level versus the dollar since April 20, 22. This is due to strong economic data…
Financial VW Group’s flagship brand VW targets €10bn in cost savings by 2026 Simon Rowe Jun 15, 2023 Volkswagen's flagship Brand aims to reduce costs by €10bn by 2026 in order to increase earnings on a market that is…
Business Vodafone and CK Hutchison have agreed to a UK mobile merger Simon Rowe Jun 15, 2023 Vodafone and Three's owner CK Hutchison warned that vital investment in 5G networks would be curtailed unless the…
Markets WE Soda withdraws £7.5bn London IPO, a blow to the City Simon Rowe Jun 15, 2023 WE Soda's plans to launch a $7.5bn London IPO have been abandoned, a blow to the UK equity capital markets which…
Banking Rishi Sunak is under pressure after HSBC increases mortgage rates a second time… Simon Rowe Jun 15, 2023 HSBC has raised mortgage rates for a second time in a row. Other lenders are expected to follow suit, increasing…
Economy Federal Reserve announces two additional rate increases but skips the current one Simon Rowe Jun 15, 2023 Powell defends decision to pause tightening campaigns in the face of persistently higher inflation .The Federal…
Food industry Y0! Zensho buys Sushi Owner for $621m Simon Rowe Jun 14, 2023 The Yo! The Yo! Zensho Holdings, a Tokyo-based company, is buying Snowfox Group from Mayfair Equity Partners –…
Energy British Gas’s huge profits fuel a row about energy bills Simon Rowe Jun 14, 2023 The regulator has increased the price cap in order to compensate for setting it too low previously. Profits are…
Companies Sainsbury’s, Asda and land banking ‘harmed customers’ Simon Rowe Jun 14, 2023 Sainsbury's, Asda and the Competition Watchdog have both been accused of breaking land-use laws in order to prevent…
Media Elon Musk’s Linda Yaccarino, the new CEO of Twitter, rallies her staff to… Simon Rowe Jun 14, 2023 As she tries to win back advertisers, the new Twitter CEO has pledged to turn it into "the most accurate source of…
Mining Norway wants to open up vast ocean areas to deep-sea mines Simon Rowe Jun 14, 2023 First country to mine battery metals on ocean floor .Norway’s government is readying plans to open an area of ocean…
Agriculture Bunge buys Viterra, backed by Glencore, in an $8.2bn deal Simon Rowe Jun 14, 2023 Bunge, a global crop merchant, will buy Viterra for $8.2 billion in cash and shares. This deal creates a giant…
Artificial intelligence The European launch of a four-week old AI startup raises €105mn, a record amount. Simon Rowe Jun 14, 2023 A French start up founded by three former Meta and Google artificial-intelligence researchers four weeks ago has…
Politics Kremlin announces windfall tax for oligarchs to raise Rbs300bn Simon Rowe Jun 14, 2023 The Kremlin continues to be stretched by the Ukraine war, so Russia announced a windfall-tax on large companies. It…
Artificial intelligence Javid says money for UK supercomputer project ‘needs billions of… Simon Rowe Jun 14, 2023 Sajid Javid, the former British chancellor, warned that Britain's £900mn supercomputer plan will be far too modest…
Economy UK grocery spending surges as food costs rise Simon Rowe Jun 14, 2023 Retail sector data points to reduction in discretionary purchases as consumers pay more for staples .High food…