Jason Brewer, CEO of Marula Mining, discusses significant company progress with Share Talk. This includes the company's imminent listings on multiple stock exchanges, notable progress in lithium and copper projects, expansion ventures into manganese and graphite mining in Kenya, and the optimistic forecast regarding the company's growth and profitability.

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The EU will take a major step to confiscate a possible €27bn profit that could be generated by Russian assets in Europe, which are frozen for the next four-year period. This money would help finance the war effort in Ukraine. Officials from the European Commission will likely present a proposal that they consider to be […]

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UK start-ups have launched their technology overseas despite the regulatory uncertainty Industry chiefs warn that Britain is falling behind Europe in the development of driverless cars, as slow regulation forces new start-ups and their technology to move abroad. Mike Hawes is the chief executive of the Society of Motor Manufacturers and Traders. He urged the […]

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News of the sale of shares comes as owner of beer tries to reclaim all American reputation After a backlash due to an ad campaign featuring a female transgender influencer, the owner of Marlboro cigarettes will sell $2.2bn of shares (£1.7bn). Altria Group – one of the largest tobacco companies in the world – announced […]

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Transport Secretary threatens “robust” sanctions amid fears that low-cost models may flood Europe The Transport Secretary said that Britain would use “robust” sanctions to stop China from flooding car markets with cheap electric vehicles. Mark Harper warned on Thursday about the danger posed by Chinese companies pushing new low-cost models into Europe. He cited the […]

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Savills boss claims that the commercial property market has suffered more in the last year than even during the global economic crisis. In 2023, the property agent’s profit collapsed as he was no longer able to find work. Investors chose to stay put as borrowing costs rose and property values dropped sharply. Mark Ridley is […]

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The growth of the Danish economy last year was almost entirely due to Novo Nordisk Pharmaceuticals, the company behind the weight-loss injection. Statistics from Denmark’s statistical agency reveal that the drug industry in the country, which is dominated largely by Novo Nordisk, was responsible for the 1.8% growth of the economy in 2023. This helped […]

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The largest pharmaceutical company in Britain has signed a deal to buy a French company that specializes in rare diseases for more than $1 billion. This is part of its efforts to boost the pipeline of drugs. AstraZeneca agreed to purchase Amolyt Pharma. The biotechnology company is focused on endocrine disorders and backed up by […]

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Welsh Water has agreed to pay its customers £40million after misleading regulators regarding its performance in terms of leakages and water consumption. Ofwat, a water regulator, stated that the company has been providing inaccurate data to its customers for the last five years, in an “indefensible manner”. It ordered the company to pay compensation to […]

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John Lewis Partnership bosses have denied that they plan to separate their struggling department stores and Waitrose supermarkets. They have also ruled out the possibility of selling a share in the company to raise money. The industry has speculated that the Mutual Group could split their food and fashion divisions, amid fears that John Lewis’ […]

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Metro Bank has slashed hours and canceled the seven-day opening of its branches after losing 1,000 jobs. As part of an 80 million pound cost-cutting campaign, the high street lender , which was saved in an emergency fundraiser last October, , will no longer be open on Sundays. The early morning opening hours and late […]

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BP has halted negotiations on a $2bn deal (£1.56bn), which would have invested in an Israeli gasfield, as warfare with Hamas rages in Gaza. The British oil giant was expected, along with Abu Dhabi National Oil Company, to purchase a 50% stake in Tel Aviv listed NewMed Energy. This company is the owner of Leviathan […]

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As a result of growing concerns about the potential weaponisation of this technology by foreign militaries, the government is taking action against exports to foreign buyers. Exporters are prohibited from selling powerful Quantum Computers until they receive a license at the beginning of this month. Export Control Joint Unit which monitors sales of sensitive items […]

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Adidas has blamed an overstocked market for its warning that sales in North America will decline this year. The German sportswear company continues to sell trainers from the axed Yeezy collection, despite having announced in October 2022 it would terminate its collaboration with Kanye West immediately after the rapper’s anti-Semitic comments. Adidas’ first net loss […]

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Imports of energy, which are expensive, contributed to a larger trade deficit than anticipated at the beginning of the year. The official figures show that the UK’s trade deficit with the rest the world increased by £2.2 billion, to £13.8billion in the three-month period ending January. The increase in imports of £900m was mainly due […]

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The Bank of England governor acknowledged that policymakers have a difficult time with inaccurate data. He admitted that he wished that they had accurate numbers on unemployment. Andrew Bailey said to an Italian audience that the UK job market is close to 100% employment, despite an increase of borrowing costs. Bailey stated, “I wish that […]

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The CEO of MBDA (Europe’s largest missile manufacturer) has urged EU decision-makers to ensure the UK is included in the new strategy for the bloc to develop its defence industry, as the region seeks a response to increasing geopolitical tensions. Eric Beranger stated that, even though the UK left the EU on January 2020, it […]

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Volkswagen is looking at partnering with carmakers in order to produce electric vehicles that are cheaper. This will help the company compete with an upcoming wave of low-cost competitors from China. Oliver Blume, the chief executive of the world’s second largest carmaker, told a Berlin press conference that he plans to make an EV for […]

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A activist investor called on Glencore’s London listing to be moved to Sydney, and to abandon plans to spin-off its profitable coal division. Tribeca Investment Partners is an Australian hedge-fund that wrote to Glencore this week to offer a number of suggestions to increase the share price. According to the letter, the Australian fund said […]

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The US House of Representatives voted unanimously to approve a law that would prohibit app stores from selling TikTok, if the Chinese owner did not divest its ownership of video-sharing platform. Republicans and Democrats voted 352-65 to support the bill. President Joe Biden also supports the bill. Donald Trump is against it. In recent days, […]

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Rishi Sunak tried to stop the takeover by Abu Dhabi’s RedBird IMI of the Telegraph, by changing the laws to prevent a foreign country buying a British media organisation. The UK Prime Minister has proposed changes in legislation that is currently going through the parliament. This will, in effect prevent any foreign state owning, having […]

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Brexit has made it difficult to invest in the UK according to the CEO of the New York Stock Exchange, a former supporter of Britain’s separation from the EU. Jeffrey Sprecher is the founder and CEO of Intercontinental Exchange. He said that the UK has lost its value as a global trading center since it […]

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Nord Stream has sued insurers, including Lloyd’s of London, for more than €400m (£345m ) in damages over explosions which destroyed pipelines used to carry Russian gas into Europe. The Swiss company that operates the two Nord Stream pipelines in the Baltic Sea has filed a lawsuit at the High Court for damages related to […]

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Morrisons suffered a £1bn (£1bn) loss in the last financial year due to an increase in interest payments on debts incurred as a result of its private equity acquisition. As finance costs increased, the supermarket chain, acquired by Clayton, Dubilier & Rice for £10bn (USD10bn) in 2021, went further into the red during the year […]

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Superdry has been in discussions with an existing lender about a multi-million pound loan, as the fashion retailer struggles for a turnaround. The London-listed company said that it is in talks with Hilco, a turnaround specialist, about borrowing up to £20million as it attempts to return to more stable ground. It stated that it would […]

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Hornby’s annual revenue is expected to increase by 2 million pounds sterling after it adds Corgi racing cars to its model train collection and Scalextric racing car. The Frasers Group, owned by Mike Ashley, increased its investment in Hornby from 8.9% to 8.9% in less than a week. This made it the third largest shareholder […]

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The company that is behind the multi-billion pound project to export electricity from Morocco has considered an alternative option of sending electricity to Germany rather than Britain. Xlinks’ leaders, including Sir Dave Lewis, former Tesco CEO, plan to build 4.5 Gigawatts (GW) of wind farms, 7 GW of solar farms, and 5 GW of battery […]

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In South Carolina, a Boeing whistleblower was found dead. He had been giving testimony in a suit against the company. John Barnett, who retired in 2017 from Boeing after 17 years’ service, later claimed that the company had serious safety problems. According to the BBC he had given evidence in a lawsuit filed by a […]

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Persimmon warned investors that they should prepare for another “challenging year” as the company became the latest to announce a sharp drop in profits. The FTSE-100 listed developer, which is one of Britain’s largest, has said that despite some improvements since the beginning of the year the bosses expect market conditions to “remain subdued through […]

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Lego warned that the bottom line of its business would continue to be under pressure in 2019. In 2023, the Danish plastic brick manufacturer, founded in 1932, and still family-controlled, posted revenues of 65.9 (£7.55billion), up by 2 percent from last year. However, net profits fell to 13.1billion, a 5 per cent drop. Lego remains […]

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Coca-Cola UK, Formula One Marketing, and Reckitt all rank among the “rogues gallery” of slowest payers of invoices by small businesses in Britain. They take an average of 110 days to settle their bills. Good Business Pays (which campaigns for fairer treatment of vendors) analysed more than 5,000 public filings to identify late and slow […]

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After gaining the support of the majority of EU member states, new laws designed to enhance the rights of gig workers in the EU who are contracted by companies like Uber were saved from oblivion. Last month, a group had blocked the legislation when France refused to support the text and Germany voted against it. […]

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Think tank warns that the shift in welfare benefits following the pandemic discourages unemployed people from seeking employment. A surge in the number of benefits being paid to those who don’t have to work after the lockdown could lead to a permanent abandonment of their jobs by nearly four million people. Policy in Practice warns […]

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US natural gas producer EQT announced that it would purchase a pipeline company it had previously owned. This will create a $35bn fully integrated company. The domestic energy industry continues to be awash with mergers and acquisitions. In 2018, EQT, a Pittsburgh-based company that is one of the US’s largest natural gases producers spun off […]

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Rishi Sunak might give ministers the power to prevent a foreign country from owning an English news organization.This comes as the pressure from the Conservative Party to block the takeover by Abu Dhabi-backed RedBird IMI of Telegraph Media Group is increasing. According to sources close to the situation, the British Prime Minister is looking into […]

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According to the government, abandoned mines release at least 500 tonnes per year of toxic metals into the Welsh environment. According to Natural Resources Wales, a Freedom of Information Request revealed that 129 sites “certainly or highly likely” are causing the failure of water quality criteria. The Welsh government has estimated that “350-500 tons” of […]

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The biggest British publishing houses have warned dozens of tech companies that they will need to pay to use the content in books, journals, and papers for their artificial intelligence models. The Publishers Association expressed “deep concern” for its members, including Penguin Random House HarperCollins, and Oxford University Press. It believes that”vast quantities of copyrighted […]

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Admiral Group has defied a listless FTSE 100, after a City broker praised Britain’s largest car insurance provider. Berenberg analysts believe that despite the nervousness of investors that prices for motor insurance will drop, the City does not realize how far Admiral has surpassed the rest in terms of pricing. The analysts believe there are […]

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Within weeks, institutional investors could trade mainstream crypto-backed securities in London after the Financial Conduct Authority relaxed its blanket opposition to the asset class. The London Stock Exchange, after the FCA capitulated, immediately announced that it would accept applications for the creation of tradeable securities, known as exchange traded notes, linked to bitcoin and Ethereum, […]

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Sainsbury’s boss warns that new government policies to make farming more sustainable may harm Britain’s food supply and cause more imports. Simon Roberts is the chief executive of Britain’s second largest supermarket chain. He said that the UK food system was “at a crossroads”, because environmental issues like climate change, biodiversity loss, and inconsistent government […]

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When it won the UK’s largest contract in the public sector, the company that runs the UK’s national lottery borrowed millions from Kremlin owned banks. VTB and Sberbank were two of Russia’s largest lenders. They formed a syndicate to lend €640m (£545m ) to Allwyn by 2020, just two years before Allwyn was selected as […]

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Hedge funds have threatened to withdraw their investments from India due to controversial new rules that were introduced as a response to the short seller attack last year on Adani, which is one of India’s largest companies. According to the rules of Indian regulator Sebi for Indian stock markets, big foreign investors, including hedge funds, […]

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Saudi Aramco increased its dividend by almost $100 billion as it reported its second highest annual profit ever, despite lower oil prices and the state-led production cutbacks that weighed on performance. The company reported that the net income of the state-owned firm was $121bn in 2018. This is down by about a quarter compared to […]

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According to rail and logistics operators, the demand for goods to be transported from Asia to Europe via Russia has increased since the Red Sea Crisis began. This is boosting the finances of Russia’s state-owned railway monopoly. DHL, a German company, said that requests for goods to be transported on the Russian rail route had […]

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Great British Nuclear (GBN) has postponed deciding where to build the first mini-nuclear power reactors until after the next elections due to concerns about potential lawsuits from contestants. The agency in charge of promoting a “nuclear Renaissance” said it would choose small modular reactor designs for public support in the spring and give development contracts […]

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Labour hired former Bank of England Governor Mark Carney, and Barclays boss to unlock billions of pounds of private investment. was forced to abandon a pledge to spend £28bn on green projects. Rachel Reeves has appointed Britain’s top business leaders to advise on how to raise private investment via its proposed National Wealth Fund. Ms […]

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Bahraini McLaren owners have hired bankers in order to sell their stakes in the British automaker after investors forced it to inject £1.5bn to support it in the aftermath of the pandemic. Mumtalakat is Bahrain’s sovereign fund, which owns a 50% stake in McLaren Group. It was reportedly instructed by King Hamad Bin Isa Al […]

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Adam Winslow is the new boss at Direct Line and he will be presenting some of his plans to turn around the troubled insurer. He must also fight off an Ageas takeover bid of £3.1 billion. The former Aviva executive joined Direct Line just a week after the news broke of an unwanted takeover. Direct […]

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Rene Benko, the self-styled tycoon of Selfridges and Signa, has filed for bankruptcy following the collapse of his real estate empire. In the most recent chapter of Mr Benko’s fall,, the embattled entrepreneur filed for personal bankruptcy in Austria four months after the collapse of his company Signa. Signa, which is still a shareholder of […]

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From April, thousands of small businesses and self-employed people will not be required to charge VAT at 20 percent. The threshold for VAT registration has been raised from £85,000 up to £90,000. This is the first increase in seven years. Jeremy Hunt stated that the move will cost approximately £445million over five years and “will […]

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Rentokil Initial’s biggest acquisition to date has begun to pay dividends for the company, once known as the “royal rat catcher”. The FTSE 100 group in pest control reported a 44 percent increase in profits before tax in 2023, to £766 millions, and revenues increased by a similar percentage, to £5.3 billion. This was all […]

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Aviva’s boss has intensified her efforts to turn around the insurer. She is implementing a plan that will boost cash returns to investors and increase annual profits by £2 billion within three years. Amanda Blanc stated that the group is “moving faster than ever before”, as they posted an increase of 9 per cent in […]

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The group that owns Ladbrokes, Sportingbet and other gambling brands revealed a £40-million hit to its earnings in 2024 due to regulatory headwinds from Britain and the Netherlands. This prompted analysts at the company’s parent company to lower their estimates. Entain’s share price dropped immediately after the news, by 37 1/2p or 4.5 percent, to […]

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ITV’s boss believes the advertising market has recovered from last year, which she called the worst recession since the global financial crisis. The profits of Britain’s largest free-to-air broadcaster dropped by over half, to £193 million before tax, in 2023. This was down from £501million the year prior, due mainly to a decline in traditional […]

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After lowering its natural gas price projections, Britain’s largest oil and gas producer anticipates generating less free cashflow this year than expected. Harbour Energy’s free cashflow will be “marginally” positive after cutting its forecast of gas prices to 70p per therm this year, down from $100p in January. It also maintained its expectation for an […]

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Regulators warned that the number of US problem banks has increased by 18%, while New York Community Bank, led by Steven Mnuchin, former US Treasury Secretary, stabilised itself with a $1bn in capital raised. The recent struggles of NYCB have highlighted the continued fragility among some US lenders, 12 months after Silicon Valley Bank’s failure […]

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Nationwide Building Society reached an agreement with Virgin Money to purchase it for £2.9bn. This deal would make Virgin Money a stronger competitor to the UK’s largest banks. After a failed attempt to enter business banking during the pandemic, the acquisition would also allow Nationwide’s share of the mortgage industry to grow. Debbie Crosbie, chief […]

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Gold’s price has soared to record levels, driven by investors looking for safe havens and central banks. According to LSEG, the yellow metal reached $2,141 an ounce, which was a record, surpassing the previous record set in December of $2,135. However, the gains were quickly pared back to trade at $2131, up 0.8 percent on […]

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Campaigners have urged regulators to stop Capital One’s $35bn acquisition of Discover. They say that the deal is “dangerous and illegal” and should be stopped. A coalition of over a dozen advocacy organizations urged the Federal Reserve to intervene and the Department of Justice, warning that the combination of two of the biggest credit card […]

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The UK division of fast-fashion firm Shein failed to disclose the ultimate owner, which is a violation of company law and could affect the firm’s planned plans to list in the UK. The UK law requires companies to declare the ultimate beneficial owner of their company – “person with significant Control” (PSC). Shein Distribution UK […]

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AstraZeneca will spend £650m to build a new factory for vaccines in Liverpool, and upgrade research labs at Cambridge. This comes almost a full year after the chief executive of AstraZeneca said that Rishi Sunak’s policies discouraged investment within the UK. The pharmaceutical giant announced it would spend £450m in Speke, Liverpool on the production […]

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Morgan Stanley says that the City deal drought is about to end as central banks begin to lower interest rates. This will encourage investors to release pent-up funds. Wall Street Bank calculated that private investors and corporate buyers have accumulated cash piles totaling $5.6 trillion, and $2.5 trillion, respectively. These funds can be used to […]

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OpenAI has responded to a lawsuit filed by Elon Musk. The suit claims that Musk walked away after failing to gain control of ChatGPT. The artificial intelligence company has published emails that show the billionaire endorsed the business strategy of the company. Musk filed a lawsuit against the ChatGPT maker he founded, claiming the organisation […]

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William Hill’s owner is considering leaving the US gambling market because of “intense” competition and high operating costs. 888 announced that it has ended its partnership, which was with Authentic Brands Group (owner of Sports Illustrated), through which it provided online sports betting to four US states. It will review all of its operations in […]

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Antonio Simoes told his colleagues in the weeks leading up to his formal debut as the new Chief Executive of Legal & General to the City that he has three priorities: To listen, listen, listen. He has stated that his parents worked in the insurance industry, but he himself has never done so. He wants […]

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Greggs’ steak bakes and sausage rolls are still popular in Britain, even after Greggs dethroned McDonald’s as the most popular breakfast place. Roisin Currie said that Greggs’ breakfast deal, which costs about£2.75 per breakfast roll with coffee, helped it to achieve bumper results for the full year. Greggs’ share of breakfast food-to go visits grew […]

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Spirent Communications, a London-listed company, has become the latest target for a takeover after its board backed a £1billion offer from an American competitor. Viavi Solutions’ all-cash bid for the FTSE 250 tech group was a good outcome for investors, according to the group. Viavi’s 175p offer represents a 61% premium to the company, which […]

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Monzo, a digital bank, has defied the downward trend in fintech valuations to secure a £4billion price tag for its latest fundraising round. The capitalG investment arm of Alphabet-owner Google, which is new to the lender in London, led the new funding with £340 million. HongShan, a Chinese venture capital company, has also joined the […]

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The Falkland Islands government has selected the shipyard responsible for building the Titanic as its preferred bidder to win a £120million contract for a new Falkland Island port. The Falkland Islands government selected Harland & Wolff, a Belfast-based company, for the project. Work on the two-year contract is expected to start later this year, subject […]

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IWG, the owner of Regus serviced offices, saw its revenues reach a record £3.34billion last year, as it benefited from the increasing popularity of hybrid work. Mark Dixon, IWG’s CEO and founder, stated that more people are returning to their office, “but it is not necessarily the headquarters”, that they work from. IWG instead reported […]

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Gazprom, the Russian gas company, plans to sell off its stakes across North Sea assets. It faces compensation claims of multi-billion dollar value from European gas companies due to its drastic reduction of pipeline gas supply in 2022. Gazprombank has filed a tender notice stating that the gas giant plans to auction its stakes in […]

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Brazil, Chile, and other major South American economies are calling on a US appellate court to reverse a record-breaking $16bn judgement against Argentina. The country was found to have violated shareholder rights last year when it expropriated the national oil company YPF. The decision by a New York court is causing problems for the new […]

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Berenberg has issued a call to investors who have suffered for BT. Berenberg questioned whether the shares of the telecoms company, which had fallen 15 percent since the beginning of the year, were too low. The mood at BT is tense. There are several factors that have been weighing on the company’s mind. These include […]

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Halma has acquired a company which makes devices for early detection and prevention cervical cancer. The FTSE 100 manufacturer of health and safety products has reached an agreement for Rovers Medical Devices to receive up to €91m. Rovers Medical Devices is the world’s leading producer of brushes that are used to collect cell samples for […]

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One man was blamed when cocoa prices reached the heights of this year. He is credited with causing the rise. Anthony Ward, the hedge fund trader nicknamed “chocfinger” after James Bond’s gold-hoarding villain Goldfinger made millions of dollars in 2010 by building up stockpiles. In the last year, new traders have flooded the cocoa market, […]

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Aviva returns to the largest insurance market in the world after nearly a quarter of century with a £242million deal to buy the Lloyd’s of London competitor Probitas. The FTSE100 company stated that the Lloyd’s Market represented “a significant source of untapped growing” which would allow it to expand both its corporate and specialty business. […]

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Apple was fined €1.8billion (£1.54billion) by European regulators because it stifled competition from rival music streaming services. Spotify has won a major victory in the long-running battle with Apple regarding rules that were placed within the App Store, which prohibited it from advertising subscription prices within its app. The European Commission stated that this led […]

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The Bank for International Settlements has stated that central banks around the world are forced to maintain high interest rates for many years as they fight wage demands, wars and trade disputes. The institution often known as central bankers’ central bank warned that “the job is still not done” despite the fact that inflation is […]

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The BBC has retracted its controversial merger of their world and domestic news channels, as the broadcaster’s new chairman warned that the corporation will face a struggle to remain relevant. In April 2010, the BBC News and BBC World channels were merged as part of a wider effort to reduce costs by £500m. This move […]

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Jaguar Land Rover’s Indian owner is spinning off its automobile division to prepare for an electric vehicle-centric future. Tata Motors announced Monday that its existing auto business will be divided into passenger cars and commercial vehicle. The first will concentrate on electric vehicles, while the second will produce larger vehicles like trucks and buses. The […]

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EasyJet founder, Sir Stelios Ioannou, has declared a truce in his long-running dogfight with airline “scoundrels” that culminated in an unsuccessful boardroom coup. Haji-Ioannou has admitted that his spat with easyJet’s chief executive Johan Lundgren, who still holds a 15% stake in the airline, was motivated by a fear easyJet wouldn’t survive the pandemic. Haji-Ioannou, […]

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The Body Shop administrators are closing dozens stores, despite the fact that they were profitable. The Body Shop collapsed dramatically last month, just weeks after being acquired by private equity firm Aurelius. FRP administrators have announced that 82 UK stores will be closing over the next 6 weeks. The Body Shop UK’s internal documents reveal […]

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The Observer has learned that the wildlife charity WWF-UK has shelved an important report warning of the damage caused by intensive chicken production to the River Wye. Tesco has donated more than £6m to the charity since 2018. Tesco has been under fire from campaigners for its role in the decline of Wye River because […]

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Saudi Arabia, Russia and other Opec+ countries have extended their voluntary cuts in oil production by another three months. They are trying to increase prices which have been subdued despite geopolitical tensions. According to Saudi Arabia’s state news agency, the curbs are expected to expire by the end March. However, they will continue to be […]

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The banks have raised the alarm about a “rapid increase” in people borrowing mortgages for more than 35 years. Nearly one-fourth of first-time homebuyers are now borrowing to retirement. New figures from UK Finance reveal that 23 percent of first-time homebuyers extended their mortgages to 35 years or more in December. They did this because […]

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Jeremy Hunt’s attempt to convince Shein , a Chinese fast fashion company, to list in London faces opposition from some British retailers’ biggest stores. High street leaders have been lobbying ministers about Shein’s alleged abuse of tax loopholes. This comes at a time when the retailer is considering choosing the UK instead of New York […]

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Former UK Olympian Robert Lemieux, and his wife, are excited for a big payday when the equestrian products retailer they founded almost two decades ago is sold for more than £150million. According to sources in the City, the shareholders of LeMieux have hired investment bankers at Clearwater International to examine strategic options before the company […]

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Major banks have demanded a crackdown against Apple, claiming that the tech giant has access to the transactions of millions of iPhone users. This will give Apple an unfair advantage in its push into financial services. The Financial Conduct Authority’s Practitioner Panel (FCA), which is made up of bankers and insurance executives has written a […]

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Sundar Pichai grew angry. Google’s much-heralded artificial intelligence bot Gemini had been launched in a disastrous and public manner, turning an opportunity for glory into a humiliation. Alphabet’s longtime CEO sent a memo last week to his 182,000 staff to let them know that this would never happen again. He wrote that “structural” changes were […]

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Mike Ashley’s Frasers Group bought out the administration of online bicycle retailer Wiggle as the retail giant continued to capitalize on the distress coursing throughout the industry. Frasers, owner of Sports Direct has reached an agreement to buy the intellectual property and brand of Wiggle as well as Chain Reaction Cycles. Wiggle is a new […]

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A start-up company that produces humanoid robotics has raised $675 millions from investors, including some of the biggest technology companies in the world. Microsoft, OpenAI, Nvidia, and Jeff Bezos the founder of Amazon all participated in the funding round that valued the Californian artificial-intelligence robotics company at $2.6 Billion. Brett Adcock started Figure in 2022 […]

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Stability AI denied accusations of copyright infringement by Getty Pictures, calling them “vague” and “general”. This is the latest conflict between a tech company and a creative firm over intellectual property. Stability, in a defense filed before the High Court, denied that Getty images available online are “highly desired” for training their artificial intelligence models, […]

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British Airways Group IAG’s financial performance is significantly better than what City analysts expected for 2023 as well as compared to 2019, the year prior to the Covid-19 travel restrictions. The group said that although business class passengers were slow to return after the pandemic the leisure market was strong, particularly among holiday travellers who […]

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Profits for the operator of Britain’s biggest and most controversial power plant have increased by more than tenfold as a result of higher energy prices. Drax’s profits before tax in 2023 will be £796m, compared to £78m a year earlier. Most of Drax’s profits were generated by its wood-burning facility in Selby (Yorkshire). Selby Plant, […]

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Ocado, amid a growing dispute over performance, has threatened to sue Marks & Spencer for a payment of multi-million pounds made as part of their online grocery partnership. Ocado Retail, the joint venture between M&S and Ocado Retail that was set up by M&S in 2019 has not met the goals laid down when M&S […]

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Morgan Stanley’s executive who is at the heart of the legal dispute with Mike Ashley said that he didn’t want to do any business with Ashley because he was worried it would harm the bank’s reputation. Simon Smith has denied having a personal animosity towards the Frasers Group owner, but admitted that he was “concerned” […]

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The goal of role reductions is to create cash that can be spent on luring customers back from competitors. Sainsbury’s plans to reduce costs by £1bn will see 1,500 jobs cut. The supermarket chain will simplify its operations by reducing the number of staff in bakeries, call centres, warehouses, and head office. Sainsbury’s is trying […]

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Jeremy Hunt has cancelled plans for a scheme which would have allowed first-time home buyers to enter the housing market with a 1pc down payment, only days after it was revealed that the Treasury had considered the move. Treasury insiders say the Chancellor has abandoned the taxpayer-backed plan ahead of next week’s Budget following a […]

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Polestar, a struggling luxury car brand in Sweden, has been given a funding lifeline of $950m (£750m), after Volvo dropped its support. The company, which is known as “the Tesla of Europe”, announced on Wednesday that it had received a three-year loan through a consortium of twelve banks, including HSBC Standard Chartered, BNP Paribas and […]

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If he wins the election, the PM will pledge to keep the Tory Party’s manifesto. If Rishi Sunak wins the next elections, he will keep the triple lock on pensions. This will make sure that payments keep pace with the cost of living for millions of people in the UK until the end of this […]

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