In a move that sent Reddit (NYSE:RDDT) shares surging by 14% in after-hours trading, the social media platform announced a groundbreaking partnership with OpenAI, the creator of ChatGPT. This collaboration is set to revolutionize the way content is curated and conversations are facilitated on the Reddit platform. The partnership entails the integration of Reddit’s vast […]

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Avation PLC (LSE:AVAP) recently made headlines with its announcement to sell two ATR 72-600 turboprop jets to an Americas-based airline, securing net proceeds of over US$10 million (£7.9 million). The commercial aircraft leasing company is set to deliver the two jets by the end of this year and early next year, showcasing its commitment to […]

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The potential takeover of Royal Mail by Czech billionaire Daniel Kretinsky has sparked discussions around national security concerns. Chancellor Jeremy Hunt has stated that if shareholders accept the £3.5 billion offer, the government will closely analyze the situation from a security standpoint. Hunt emphasized the importance of foreign investment in British companies, noting that it […]

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Tesla Inc (NASDAQ:TSLA) has scored a victory in its efforts to expand its Berlin factory, despite facing considerable opposition from environmental activists. The decision to extend its gigafactory in Gruenheide, Germany, was recently approved by local councillors, as reported by German media outlets. The proposed expansion of the Tesla factory has been met with resistance […]

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Arecor Therapeutics PLC, listed on AIM as AREC, has been making waves in the healthcare industry with its innovative approach to diabetes and obesity treatments. In a recent interview with Proactive Investor’s Stephen Gunnion, CEO Sarah Howell discussed the company’s impressive performance in 2023 and exciting plans for the future. Strategic Growth and Global Partnerships […]

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Ocado Group PLC (LSE:OCDO) has long been a household name in the UK, known for its online grocery retail business in partnership with Marks & Spencer. However, behind the scenes, Ocado is striving to establish itself as a technology company, a lesser-known facet that has interesting implications for its future. Identity Crisis: Tech or Retail? […]

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Walmart has surpassed Wall Street’s expectations for profit and sales and increased its forecasts this year thanks to an increase in online sales. The largest American retailer, which has a large number of stores in the United States, and is often regarded as a bellwether to the economy, announced that its revenue for the three-month […]

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The oldest American equity index, the Dow Jones Industrial Average, broke through the 40,000 mark for the first-time on Thursday. It then slipped back to its second highest closing level. The Dow Jones Industrial Average, which began with 12 companies in New York in 1896, reached 40,040 in morning trading but reversed these early gains […]

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Shein will list in London in the next few months, as tensions between Washington DC and Beijing have slowed down plans to launch a major IPO in New York. Donald Tang, the executive chairman of the Singapore-domiciled company, said in an interview that the Singapore-domiciled firm had made “progress”, but not enough to convince US […]

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Sony Music has sent warning letters to over 700 artificial intelligence developers around the world and music streaming services in an effort to combat tech groups that are ripping artists off. The Sony music letter, seen by many, prohibits AI developers using the music of artists like Harry Styles and Adele, and also opts out […]

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BT’s first female boss, who pledged to reduce costs by £3bn and heavy investments in broadband upgrades, led the company to its best day since the dotcom bubble. Allison Kirkby who became the new chief executive officer of the former state-monopoly in February has promised to save more money by the year 2029, after the […]

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Unilever is keeping its Russian ice-cream business, despite plans to sell its frozen dessert brands. Magnum and Ben & Jerry’s owner, Unilever, is considering a possible sale or IPO for its ice-cream brands. These brands generate annual revenues of about €8bn (£6.9bn)  and are valued at around €8bn. Unilever announced on Thursday that it would […]

The post Unilever will continue to make ice cream for Russians as the country is left out of Unilever’s spin-off plan appeared first on Stockmark.IT.

The biggest British defence companies are in line to bid for a £1.6bn Royal Navy Supply Ship contract, amid fears that the company tasked with fulfilling it may collapse. A Government source confirmed on Thursday that rival companies will be asked to manufacture three Fleet Solid Support warships if Harland & Wolff – the Belfast-based […]

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Chevron, the US oil giant, has announced that it will leave the North Sea after more than 55 years. This announcement comes just a day after Jeremy Hunt rejected industry requests for support in a private meeting. Chevron announced that it was leaving the region after a review of its global operations. The company wanted […]

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Ministers have agreed to start digging a 650ft deep pit in England this decade. The facility has not yet been allocated a location, but it will house some of the 5m tonnes of waste generated by nuclear power plants over the last seven decades. The 17 nuclear waste storage plants currently operating around the country […]

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In a dispute that has cast doubt on the future of Harland & Wolff, the Belfast shipbuilder responsible for the Titanic, the UK government is divided over a financial assistance package. Whitehall officials say that the Treasury is hesitant to approve a loan guarantee facility of £200mn backed by taxpayers, whereas three rival Ministries — […]

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Eurostar is planning to purchase up to 50 new trains, and it’s considering adding more international routes to London in order to capitalize on the “huge demand” of rail travel throughout Europe. Gwendoline Czenave is the chief executive officer of the train operator. She told T that the company was “in a race” to expand […]

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Burberry’s profits fell by 40% over the past year due to a general slowdown in luxury goods demand that has affected sales in Asia, and Americas. In its preliminary results published on Wednesday, the high-end UK retailer of fashion posted a profit before tax of £383m. This is a 40% decrease from the £634m it […]

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Private landlords are claiming to be selling their properties, and some blame the uncertainty created by the government’s delays in reforming rental laws. According to official figures, more than 4/10 families that have requested temporary housing from councils after their private landlord terminated their tenancy were in a predicament due to the fact that the […]

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The UK’s most busy Brexit post is holding up to 20-hours of trucks carrying plants and perishable foods from the EU due to IT system failures. Businesses have called the new border controls by the government a disaster after IT failures caused lorries to be held up for long periods of time, reducing their shelf […]

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The British technology firm Raspberry Pi confirmed its intention of flotation in the UK. This is a major boost for the London Stock Exchange. Cambridge-based company, best known for its low-cost computers that help children learn computing, is a UK tech success story. It has sold 60m units globally since 2012. The company announced in […]

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Thousands of UK companies have exploited their corporate power to increase profit margins since the pandemic, redistributing wealth from employees to employers and shareholders, according to the biggest study yet of data since 2019. A trawl through the accounts of 17,000 companies by the trade union Unite found pre-tax profit margins were 30% higher on […]

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The owner of Royal Mail backed an offer of £3.5bn from a Czech millionaire for the postal service after he sweetened his takeover plan, creating a headache for the Government. Royal Mail’s parent, International Distributions Services, , rejected last month a preliminary offer of 320p per share or £3.1bn from Daniel Kretinsky. The part-owner and […]

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British digger manufacturer JCB, owned and controlled by billionaire Bamford Family, continued to manufacture and supply equipment for Russia’s market even after claiming it had stopped all exports due to Vladimir Putin’s invasion Ukraine. Russian customs records reveal that JCB – whose owners are major Conservative Party donors – continued to offer new products to […]

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China may buy millions of unsold homes as part of an ambitious plan to address its current property crisis. Beijing has reportedly been consulting with officials from local governments on proposals which would allow state-owned companies to buy empty homes in bulk from developers who are under pressure. Bloomberg stated that the proposals were still […]

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Anglo American has decided to delay and drastically reduce the Woodsmith Fertiliser Mine under the North York Moors. This decision could affect 1,650 British jobs. While Duncan Wanblad is Anglo’s Chief Executive, he insists that the business will still be “stonking” in the future, he reduced capital expenditures from $3 billion to $1 billion. Budgets […]

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Virgin Money UK shareholders will vote on the proposed £2.9billion takeover of Nationwide Building Society next week without having seen the audited results from the last half-year due to delays caused by the change in auditor. PwC resigned from its position as auditor due to an unidentified “conflict” of interest arising out of the Nationwide […]

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The United States took another step to end an era of “free trade” with China, by increasing tariffs on imports of “green” technology and other products. This includes a 100% tax on electric cars. The White House stated that the tariffs are necessary to protect American manufacturers in key areas from being harmed by dumping […]

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Global carmaker Stellantis will sell electric cars produced by its Chinese partner Leapmotor to Europe, including in the UK. It is criticizing Joe Biden for his decision to impose 100% tariffs on Chinese EVs that are imported into the US. Stellantis, a company that owns Fiat, Peugeot, and Vauxhall brands, will begin selling Leapmotors in […]

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One question that has been nagging me for the past year and a bit since the launch chatGPT is: If AI can do it, why does my phone’s Assistant still perform so poorly? The gulf between the two widened even more on Monday when OpenAI released a new model named GPT-4o (the ‘o’ is for […]

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The drug has been in the news for a number of years, firstly as a treatment for type 2 diabetics and then as an aid to weight loss. Semaglutide, also known as Ozempic and Wegovy, could have benefits for a variety of medical conditions ranging from dementia to addiction. GLP-1 and semaglutide slow the rate […]

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The deputy UK foreign secretary said that nearly 40% of dirty money is sent through the City of London, and other Crown dependencies. Andrew Mitchell said the Foreign Office will be putting pressure on crown dependencies, overseas territories and other countries to comply with UK legislation establishing public registers for beneficial ownership. Since the House […]

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Investors bet a record £300mn against BT as the new chief executive Allison Kirkby is under pressure to reverse BT’s falling share price. According to public disclosures, Canada Pension Plan Investment Board, BlackRock Investment Management and hedge funds such as AKO Capital and Kintbury Capital have all placed bets against the FTSE 100. According to […]

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Novo Nordisk wants to increase the use of its blockbuster treatments. It is testing their weight loss drugs to see if they reduce alcohol consumption and treat alcoholic hepatitis. The Danish pharmaceutical company started recruiting for a midstage trial to see if 240 patients with alcoholic liver diseases can be treated by semaglutide (the active […]

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Alphabet, the owner of Google, has launched an artificial intelligence agent capable of answering real-time questions across audio, video and text. The move is part of several initiatives to demonstrate Alphabet’s AI prowess and dispel criticisms that it had fallen behind competitors. Sundar Pichai, the CEO of Silicon Valley giant, demonstrated Project Astra, a new […]

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Jeremy Hunt said that the UK could create a $1tn domestic tech giant to compete with Microsoft or Google. He dismissed foreign bids on London-listed companies, saying they were “part of capitalism”. The chancellor is leading a regulatory revamp to make it easier to start-ups access funding to fuel their growth, and to stem the […]

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US semiconductor giant Intel entered exclusive discussions with Apollo Global for the financing of an $11bn chipmaking facility in Ireland. Large corporations are increasingly turning to private capital groups to fund expansion projects instead of banks. Intel is in discussions to raise funding for an aggressive buildout in semiconductor fabrication plants. This will allow it […]

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After a difficult period for the food and beverage division, Pret A Manger’s owner plans to increase its push into insurance . JAB Holding has announced plans to create a global platform for insurance and establish a business in asset management. The company also owns Krispy Kreme donuts and the beauty group Coty. Anant Bhalla […]

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After Emmanuel Macron’s charm offensive, the two largest pharmaceutical companies in Britain have committed £430m to France. AstraZeneca, GSK and other pharmaceutical companies have pledged to upgrade their facilities within the country in accordance with a major investment program announced by the French President on Monday. AstraZeneca is investing €365m (£314m), while will invest an […]

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BT said that it uses artificial intelligence more to detect and neutralise cyber threats targeting businesses. The £10.5bn Group aims to grow its business by protecting customers against online criminals. It has patent technology that uses AI for analysing attack data, allowing companies to protect their IT infrastructure. Hacking attacks on British businesses are commonplace. […]

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SoftBank, a Japanese tech investor, made a profit in the second quarter of ’18. It is trying to improve its performance before it makes large investments in artificial-intelligence. SoftBank has reported a net profit of 231bn (£1.18bn), compared to a loss of 57.6bn last year. Financial results were published on Monday. The investor’s third annual […]

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The traditional UK mortgage term is 25 years. However, with the escalating house prices, and now dramatically higher borrowing costs, many people are “going long” on home loans. Steve Webb, former minister of pensions, revealed on Monday that young homebuyers are increasingly being forced to gamble with retirement prospects when they take out ultra-long mortgages […]

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A council under scrutiny for a series of disastrous investments altered its rules to allow it to invest in the “junk bonds” fund of a Monaco-based financier. Warrington Borough Council removed a restriction against investing in high-risk bonds to make the deal happen. The council has been accused for failing to consult properly with elected […]

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The shares of the video game retailer GameStop nearly doubled on Monday when the day trader linked to the meme stock mania in January 2021 appeared on X, the first time in 3 years. Keith Gill (also known as Roaring Kitty and DeepF***ingValue) posted a drawing showing a man in a chair leaning backwards. This […]

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The FTSE 100 mining company rejected a sweetened £34 billion bid from BHP to acquire its Anglo American rival as “highly inattractive”. BHP revealed that it submitted a revised proposal for Anglo on Tuesday. However, just like the initial £31 billion proposal made last month, this is subject to Anglo’s South African iron ore and […]

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The new weight-loss jab outperforms its competitors, including Ozempic. It helps obese patients lose four stone in under a year. Retatrutide acts on three receptors in the mind, “turbocharging”, calorie burn while making people full. Weight-loss injections currently available only suppress appetite. The new treatment speeds up metabolism. Participants in a study presented at the […]

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The fast-fashion retailer Shein has accelerated its plans to float a record breaking in London. Reports claim that the Chinese-founded online retailer chose London as its listing location, after deciding against New York due to tensions between China & US. Shein is a Singapore-based company that plans to inform China’s securities regulator about the change […]

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Alibaba is leveraging its cloud computing infrastructure in order to become the leading investor for China’s artificial intelligence start ups. It offers them credits that they can use to access the limited network resources required to train models, rather than traditional cash-for equity funding. By investing in Moonshot, Zhipu MiniMax, and 01.ai, the Chinese ecommerce […]

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Apple has been warned by British newspaper groups that imposing a “web eraser”, a tool used to block ads, would threaten the financial viability of journalism. Apple will include a privacy feature based on AI in its Safari browser with the next iOS 18 update. This feature will remove unwanted ads and other website content. […]

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Grant Thornton expects to earn £46mn from the administration of Greensill Capital. This is one of the costliest insolvency processes undertaken in the UK. According to a report filed with Companies House last month, the accounting firm informed Greensill creditor that it expected to charge an additional £8.5mn of fees in the next year, which […]

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The first footage of Houthi Rebels hijacking cargo ship Galaxy Leader on the Red Sea in November last year sent shockwaves throughout the trade world. The coordinated attack against the ship, owned in part by Israeli billionaire Abraham Ungar was the beginning of a six month campaign by Yemeni militants terrorizing western vessels that use […]

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In 2019, when sommelier Erika Haig opened the UK’s very first independent sake bar in London’s West End, passers-by were confused by the drink advertised on the window and tried to order milkshakes. Haigh has opened Mai Sake in order to offer tastings and meals. You can go on a London sake bar crawl and […]

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After a significant cut in government shareholding, a leading US investor began to pour cash into NatWest after allaying fears of state interference in the bailed out banking group. Los Angeles-headquartered Capital Group, which is one of the world’s oldest and largest investment firms, with more than £2.5tn under management, has bought more than PS110m […]

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It has been revealed that South Korea’s nuclear state developer discussed the construction of a multi-billion-pound plant in Wales, with the UK government. Kepco, South Korea’s largest utility company, has had early-stage talks with Westminster officials regarding the development of the Wylfa Newydd on the island Anglesey. As part of the UK-South Korea civil energy […]

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Uber’s Chinese competitor is now laying the foundations for entry into the UK. This comes three years after was forced to stop plans to launch services in British cities. Didi Global acquired operating licenses in Rotherham and Rochdale in the last few months, allowing it to provide rides in Britain. The company also obtained planning […]

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How ‘Turbo Tufan quelled the flames on an engineering giant’s burning platform Tufan Erginbilgic, who took over Rolls-Royce just a few weeks ago, called a nervous staff to huddle at the company’s Derby headquarters. The Turkish executive, who was meticulous in his research and analysis of the FTSE 100 firm, spent the last month talking […]

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The UK claims a large part of the area in which Russia found its vast reserves. MPs warned that the surveys were a precursor to drilling rigs being brought in to explore this pristine area for fossil fuels. Russian research vessels have reported reserves of 511bn barrels – equivalent to North Sea 50-year production — […]

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Imaging Biometrics, a subsidiary of IQ-AI Ltd, has recently made a significant announcement regarding its lead drug candidate, IB-003. The US Food and Drug Administration (FDA) has granted Rare Pediatric Disease Designation (RPDD) to IB-003, marking a crucial milestone in the development of potential treatment for atypical teratoid rhabdoid tumors (ATRT). ATRT is a rare […]

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London-listed oil major BP PLC recently announced its first-quarter financial results, which fell below market expectations. The company reported a profit of $2.72 billion, missing the forecasted $2.87 billion and significantly lower than the $4.96 billion recorded in the same quarter last year. The decrease in profitability was attributed to weaker oil prices at the […]

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Shield Therapeutics, a pharmaceutical company focusing on iron deficiency treatments, has reported a significant increase in revenues for the year 2023. The company’s sales of its Accrufer/Feraccru iron deficiency treatment surged in the US market, resulting in revenues reaching US$17.5 million. This represents a remarkable 2.8 times increase compared to the previous year, with US […]

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ITV reported a complete drop in sales as the production arm of its company, hit by Hollywood’s writers and actors strike, overshadowed its more enticing advertising figures. The revenue for Britain’s largest commercial free-to-air broadcaster fell by 7 percent to £887 millions in the first quarter, compared with £952millions the previous year. ITV Studios, which […]

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An overseas investor is looking to take advantage of the cheap London market valuations by targeting a FTSE 250 engineering consulting firm. John Wood Group rejected a £1.4billion takeover offer from a smaller competitor, claiming it “fundamentally underestimated” the engineering consulting firm. Wood shares rose as high as 20% in early trading following speculation that […]

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Land Securities, the largest commercial real estate owner in the country, sold the last of its hotels to an investor from the United States. Ares Management, based in Los Angeles, paid £400 million to purchase the 21 hotels located across the country – from Southampton to Leeds. Landsec uses the money, which it valued at […]

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Officials at the London Stock Exchange grumble about the unfairness of the world. They complain that while high-profile IPO failures in Britain are remembered for many years, IPO disasters on the New York Stock Exchange are quickly forgotten, as locals look to the next big thing. This complaint is not without merit. Take Cazoo. Its […]

The post Cazoo crash, skidding down a 99.9% share fall, puts an end to the American dream appeared first on Stockmark.IT.

Rural bodies have warned that British farmers may be considering leaving their farms due to the recent record-breaking run of rainy weather, which has put the sector “on edge”. The Agriculture and Horticulture Development Board and the Soil Association expressed concern over the dangerous situations that many are facing in their industry. Profits were squeezed […]

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According to the Bank of England chief economist, high levels of immigration fuel Britain’s housing crises. He blamed skyrocketing rental prices on a lack of properties. Huw Pill claimed that higher interest rates are not to blame for the record-breaking rise in rental costs. These increased by 9.2pc over the past year. After net migration […]

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Spirit AeroSystems UK’s head has warned that the possible break-up of their Northern Ireland operations, in the event of sale, would be “extremely damaging” to the future of the company and the aerospace industry of the region. After Boeing announced in March that it was in discussions to purchase the troubled US Aerospace supplier it […]

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The UK government has scrapped plans for Britain’s biggest trial of using hydrogen gas to heat homes. This is the latest blow for the use of the gas as part the transition to net zero. Ministers announced that they would stop preparatory works on a project to replace fossil fuels with hydrogen to heat up […]

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A half-century ago, Philip Verleger, a well-known energy analyst and adviser to American companies that wanted to sue Opec over price fixing, became embroiled as a consultant in an antitrust fight. That failed. Verleger’s 2000 anti-Opec campaign also failed. Verleger, now 79 years old, is wondering whether a third attempt will finally — and unpredictably […]

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Apple apologized for an advertisement that showed musical instruments, art tools, and games being crushed with a hydraulic press. The ad had led to accusations of cultural insensitivity. Apple CEO Tim Cook launched the one-minute video to promote its new tablets. This is the first time in two years that the US tech giant has […]

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The Bank of England has indicated that it will cut rates if the inflation rate remains low this summer, even though it is keeping borrowing costs at their highest level in 16 years of 5.25 percent. Andrew Bailey, Governor, said on Thursday that a cut in rates during the next Monetary Policy Committee meeting, scheduled […]

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Cazoo, an online car retailer,has failed to secure funding The digital used-car business founded by the former Zoopla boss Alex Chesterman has filed an notice at the High Court that it plans to appoint administrator. The British car dealer has suffered a spectacular fall in fortunes. In 2021, the company was valued at more than […]

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High Speed 2 bosses, who will supervise its construction, are set to receive two massive drills before £1bn in vital funding is secured. The Government is yet to approve the start of tunnelling despite repeating plans to extend the HS2 to Euston after scrapped its northern leg last October. The uncertainty over funding forced HS2’s […]

The post The funding of the HS2 tunnel is being questioned by some over £1bn. appeared first on Stockmark.IT.

One of the most senior officials at the International Monetary Fund has stated that Brexit will likely have had “a large negative impact on the UK’s economy”. He cited the UK’s departure from the European Union, as an example of how trade fragmentation can be dangerous. Gita Gopinath said that the UK’s departure from the […]

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The French-owned company with a Derby site that supplied rolling stock to the Elizabeth Line asked its shareholders to contribute €1 billion in order to get back on track. Alstom, the company that operates the historic Litchurch Lane Train Works, has launched a rights offering as part of an €2 billion refinancing plan to avoid […]

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The boycott of Bud Light by consumers over a promotion with social media influencer Dylan Mulvaney, a transgender woman, continues to impact American sales. Anheuser-Busch InBev has reported a 9.1 percent drop in revenue in the United States for the first quarter, affecting the group’s revenues, which grew by 2.6 percent to $14.5 billion. The […]

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Figures suggest that DIY investors can achieve returns comparable to those of highly-paid City fund managers. Retail investors using Interactive Investor’s online platform have seen returns of 12.6% on average in the last three years. This compares to 10.7% for funds within the Investment Association 40-85% shares sector where managers invest a mixture of stocks […]

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Uber’s operating income was less than a quarter what Wall Street expected. The ride-hailing company reported that it had made $172 in the first three months of this year. This is far less than the analysts’ forecast of $600, but it was an improvement over last year when it lost $262 million. The company’s legal, […]

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Private motorists are continuing to avoid the zero-emission car market. At the beginning of the year, the Society of Motor Manufacturers and Traders predicted that 24 percent of all new vehicles registered in the United States would be zero emission vehicles. This was higher than the 22 percent target set by the government in its […]

The post UK Motor Trade Cuts Sales Forecasts for Electric Cars appeared first on Stockmark.IT.

Shell sold off its remaining chemical assets at Singapore as part of a recent effort to streamline operations and divest less profitable parts. Glencore, the commodities group and Chandra Asri, an Indonesian chemicals firm, will assume the physical assets and the commercial contracts of the refinery and chemicals assets on Pulau Bukom Island and Jurong […]

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Google DeepMind unveiled a model of artificial intelligence that explains the interactions of cells and life’s building block. This will help unlock disease secrets and develop treatments for cancer and other diseases. AlphaFold 3 is the third generation technology developed in 2018. It gives the most sophisticated predictions yet on how small biological structures will […]

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A company controlled Sir Paul Marshall, a hedge fund manager, lost a court battle with the South African Government over silver bars worth $43mn recovered from an Indian Ocean wreckage dating back to the second world war. The UK Supreme Court sided on Wednesday with the Pretoria government, which had claimed it didn’t owe Marshall’s […]

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Apple’s new iPads feature what the company calls “an insanely powerful chip for AI”, a sign of its growing focus on artificial-intelligence services. Just months after introducing the M3 chip with new Macs, the company announced the “M4” for its latest iPad Pro device on Tuesday. Apple and Nvidia are rushing to produce more powerful […]

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Saudi Arabia’s state owned oil giant, the Saudi Arabian Oil Company (SAOC), is planning to spend almost £100bn on crown prince Mohammed bin Salman mega-projects despite a drop in profits. Aramco expects to pay $124bn this year (£99bn), compared with $98bn by 2023, to its shareholders. These are primarily the Riyadh government or sovereign wealth […]

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Buy-to-let is doomed by purpose-built flats for Gen Z The crumbling walls, dirt-coated appliances and crumbling ceilings of the TV series The Young Ones were all a part of the rite of passage. The chaos and filth that was glamorised in the 1980s surreal sitcom are no longer popular with Gen Z. The student housing […]

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Disney is cutting production of Marvel movies and TV shows amid fears that the demand for their work will be exhausted by so-called super hero fatigue. Bob Iger, Disney CEO, stated that the company will “reduce output” and “focus more on quality”, especially when it comes to Marvel . Marvel is known for franchises like […]

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The global debt reached a record $315 trillion ($250 trillion), as China and India continued to borrow despite geopolitical tensions, higher interest rates and other risks. The Institute of International Finance warned that the post-pandemic effort to reduce debt was coming to an ending as governments cut taxes while increasing spending in light of a […]

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The company says the decision was made purely for commercial reasons, as alternatives to jab have been developed. The Oxford-AstraZeneca Covid vaccination is being withdrawn from the market worldwide. This comes months after the pharmaceutical company admitted in court documents for the first that the vaccine can cause a rare but dangerous side effect. After […]

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Scientists have discovered a new genetic variant of Alzheimer’s that highlights the need for specialised treatments and prevention strategies. Researchers in the US found that almost all people with two copies of APOE4 (also known as APOE4 heterozygotes) are at risk of developing symptoms of this neurological disorder. This gene has already been linked to […]

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Emmanuel Macron, Ursula von der Leyen and others warned Xi Jinping that in order to rebalance the trade relationship with China, the EU must protect itself against cheap Chinese imports. They also urged China’s President to reduce support for Russia during its war in Ukraine. In a day-long meeting in Paris, French president Macron praised […]

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Qantas will pay A$100m (£53m) in penalties and A$20m to passengers as compensation for a legal dispute over the tickets it sold for cancelled flights. The Australian Competition and Consumer Commission’s (ACCC) fine is among the highest ever for an Australian carrier and the most significant in the industry. The ACCC filed a lawsuit against […]

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Banco Sabadell, a Spanish lender, has rejected BBVA’s €12bn bid for its takeover. The proposed deal is “significantly below” the value of its own growth prospects. Last week BBVA made a surprise bid for Sabadell. They said the merger of two Spanish lenders will create “one the largest and most robust financial entity in Europe”. […]

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According to a new report, millions of obese people cannot work or are less efficient. This condition may explain the record-high rates of economic inactivity in the UK due to illness. Think-tank Institute for Public Policy Research is urging the government to stop treating the obesity epidemic as an individual issue and instead focus on […]

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A 40mph wind blows in Port Talbot on a sunny day, causing white horses to froth in the bay. Offshore wind turbines in the North Sea would be spinning furiously. The Celtic Sea is too deep for turbines to be attached to the seabed. This energy is wasted. There are plans to capture wind power […]

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Heineken invests £39 million in the UK to upgrade and reopen more than 600 pubs that have been closed for a long time. Refurbishments will be carried out in approximately a quarter (2400) of Heineken’s pubs, which make up the Star Pubs estate. They will include new lighting systems, sound systems and different furniture styles […]

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Warren Buffett has heaped praise upon Apple, despite investing billions of dollars in the iPhone maker. The investor called the iPhone “one of greatest products” and possibly “the greatest product of all times”. He said that the technology giant was a “better business” than American Express and Coca-Cola – two of Berkshire Hathaway’s oldest and […]

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Retail investors may receive a bonus share of NatWest if hold the stock for more than a year. This is part of plans by ministers to privatise some government shares of the bank in a Tell Sid style. The plan is to sell NatWest shares in a mass market, something that Jeremy Hunt, chancellor of […]

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Rishi Sunak, who announced last month a £75billion boost in funding for the British Defence Industry over the next 6 years, was disappointed. The share prices of BAE Systems, and Rolls-Royce – the two largest defence contractors in the UK – spiked by three percentage points within a 24 hour period. However, this soon dropped. […]

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Cambridge University launched a new strategy to capitalize on the research done by its academics in order to become a “world leader” when it comes to creating science-based businesses. Diarmuid OBrien, the head of the university’s efforts in commercialising the innovations that come from the academic world, stated the goal to double the number start-ups […]

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The long-delayed plan to store radioactive waste produced over decades The UK’s largest, most expensive and longest-lasting infrastructure project is expected to be a vast nuclear graveyard subsea that will hold Britain’s growing piles of radioactive material. The project has been so delayed that Britain must now excavate tunnels across 36 square kilometers of rock […]

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