Nvidia: Analysts say “more juice for the orange” as share price spikes August 20, 2023 Ahead of its second-quarter results, American chip designer Nvidia is riding high after a successful first half, with shares skyrocketing over 200 per cent since January, and analysts foreseeing more gains. Nvidia, the S&P 500’s star of the year, is anticipated to report a 65 per cent year on year sales surge to $11.1bn (£8.7bn). Earnings [...]
HomeServe founder pours £110m in crusade to revive flailing British high street August 20, 2023 HomeServe founder Richard Harpin is injecting £110m of his own cash into medium-sized businesses, aiming to breathe life back into the UK’s beleaguered high streets. After cashing in on the sale of insurance company HomeServe to Brookfield last year for a cool £4.1bn, the home repairs mogul Harpin said he is trying to “help others [...]
M&S digital chief exits amid business boom August 20, 2023 The top dog behind Marks & Spencer’s digital growth is reportedly leaving the retailer just months after being promoted. Chief digital and technology officer Jeremy Pee, who landed the position in January, is understood to be leaving the business to return to Canada. According to a report in The Sunday Times, M&S’s co-chief executive officer [...]
Coca-Cola HBC faces questions over Russia operations August 20, 2023 Questions are being asked about the extent of Coca Cola HBC’s operations in Russia after a report suggested the firm has not fully withdrawn from the country despite pledging to do so. The London-listed firm, which is the European bottler for the Coca-Cola Company, said in March 2022 that it was suspending all operations in [...]
Spike in UK car dealerships being snapped up as British firms go cheap August 20, 2023 UK car dealerships are increasingly being snapped up by overseas investors on the cheap amid a surge in dealmaking in the sector. There were around 20 overseas investments into UK dealer groups in the decade prior to 2019, while the three years post-Covid have already seen 10 transactions, with several set to be completed this [...]
Sunak pledges extra £100m to buy semiconductors as global AI race heats up August 20, 2023 Prime Minister Rishi Sunak is dedicating a further £100m of public funds to procure more semiconductors to help Britain in the global AI race. Through ongoing negotiations with tech giants Nvidia, AMD, and Intel, the government is looking to ramp up their chip supply and establish a national “AI Research Resource”, after a recent report [...]
EP: 222 Newbury & Ripon August 18, 2023 The Hungerford Stakes (Group 2) and the Geoffrey Freer Stakes (Group 3) are the highlights at Newbury this Saturday afternoon, whilst Ripon stage the Great St Wilfrid Handicap on one of their biggest racedays of the season. City AM Racing editor Bill Esdaile previews the best of Saturday’s racing action. Hosted by Chris Barnett. The [...]
We’re getting there, but there’s a long road ahead towards full Bitcoin acceptance August 18, 2023 Jason Deane reflects over a spell in Bali where, despite his best efforts, the notion of Bitcoin was only tentatively welcomed.
FTSE 100 live: London slow as retail sales dip and China concerns weigh UK down August 18, 2023 The FTSE 100 continued Friday in sluggish fashion as UK retail sales fell almost double the amount expected. London’s premier blue-chip index dipped as much as 0.8 per cent in early trading, slouching at 7,251.32, 0.8 per cent down by midday. Nearing market close, it fluctuated between 0.8 and one per cent with largest caller [...]
JD Wetherspoon chair Tim Martin hits out at Daily Mail article on panini and pint prices August 18, 2023 JD Wetherspoon issued a statement to the stock exchange this morning - confirming their ham and cheese panini comes with a free soft drink