GSK raises £1.25bn as it offloads final stake in Haleon May 17, 2024 The move separates the companies after a carve-up twoo years ago that saw GSK spin off and float its consumer arm as Haleon, amid fears the division was weighing on the growth of its dedicated healthcare business.
Getir suppliers allegedly left unpaid as rapid delivery firm races for the exit May 16, 2024 Rapid grocery delivery firm Getir has allegedly left some of its UK suppliers with huge unpaid bills after scrambling to exit its international markets over the past month, City A.M. understands.
Why pension trustees need to embrace a ‘win-win’ and back British firms May 16, 2024 Pension trustees must embrace a “win-win” and begin backing Britain’s homegrown tech companies if younger Brits are to retire with comfortable pension pots, the founding chief of the British Business Bank has warned.
Labour to launch AI strategy within a ‘couple of weeks’ as election priming continues May 15, 2024 Peter Kyle, Labour's shadow technology secretary, yesterday evening teased an audience of business leaders with the party's AI plans.
Watchdog to warn tech leaders over data protection in AI May 15, 2024 The UK's data watchdog chief is set to warn tech businesses that they must "bake in" data protection at every stage of developing artificial intelligence technologies in order to properly protect people's personal information.
Klarna lawyers drafting contracts with ChatGPT and 9 in 10 staff using AI everyday May 14, 2024 But the adoption of AI at Klarna has impacted its hiring strategy. The firm recently said that AI was doing the job of 700 full-time workers.
AI washing: How companies are using AI hype to bump up their share prices May 14, 2024 Overplaying claims about artificial intelligence in the hope of creating a 'halo effect' around their company and boosting their stock price is a new fad, spanning across a variety of sectors.
London-listed IQGeo shares soar as board agrees private equity takeover May 14, 2024 IQGeo said it has received binding agreements to accept the takeover by private equity firm KKR from several shareholders.
Ensilica: Oxford chip designer shares tumble as ‘slower’ UK economy blamed for contract delays May 14, 2024 Ensilica has designed three new chips for smartphones and artificial intelligence, which it said will lead to long-term revenues.
Flutter US rally continues as it moves HQ from London to New York May 14, 2024 In May, shareholders voted to move Flutter's primary listing to the US, with boss Peter Jackson calling it a "natural home" for the group.