After the Nvidelity comes the Huangover. Jensen Huang joins long list who confused boardroom and bedroom
Vanquis swings to profit with recovery ‘on track’ August 7, 2025 Bradford-based lender Vanquis swung back into profitability for the first half of the year following on from a bruising period in the last 12 months. The bank recorded a profit before tax of £6.2m, compared to a £91.9m loss for the second half of 2024. Net interest income remained stable with one per cent growth [...]
InsurTech funding slumps despite AI demand August 7, 2025 Global funding for InsurTech startups slumped in the second quarter of the year despite demand for AI as companies looked to the tech to help drive efficiencies and process claims. According to the second-quarter 2025 Global InsurTech Report, a collaboration between Gallagher Re and CB Insights, global InsurTech funding declined by 16.7 per cent quarter-on-quarter [...]
Exclusive: British Basketball Federation defends deadline extension for GBBL August 7, 2025 The British Basketball Federation says it was “entirely appropriate” to extend the deadline for GBBL, the company which will take over the licence to run the top-tier league next year, to prove it had the guaranteed capital required. GBBL, fronted by former NBA executive Marshall Glickman, was originally mandated to demonstrate it had £15.5m in [...]
Deliveroo: Earnings shoot up ahead of Doordash acquisition August 7, 2025 Deliveroo has announced a boost to its earnings driven by a ‘more resilient than expected’ consumer, although profit has taken a hit ahead of its acquisition by American delivery giant Doordash. Revenue rose nine per cent in the six months ended June 30, with orders up eight per cent, Deliveroo told markets this morning. Order [...]
Could this be Britain’s most expensive shed? August 7, 2025 As we report today, there’s been a nationwide downturn in construction. The issue is especially acute in London – the place housing is needed most – where the number of new home starts is hurtling towards zero. At this rate, there is just no way the government will meet its target of building 1.5m new [...]
If BBC battle change, is it time to abolish sport’s Crown Jewels? August 7, 2025 With change needed to ensure lesser followed sports get their time in the spotlight, is it time to abolish the Crown Jewels and ditch the BBC for some coverage? What I know about aquatics could be scribbled with a waterproof Sharpie on a pair of skimpy Speedos. I do know, though, that swimming is one [...]
LIVE: Bank of England cuts interest rates to four per cent August 7, 2025 The Bank of England has slashed interest rates to the lowest level in more than two years at four per cent. The decision to cut rates from 4.25 per cent comes after members were told to vote for a second time after facing a split decision. It follows the Bank’s chief economist, Huw Pill, telling [...]
One bad apple: The rise of partner vetting at law firms August 7, 2025 In a highly competitive market, law firms are ramping up their vetting process for new partners to avoid issues down the line
Oxford Street’s new phone theft warnings are utterly depressing August 7, 2025 When demand emerges, the market will provide a solution and the internet is now awash with anti phone theft devices. Basic wrist straps are available on Amazon for a couple of quid, with more robust ‘retractable phone security tethers’ on offer for around £30. You can even get a body-worn strap system that looks like [...]
London pub scene ‘showing real resilience’ despite soaring costs August 7, 2025 The number of pubs in London has barely budged in the last decade despite heavy pressure on the capital’s hospitality scene. There are 3,523 pubs in the capital, only 10 fewer than in 2023 and just under the 3,530 venues recorded in 2017, according to data from the ONS. “The data shows it’s far from [...]