After the Nvidelity comes the Huangover. Jensen Huang joins long list who confused boardroom and bedroom
Domino’s: Higher employment costs and slowing sales dampen profitability August 5, 2025 New store openings at Domino’s have been lower than expected as it franchisees struggle with lower profitability in a tough market. Just 11 stores have been opened in the year to date, with new openings in the full year expect to be in the mid twenties as franchisees becomes “cautious… given increased employment costs,” Domino’s [...]
FCA boss rejects criticism of motor finance redress August 5, 2025 The head of the UK’s financial watchdog has pushed back at industry claims that the wide scope of the motor finance redress scheme is “impractical”. Nikhil Rathi, chief executive of the Financial Conduct Authority said: “We know it is difficult. But you can’t say the law has been broken and it is too difficult to [...]
Diageo: Profit at FTSE 100 giant tumbles despite Guinness growth August 5, 2025 Profit at FTSE 100 giant Diageo has fallen far short of expectations as high costs hammer the drinks giant. Net sales fell 0.1 per cent to $20.24bn (£15.24bn), Diageo told markets this morning, below analysts’ expectations of 1.4 per cent. It expects next year’s organic sales growth to be flat, and for organic operating profit [...]
Spectris bidding war intensifies as KKR submits fresh offer August 5, 2025 The private equity bidding war for precision instrument business Spectris has stepped up a gear after New York-based KKR stepped in with a fresh offer that values the business at £4.8bn. The offer of 4,175p per Spectris share outflanks a fresh offer made by Boston-based Advent of 4,100p per share on Friday, and represents a [...]
BP shares jump after oil major ups dividend and launches buyback August 5, 2025 BP shares jumped on Tuesday despite the firm recording a hit to profit and revenue in the first half of 2025 as weaker oil prices and lower trading performance weighed on takings. The London-listed oil major posted total revenue of $95.6bn (£72bn), down from 2.7 per cent from the same previous last year, while profit [...]
Gianni Infantino, Jay Shah and the rise of sport’s super-execs August 5, 2025 Infantino at Fifa and Shah at the ICC are styling themselves as super-execs like Musk and Zuckerberg but it won’t end well, warns Matt Readman. In sport, the best referees go unnoticed. They quietly manage the game, letting play flow and leaving the athletes to shine. Occasionally they must enforce the law, but they are [...]
Y-Combinator-backed agritech Supplant put up for sale after plunging into administration August 5, 2025 An agritech firm backed by the likes of Y-Combinator has been put up for sale after being plunged into administration, City AM can reveal. Cambridge-based Supplant, which had raised more than £25m in funding since launch, is now searching for a rescue buyer and will accept offers over just £2.5m, according to an insolvency marketplace [...]
London cocktail chain Simmons enters administration amid site closures August 5, 2025 London cocktail chain Simmons has entered administration after announcing plans to close at least four sites as it became the latest victim of the immense cost pressure facing hospitality firms. The upmarket bar group, which had operated more than 20 venues across the UK, has appointed advisory firm Kroll to oversee the administration, company filings [...]
Ordnance Survey: Financial services firms help boost sales to new record August 5, 2025 Profit at Ordnance Survey has slipped despite its revenue jumping to almost £200m during the historic company’s latest financial year. The Southampton-headquartered business, which traces its roots back to the reign of George III, has posted a pre-tax profit of £17.6m for the 12 months to 31 March, 2025, down from the £22m it achieved [...]
Migrant returns deal to begin ‘within days’ August 5, 2025 The UK’s migrant returns deal with France is set to begin “within days”, the government has said, as Home Office officials brace to defend the pact against any legal challenges after “learning from the errors” of the previous government’s Rwanda deal. In the first agreement of its kind, the UK will return dozens of illegal [...]