UK and Korea prepare for second AI safety summit in Seoul April 12, 2024 The UK and the Republic of Korea are gearing up for the second Artificial Intelligence (AI) Safety Summit, set to be held in Seoul on 21 and 22 May.
Ferrero Rocher, Nutella and Kinder Surprise owner hails sales surge April 12, 2024 UK sales have surged past £500m at the owner of confectionary brands such as Ferrero Rocher, Nutella and Kinder Surprise, according to new accounts.
Keir Starmer: Nuclear ‘triple-lock’ is ‘bedrock’ of Labour policy with 2.5 per cent of GDP for defence April 12, 2024 Keir Starmer committed Labour to spend 2.5 per cent of UK GDP on defence while saying a commitment to nuclear weapons was a 'bedrock' of policy.
Petrofac mulls equity issuance as it battles to stay afloat April 12, 2024 Oil and gas exploration company Petrofac currently remains "in discussions" with its lenders over restructuring its massive debts, suggesting options such as exchanging equity in the business.
R&Q Insurance expects large ‘adverse development’ on loss reserves April 12, 2024 It announced in October that it had entered into a conditional agreement to sell Accredited, its programme management business, to private equity investment manager Onex Corporation.
Sigmaroc nets £214m revenue as chief hails ‘transformational’ CRH acquisitions April 12, 2024 Sigmaroc has reported a strong first quarter, with its chief hailing a "transformational" €1bn deal to acquire a string of European lime businesses.
Competition watchdog issues warning on AI foundation models like ChatGPT April 12, 2024 The CMA said it is concerned about the concentration of market power among a handful of incumbent technology giants' AI models.
Premier Miton assets jump despite investors pulling millions from funds April 12, 2024 Asset manager Premier Miton saw investors continue to pull millions from its funds over the last six months, but managed to bring its assets under management up due to strong investment performance and an acquisition.
National Grid reforms set to drive returns at Gresham House Energy Storage Fund and Harmony Energy April 12, 2024 Revenues from battery energy storage systems have jumped between February and March.
FTSE 100 today: London markets braced for quiet start; Q1 earnings and UK monthly GDP in spotlight April 12, 2024 Asian stocks remain quiet, gold hits new highs, and oil prices climb. Amazon reaches a record peak, while Fed officials remain wary of rate cuts. Focus now turns to Q1 earnings, the UK monthly GDP for February, and the preliminary US Michigan Consumer Sentiment Index for April.