Rio Tinto announces another bumper dividend for investors despite profit slump as focus on cash flow pays off February 21, 2024 The world's largest iron ore producer reported underlying earnings of $11.8bn (£9.4bn) for 2023, down from $13.4bn (£10.6bn) a year earlier
‘Tax sandwich’ on offer despite Chancellor’s promise of March cuts February 21, 2024 Lower interest rate expectations are likely to increase the Chancellor's headroom from £13bn in the Autumn Statement to £23bn this spring, according to the Resolution Foundation.
Take down of Lockbit won’t stop the hackers, warn security experts February 21, 2024 Cybersecurity experts have warned that hackers could swiftly bounce back from a UK-led operation to take down ransomware group Lockbit.
Crypto and AI are opposites that attract February 21, 2024 Last week Open AI introduced Sora - their text-to-video model - that creates realistic videos from a simple prompt. Open AI CEO, Sam Altman, also expressed his desire to raise an eye-watering $7 trillion, or 3.5x the current total crypto market cap, to fuel chip design and manufacturing to cater for increasing adoption of artificial intelligence (AI).
FTSE 100: What’s moving markets today? February 21, 2024 Asian shares follow Wall Street's decline, HSBC's full-year profit soars by 78%, Walmart hits a record high; investors await the Fed minutes and tech darling Nvidia’s earnings report for market direction.
Walmart shares hit all-time high on solid holiday quarter sales February 21, 2024 Walmart shares closed at a record high and led the Dow Industrials after forecasting fiscal 2025 sales above Wall Street expectations and raising its annual dividend by 9%.
Why one of football’s leading execs thinks Saudi’s success is “remarkable” February 21, 2024 Inside Saudi interviews football grandee and Inter Milan chief executive Beppe Marotta, in Riyadh for the Italian Supercoppa
Bakerloo Line to Lewisham? Campaigners call for another south London tube line February 21, 2024 The Bakerloo Line could suffer a "critical failure" if the government does not provide funding for a planned upgrade and extension
Currys’ largest shareholder warns Elliott offer ‘highlights London equity market drain to US’ February 20, 2024 The head of Currys' largest shareholder Redwheel, a hedge fund formerly known as RWC said Elliott Advisors' proposed takeover offer of the retailer has “highlighted a wider problem with the UK equity market.”
Barclays embarks on biggest shake-up since financial crisis after difficult decade February 20, 2024 Barclays has sought to draw a line under a difficult decade with a marathon investor presentation laying out a three-year plan to restructure the bank.