Sir Jony Ive joins Altman’s OpenAI in $6.5bn deal May 22, 2025 OpenAI has announced the launch of its io Products, founded by former Apple chief designer Sir Jony Ive and Sam Altman, in a deal valued at $6.5bn. The agreement brings one of the world’s most influential product designers into OpenAI’s leadership as the artificial intelligence (AI) company expands into consumer hardware. Under the deal, OpenAI [...]
Tottenham reveal plans for Europa League trophy parade on Friday May 22, 2025 Tottenham Hotspur will celebrate their Europa League triumph with a trophy parade on the streets of north London on Friday night. The open-top bus parade is set to start on Fore Street in the Edmonton Green region around 5.30pm, before travelling down High Road past the Tottenham Hotspur Stadium. The parade will conclude in the [...]
Qinetiq shares soar after £1.5bn extension to Ministry of Defence deal May 22, 2025 Qinetiq, the FTSE 250 defence contractor, has announced a £1.5bn extension to its partnership deal with the UK Ministry of Defence (MoD). The Farnborough-based firm said on Thursday it will extend its Long Term Partnering Agreement (LTPA) with the government by five years to 2033. Qinetiq’s LTPA contract provides UK armed forces with test and [...]
Why you should invest early in the tax year May 22, 2025 Data shows that those who invest regularly and at the start of the year can be thousands of pounds better off than those who wait until the end. We’re about a month into the tax year, and there’s no time like now to make sure your investments are working as hard for you as they [...]
UK net migration almost halves in 2024 May 22, 2025 Net migration was cut in half in 2024 as 431,000 people arrived in the UK, official data has shown, suggesting Tory-era policies have had some of their desired effects. The Office for National Statistics (ONS) said fewer people arrived on work and study-related visas while an increase in Brits leaving the UK also reduced net [...]
Grade II listed Crystal Palace sports venue set for major overhaul May 22, 2025 The Mayor of London, Sadiq Khan, has unveiled new images of plans for the overhaul of the Crystal Palace National Sports Centre. The redevelopment of the Grade II listed multi-sport venue – which hosted the first Women’s FA Cup final and Usain Bolt as well as events such as Grand Prix motorracing – is set [...]
Rio Tinto: Chief executive of FTSE 100 giant to step down May 22, 2025 Rio Tinto’s chief executive Jakob Stausholm will step down after more than four years leading the FTSE 100 mining giant, it has been announced. The London-listed firm said a “rigorous selection process” had already begun, with Stausholm remaining in the top job until a successor is found. No reason for the exit has been given. [...]
Seabrook: Crisps brand issues warning over Rachel Reeves’ tax hikes May 22, 2025 The company behind crisps brand Seabrook has warned Chancellor Rachel Reeves’ Autumn Budget tax hikes will have an impact on its bottom line this year. The Cheshire-based UK arm of Japanese giant Calbee pointed to the increase in the National Living Wage and employers’ National Insurance contributions, which came into affect in April, as key [...]
Pepco to sell off Poundland business by September – for £1 May 22, 2025 Discount giant Pepco is set to sell its Poundland business by September as the brand struggles with high costs and low sales. In an update to markets this morning, Pepco said Poundland continued to see “challenging trading conditions” with revenue down 6.5 per cent in the first half of the year. The discount chain now [...]
Hisense: Sales surge by over £70m but brand issues warning May 22, 2025 Sales at the UK arm of Hisense, the Chinese appliances and electronics manufacturer, jumped by more than £70m last year, it has been revealed. The Leeds-headquartered division has reported a turnover of £373.8m for 2024, a sharp rise from the £300.4m it posted for 2023. New accounts filed with Companies House also show that Hisense’s pre-tax [...]