UK companies are struggling to keep up with peers on growth November 28, 2024 UK companies are failing to keep up with international peers on sustained growth, data from Panmure Liberum has revealed. While practically all companies manage to create strong growth on occasional years, few companies have managed to keep growth going every year, noted Joachim Klement, investment strategist at Panmure Liberum. The longest streak on record for [...]
Ahead of the Game: Leicester City decide to stick with embattled sponsor November 27, 2024 Leicester City will not exercise their right to seek a new shirt sponsor after their existing partner BC.Game was declared bankrupt last week. The crypto gaming firm’s two parent companies, Blockdance BV and Small House BV, were hit with the bankruptcy order by a court on the Caribbean island of Curacao following a legal dispute [...]
Black Friday: Amazon workers to strike on one of busiest retail days of the year November 25, 2024 Amazon workers in more than 30 countries, including the UK and US, will strike this Black Friday in a protest against the labour practices of the tech giant. The strike, coordinated by the Make Amazon Pay campaign, is the fourth consecutive year of organised action. Protests will also take place in major cities in dozens [...]
Why Premier League has opened door to a ‘Netflix of Football’ November 25, 2024 Friday's vote could be a watershed moment that transforms the way the world’s most popular league is consumed around the world.
Amazon shares soar as it shatters Wall Street forecasts November 1, 2024 Amazon’s shares jumped over six per cent in after-hours trading after the e-commerce giant breezed past third quarter expectations. The boost from investors would lift the Seattle-headquartered company’s market cap, which currently stands at $1.95t, beyond the $2t mark. It posted quarterly revenue of $158.9bn (£123.3bn), beating analyst predictions of $157.2bn (£121.9bn), and a year [...]
CMA launches merger inquiry into Alphabet and Anthropic partnership October 24, 2024 Britain's competition watchdog has opened a merger inquiry into Alphabet's partnership with artificial intelligence (AI) safety start-up Anthropic.
Amazon Alexa inventor says most companies are getting AI wrong October 17, 2024 William Tunstall-Pedoe, the inventor behind Amazon’s voice assistant Alexa, has said that many companies that are trying to embed AI in their operations are getting it wrong. “Pretty much every medium and large business out there is trying to bring AI into their business,” he told City AM. “But a lot of these projects are [...]
I saw inside an AI-powered Amazon warehouse – here’s what I thought October 16, 2024 Last week, I got a behind-the-scenes look at one of Amazon’s new AI-powered warehouses, in what felt like a glimpse into the future. Inside the 3.5m square foot facility in Nashville, Tennessee, Amazon was finally unveiling the fruits of its AI strategy, revealing a fleet of new AI-powered robots and tools designed to increase efficiency [...]
Amazon announces raft of new AI gambits as it battles rise of Temu and Shein October 9, 2024 Amazon has announced a raft of new artificial intelligence (AI) features and technologies to speed up deliveries and reduce costs across its business. The logistics giant plans to deploy a fleet of 1,000 electric delivery vans with a new AI-powered ‘vision-assisted package retrieval’ (VAPR) technology that allows drivers to find packages faster and more easily. [...]
Two IPL team owners battle to buy Manchester Originals in Hundred sale October 9, 2024 The interest is a significant boost for England cricket chiefs’ much-maligned sales process.