After the Nvidelity comes the Huangover. Jensen Huang joins long list who confused boardroom and bedroom
Nick Train flagship fund posts best month in its history as software bet starts to pay off Investing Nick Train’s flagship fund has posted its best single-month performance in its 20-year history, in a sign the star stockpicker’s contrarian bets on unloved software stocks are fuelling a change in fortunes for the flagging vehicle. The £1bn Lindsell Train UK Equity fund returned 10.8 per cent to investors in October, in its best month [...]
Relx defies AI disruption fears as growth holds firm Tech FTSE 100 data giant Rex has reported a jump in sales growth as demand for its AI-powered products continues to rise, defying fears that the technology could threaten its business. The London-listed group, which owns legal research platform Lexisnexis, said on Thursday that underlying revenue rose seven per cent in the first nine months of [...]
AI giant Perplexity taps London startup Valarian in sovereign tech drive Tech US AI giant Perplexity has struck a deal with London-based startup Valarian to bring its technology into the UK government and defence systems, a major boost to Britain’s ambition to reduce its reliance on foreign tech infrastructure. The partnership will let governments and businesses handling sensitive information deploy Perplexity’s AI within their own infrastructure, keeping [...]
London software stocks enjoy ‘boon’ after calls for AI slowdown September 14, 2026 London-listed software stocks jumped on Monday as calls from the world’s biggest AI companies to slow development offered some relief to businesses previously seen as vulnerable to the technology. Sage climbed more than five per cent to rise the fastest among FTSE 100 firms, while RELX also rose after Anthropic, OpenAI and Elon Musk backed [...]
Sage accelerates AI expansion as revenue grows July 29, 2026 Sage said it is accelerating the roll-out of AI across its product lines on Wednesday as it reported another quarter of double-digit revenue growth, fuelled by a boost in demand for its cloud accounting software. The FTSE 100 software company said revenue rose 11 per cent to £2.06bn in the nine months to 30 June, [...]
Questions raised over FCA’s new short-selling rules July 18, 2026 Apparent errors in the Financial Conduct Authority (FCA)’s first batch of new short-selling data have raised questions over the accuracy of information used by traders and regulators to track bets against UK-listed companies. The Financial Times first reported that the regulator’s new disclosures contained a series of apparent errors, including positions that were changed or [...]
‘Ugly moment’ for software stocks as IBM suffers biggest one-day slump in decades July 14, 2026 IBM shares are poised to suffer one of their worst-ever trading days after the tech giant warned customers were diverting spending away from software and into AI infrastructure. The warning wiped more than $50bn (£37bn) from IBM’s market value, sending the stock down more than 20 per cent and putting it on course for its [...]
Bank of England unveils Armageddon stress test scenario ‘more severe than the financial crisis’ June 19, 2026 The Bank of England is poised to probe how private markets’ respond to a theoretical financial Armageddon scenario in which stocks plummet and prices soars that industry figures have said is more severe than the global financial crisis. Watchdog officials will scrutinise how alternative asset managers react to the scenario’s five-year downturn in financial conditions [...]
Salesforce tries to prove AI won’t kill software after brutal sector sell-off May 28, 2026 Salesforce beat Wall Street expectations on Wednesday evening, but the results did little to soothe investor fears that AI could reshape, and potentially undermine, the software industry. The Slack owner reported quarterly revenue of $11.1bn (£8.2bn) during the quarter, up 13 per cent from last year and ahead of analyst expectations, while earnings per share [...]
Starling’s profit slides as falling interest rates bite May 21, 2026 Starling’s profit took a dip in the latest financial year as the lower interest rate environment took a chunk out of the digital bank’s bottom line. The UK fintech notched a £217m pre-tax profit, down three per cent from the £223m secured in the prior year. This came as revenue slipped 5.6 per cent to [...]