CurrentBody: Owner of beauty tech firm used by Kim Kardashian and Serena Williams eyes £350m London Stock Exchange float February 4, 2025 The group behind beauty technology company CurrentBody is eyeing a float on the London Stock Exchange which could be worth £350m. The Beauty Tech Group has lined up Berenberg to lead the business through an initial public offering (IPO), according to a report first published by Sky News. The group is headquartered in Manchester and [...]
Are American stocks too expensive? January 14, 2025 American stocks are expensive – really expensive. The way analysts measure how expensive stocks are is looking at the ratio of their price to the company’s annual earnings. Goldman Sachs has calculated that even excluding the largest technology companies, US market valuations are at a 20-year peak, currently sitting at a ratio of 19.3 price [...]
Tech stock boom starts to show cracks June 2, 2024 Tech stocks are starting to suffer as customers are keeping their purse strings tight when it comes to adopting new software services.
Uber: U-turn for company as it reverses back to a loss May 8, 2024 Uber said it swung to the loss due to the revaluation of its equity investments and the costs of legal settlements related to its drivers.
Wayve: Nvidia and Microsoft back British self-driving startup in boost for UK’s AI goals May 7, 2024 Wayve has conducted trials on UK public roads since 2018 and has already partnered with delivery fleets from Asda and Ocado.
System1 to resume dividends after topping profit forecasts April 16, 2024 System1 said it expects to record pre-tax profit of £2.8m for the year ended 31 March 2024, up £2.1m on 2023.
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.
Amazon ‘actively’ looking to invest in multiple UK startups with £800m fund April 11, 2024 Amazon is exploring funding opportunities with a number of tech startups based in the UK via its $1bn (£800m) industrial innovation fund.
IQE: Semiconductor firm’s revenue drops nearly a third amid weaker sales April 10, 2024 British semiconductor firm IQE has posted another operating loss amid a slump in revenue as it grapples with lower sales and weak manufacturing.
Is there an AI bubble and will it burst? April 10, 2024 As stocks like Nvidia have risen over 200 per cent in the last year, some are worried an AI bubble is emerging. Jess Jones and Elliot Gulliver-Needham take a closer look