Barbie and Oppenheimer gives Everyman a £11m summer boost August 18, 2023 Everyman reported nearly £11m in revenues after Barbie and Oppenheimer – together known as ‘Barbenheimer’ – drew in record numbers of crowds. The boujee cinema chain said the lucrative film pairing, released in the final week of July, helped the group rake in a revenue of £10.6m in the month of July, up from £7.1m [...]
JD Wetherspoon chair Tim Martin hits out at Daily Mail article on panini and pint prices August 18, 2023 JD Wetherspoon issued a statement to the stock exchange this morning - confirming their ham and cheese panini comes with a free soft drink
Lenovo hit by global slump in PC demand following pandemic frenzy August 17, 2023 Chinese computer maker Lenovo has reported a near quarter fall in revenues as global PC sales struggle to recover from a post-pandemic slowdown. Lenovo revenue shrank 24 per cent between April and June to $12.9bn (£10.1bn), below average Refinitiv forecasts of $13.8bn (10.9bn), as computer sales declined. Shares dipped over three per cent on Thursday [...]
BAE Systems: Analysts give thumbs up to £4bn-plus Ball acquisition August 17, 2023 BAE Systems, the British defence giant, is set to buy US spacecraft manufacturer Ball Corporation’s Aerospace arm in a $5.55bn (£4.36bn) mega-deal. Shares in BAE slid down over four per cent on Thursday morning after it announced plans to “strengthen” its position as a global provider of space systems and defence technologies with the multi-billion [...]
Sunak’s global AI safety summit plans ‘vague’ despite provisional autumn date August 16, 2023 The government is yet to announce details for its global AI safety summit, which it is planning to hold in the UK later this year. In June, Prime Minister Rishi Sunak announced the UK’s plans to host the first major global summit on AI safety in autumn this year. Speaking at London Tech Week, Prime [...]
Intel: £4.2bn deal to buy Israeli chipmaker Tower Semiconductor lapses on China stall August 16, 2023 Intel and Israeli chipmaker Tower Semiconductor have “mutually agreed” to call off their $5.4bn (£4.2bn) deal due to regulatory hurdles from China. In a statement on Wednesday, leading semiconductor manufacturer Intel said it will pay a termination fee of $353m to Tower after the merger failed to get approval from regulators by its 15 August deadline. [...]
Another Musk mess: X goes down after ‘delay’ trial on loading news and Insta links August 16, 2023 Elon Musk’s X, previously known as Twitter, caused a brief disruption in the loading of links leading to some news outlets and social media rivals. Users attempting to access content from an affected source through X experienced a delay of five seconds, according to tests run by The Washington Post and, later, Reuters. Links to [...]
Why is Netflix jumping into the cloud gaming market? August 15, 2023 Netflix first announced its move into the cloud gaming industry back in November 2021, and it is now starting to test its games in the UK on televisions and computers as it looks to grow the service. Cloud gaming – sometimes known as gaming on demand or game streaming – allows users to play video [...]
Liberty Global inks €1.5bn deal with IT giant Infosys to scale up Horizon entertainment platform August 15, 2023 International telecoms firm Liberty Global (LG) has struck a €1.5bn (£1.3bn) deal to outsource its Horizon entertainment platform to Indian IT consultancy Infosys. The two corporate giants are poised to collaborate over a five-year period, with Infosys helping Liberty Global expand its Horizon entertainment platform, a TV and video streaming service used by over 10m. [...]
Rise of the ‘finfluencers’: Instagram, Facebook and Reddit drive investment ideas in young people August 15, 2023 Young people are increasingly turning to social media for investment ideas even as the Financial Conduct Authority (FCA) starts to whip out regulation on the field of finance influencers – or ‘finfluencers’ as they are often known as. Over a fifth of investors ages between 18 and 34 are taking investment advice such as stock [...]
