Microsoft’s AI gambit shines but Google fumbles with cloud business October 25, 2023 Largely thanks to strong growth in its cloud computing division, Microsoft reported first-quarterly revenue of £46.4bn.
Porsche defies economic gravity as luxury cars outpace recession fears October 25, 2023 Porsche reported a jump in sales and profits thanks to strong performances from its bestselling Cayenne series and all-electric Taycan.
Reckitt announces £1bn share buyback programme amid revenue growth October 25, 2023 Consumer goods giant Reckitt will kick off a £1bn share buyback after strong growth in health and hygiene divisions
Soon-to-sell sofa chain ScS finds little comfort in cost of living Britain October 25, 2023 Sofa chain ScS has swung to a loss according to its preliminary results, with the soon-to-be acquired sofa chain blaming a challenging economic climate for the dip.
Lloyds rides out end of interest rate spike with bumper profit October 25, 2023 Increasing competition was not enough to stop Lloyds from performing above expectations in the third quarter as the bank continued to benefit from a relatively benign credit environment. In the three months to September, pretax profit hit £1.9bn, more than triple the same period last year and slightly ahead of analyst expectations. Net interest income [...]
Israel minister: “What is a proportionate response to the killing of babies?” October 25, 2023 Israel's foreign minister told the UN that his country had a right to defend itself after the bloody terrorist attacks of October 7
Peugeot 408 Hybrid review: Lamborghini looks, low running costs October 25, 2023 The Peugeot 408 combines Lamborghini-lite styling with an efficient plug-in hybrid powertrain. Tim Pitt gets behind the wheel.
Deutsche Bank guides to top end of guidance despite interest rate woes October 25, 2023 Investment bank revenue slumped at German giant Deutsche Bank but profits still beat expectations
Euan Blair’s Multiverse quietly shelves school-leaver mission as growing pains set in October 25, 2023 Euan Blair’s educational technology firm Multiverse has quietly shelved its mission of getting school leavers into jobs in a restructuring which former employees claim has created a “cut-throat” culture of “fear” at the firm, City A.M. can reveal.
Bill that would ban boycotting Israel set to be debated in Parliament October 25, 2023 A bill which would ban British public bodies from boycotting Israel is set to be debated by MPs today. Levelling up secretary Michael Gove will bring the bill to Parliament today, as first reported by the Guardian, despite warnings it could stoke tensions amid the Israel-Gaza crisis. It comes amid an increasingly severe humanitarian crisis [...]
