Liverpool Street upgrade down the track? Designers behind Tate Modern plan £1.5bn revamp May 2, 2023 Network Rail, MTR and Sellar have applied for permission to redevelop Liverpool Street station in its first upgrade since 1991. The plans announced last month would see £450m is earmarked for station improvements as part of a £1.5bn proposal to transform the surrounding area. This week the Liverpool Street redevelopment plans were submitted under a [...]
IBM could replace almost 8,000 jobs with AI, boss says as it expects hiring slowdown May 2, 2023 Artificial intelligence could replace 7,800 jobs at the technology giant, International Business Machines Corporation (IBM), according to its chief executive. Arvind Krishna told Bloomberg News on Monday that the company expected to pause hiring for non-customer facing roles, such as human resources. “I could easily see 30 per cent of that getting replaced by AI [...]
Tide turns against Ping An as HSBC’s pay outs convince investors, analysts, and boost the share price May 2, 2023 The tide seemed to turn against Ping An today as HSBC recorded bumper profits and a major shareholder rejected the Chinese insurer’s spin-off campaign.
Ethereum upgrade boosts institutional interest, while Coinbase takes on the SEC May 2, 2023 Data from CryptoCompare shows that the price of Bitcoin (BTC) started the week with a jump from around $27,000 to a high near $30,000.
Thomson Reuters reports higher sales as it sells stakes in businesses May 2, 2023 Thomson Reuters reported higher revenue growth than expected today as the company sold off stakes in other businesses. The news and information conglomerate reported revenue growth of four per cent, jumping to $1.7bn (£1.4bn), beating analyst estimates, the firm said in a quarterly update. The company also earned $2.3bn (£1.8bn) from the sell-off of 24.5 [...]
Tinder owner Match Group swipes left on Russia pledging exit by June 30 May 2, 2023 Tinder owner Match Group has said it will quit Russia by June 30, citing the need to protect human rights, one of many Western firms to leave since Moscow sent troops into Ukraine last year. “We are committed to protecting human rights,” Match said in an annual impact report published on Monday. “Our brands are [...]
Tesco, Sainsbury’s face calls for investigation into ‘profiteering’ as prices soar May 2, 2023 An inquiry should be commissioned into whether supermarkets have been “profiteering” during the cost-of-living crisis, the Liberal Democrats have said. Party leader Sir Ed Davey is calling for the competition watchdog to start an investigation into whether food retailers put up the price of goods by more than was necessary to cover the cost of [...]
Hit from rising dollar pushes Wizz Air deeper into the red May 2, 2023 Budget airline Wizz Air has seen its losses widen dramatically as the company was forced to book a multimillion-euro charge because of the soaring US dollar. The business said that pre-tax loss had jumped from 120 million euros (£103 million) in the six months to the end of September last year to 390 million euros [...]
BP and the ‘profits of war?’ Could falling energy prices end the battle for a tougher windfall tax May 2, 2023 As Labour ramps up calls for a tougher windfall tax, it would be easy to miss that BP's shares are down five per cent on the FTSE 100.
