Tesla: Elon Musk’s EV giant’s sales disappoint with first fall in a decade January 2, 2025 Elon Musk’s EV giant Tesla disappointed with its earnings report today, with its first fall in annual deliveries for over a decade. The electric car behemoth, which has been in the news in the last 24-hours after a vehicles exploded in the US outside a Donald Trump-owned hotel, delivered 1.70 million electric vehicles (EVs) in [...]
Audioboom raises profit outlook again as podcast demand increases November 15, 2024 Audioboom upgraded its profit expectations for the second time this year, lifting its adjusted earnings projection to £2.2m from recently forecast £1.9m. The podcast giant said this reflects an uptick in revenue from the podcast platform’s tech-driven ad marketplace, Showcase, which recently recorded a 49 per cent year-on-year revenue increase last month. Chief executive Stuart [...]
Green light for £2bn North Sea cable to power millions of UK homes November 15, 2024 A £2bn subsea and underground cable which will power millions of UK homes has received final funding approval today. The 196km-long Eastern Green Link 1 (EGL1) cable, which will be primarily laid under the North Sea, is expected to bolster the UK’s energy security and reduce customer bills by £870m per year. The National Energy [...]
Nvidia and Softbank team up to build new AI supercomputer November 13, 2024 Nvidia announced its partnership with Softbank to build a Blackwell-powered AI supercomputer, as Japan seeks to get ahead in the AI arms race.
Post Office: Jobs and branches could be axed in post-scandal shake up November 13, 2024 The Post Office has announced a significant overhaul, with the closing of 115 branches and hundreds of jobs at risk.
Raspberry Pi: Newly-listed firm joins forces with Italian internet of things provider SECO November 12, 2024 Newlt-listed tech firm Raspberry Pi is set to merge with Internet of Things (IoT) solutions provider SECO to unlock new growth, by combining hardware and software development. This strategic deal, the value of which has not been revealed, means SECO develop a new human machine interface (HMI) solution using on Raspberry Pi’s technology, targeting a [...]
Richard Branson-backed 23andMe axes hundreds of jobs November 12, 2024 Genetic testing company 23andMe, which is backed by Virgin billionaire Richard Branson’s former company VG Acquisition Corp, has revealed plans to make 200 redundancies in a bid to regain stability after a major slowdown in the business over the last year. The company is cutting 40 per cent of its workforce to help its continued [...]
Vodafone boss shrugs off Budget as company set to double-down on UK November 12, 2024 The boss of the FTSE 100 telecoms giant Vodafone has shrugged off suggestions Labour’s tax-raising Budget will have an impact on the business. Vodafone chief executive Margherita Della Valle estimated the Budget’s total cost to Vodafone at around £10m in a call with investors and analysts following its half-year results, published this morning. “In the [...]
Demand for flexible jobs soars as workers seek remote roles November 12, 2024 Searches for jobs with flexible working surged by 132 per cent between July and September this year, according to new figures. Based on 22,000 job searches analysed by flexible work specialist Flexa, the data also shows that 60 per cent more flexible job adverts were posted in the same period compared to the previous quarter. [...]
Top City advisor tipped for US ambassador role November 11, 2024 Peter Mandelson, the Labour former minister and president of advisory firm Global Counsel, is reportedly a front runner to take over as British ambassador to the United States. Lord Mandelson is said to be in the running to replace Dame Karen Pierce, who was appointed in 2020 and will remain in Washington until after Trump’s [...]
