Nvidia smashes forecasts – but China trade drag looms large May 29, 2025 Nvidia once again beat Wall Street’s lofty expectations last night, reporting nearly $44.1bn in revenue in its first quarter – a staggering 69 per cent jump year on year. But despite a positive set of numbers and a surge in data centre sales, there are still warning lights blinking on the AI chip giant’s dashboard. [...]
Auto Trader: FTSE 100 giant passes major milestone as profit jumps May 29, 2025 Sales at FTSE 100 giant Auto Trader have accelerated past a major milestone as its profit increased during its latest financial year as it defied a year of high interest rates and economic uncertainty. The Manchester-headquartered group has posted a revenue of £601.1m for the 12 months to 31 March, 2025, according to new figures [...]
NHS patient data at risk in major cyber attack May 28, 2025 A newly uncovered cyber attack has exposed sensitive information at two major NHS trusts, raising fears that patient records could be at risk. Experts have warned that the hack, linked to a vulnerability in widely used mobile management software, marks a growing threat to critical UK infrastructure. University College London hospitals, NHS Foundation Trust, and [...]
Elon Musk: Judge rules billionaire’s DOGE role is permanent May 28, 2025 A federal judge in Washington, DC has ruled that Elon Musk holds a “continuing and permanent” role within the federal government and DOGE, rejecting the White House’s claim that the billionaire entrepreneur was merely serving in an advisory capacity. The decision allows a high-profile lawsuit brought by 14 US states to move forward against Musk, [...]
Google faces £25bn UK lawsuit over ad monopoly claims May 28, 2025 Google is facing a £25bn legal claim in the UK, as a new lawsuit accuses the tech giant of abusing its dominant position in the online search advertising market, driving up prices for UK advertisers over more than a decade. The claim, filed with the Competition Appeal Tribunal (CAT) and led by Roger Kaye KC, [...]
BGF’s £3bn pledge offers hope amid concerns over UK competitiveness May 28, 2025 The Business Growth Fund (BGF) has unveiled a £3bn commitment to back British businesses over the next five years which includes £500m earmarked for early stage start-ups in deep tech and life sciences. The organisation, which is one of the UK’s most prominent equity investors, has made the announcement at a pivotal time for the [...]
Adidas hit in yet another UK retail data breach May 27, 2025 Adidas has confirmed a cyber attack that exposed the personal data of customers who contacted its help desk, adding the German sportswear giant to a growing list of major retailers hit by recent cybersecurity incidents. The breach, disclosed on 23rd May, involved unauthorised access to a third party customer service provider, through which attackers were [...]
UK-EU deal triggers strategic AI partnership May 27, 2025 A new initiative has been launched to enhance AI collaboration across Europe, building on the recent agreement between the UK and the EU. This partnership invites leading UK public research organisations to apply to become the UK’s gateway to Europe’s most advanced super-computing facilities, which are crucial for accelerating AI breakthroughs. Strengthening ties through AI [...]
UK nightlife economy under pressure as venues struggle May 27, 2025 The UK’s nightlife industry, once a powerful driver of urban business, faces mounting pressures as shifting consumer habits, economic headwinds and regulatory challenges tighten the squeeze on late-night operators. Phil Urban, chief executive of one of the UK’s largest pub and bar chains, Mitchells & Butlers, has warned that the late-night segment is “the toughest [...]
Nvidia’s new chip aims to soften tariff blow ahead of key earnings May 26, 2025 Nvidia is moving quickly to protect its position in China with the launch of a new AI chip – a stripped down, cheaper product aimed at dodging tightening US export restrictions and softening the blow of escalating trade tensions. Set to begin mass production as early as next month, the chip will be based on [...]
