OpenAI countersues Musk as Altman feud escalates April 10, 2025 OpenAI has filed a counter-lawsuit against Elon Musk accusing the Tesla and X chief of attempting a hostile takeover. The claim, under “further unlawful and unfair action”, also cited orchestrating a campaign of harassment, designed to derail the AI company’s transition to a for-profit model. The legal filing, submitted on 9 April, 2025, in a [...]
Nvidia shares skyrocket but tariffs still threaten AI boom April 10, 2025 Shares in AI giant Nvidia have skyrocketed by almost a fifth after President Donald Trump paused his sweeping new tariffs for 90 days. The move brought a brief, albeit potent, reprieve for Wall Street, triggering the Nasdaq’s largest single day gain in nearly a quarter of a century and reigniting investor appetite for the battered [...]
UK tech start-up vows to ‘do to Sage what Netflix did to Blockbuster’ April 10, 2025 When Netflix began quietly mailing DVDs to American homes in 1998, Blockbuster barely flinched. By the time it did, the game had changed. And, with its business model firmly based on late fees and physical stores, it was too late. Fast forward a quarter of a century, and UK tech company iplicit is hoping to [...]
Tesla and Apple lead Mag Seven surge as Trump blinks on tariffs April 10, 2025 The so-called magnificent seven tech stocks added more than $1.8tr in market value on Wednesday after Donald Trump unexpectedly paused a swathe of new tariffs, offering a rare moment of relief in an escalating trade war that had rattled big tech. Shares of Nvidia, Apple, Tesla, Microsoft and others surged between eight and 19 per [...]
Mecca Bingo owner Rank Group jumps 11% as digital growth continues April 10, 2025 Mecca Bingo operator Rank group posted a 10.9 per cent increase in like-for-like net gaming revenue (NGR) in the third quarter of its 2024/25 financial year, with digital and venue performance both contributing to the rise. According to Thursday’s latest trading update, group NGR hit £195.6m for the quarter to 31 March 2025. The company [...]
ITV’s deal with ‘Traitors’ producer sparks fears for local news April 9, 2025 ITV’s early stage discussions with Abu Dhabi-backed RedBird IMI to spin off its production arm into a seperate £3bn entity have sparked growing concern over the future of its commitment to local and regional news. As first reported by the Telegraph, the proposed tie up with All3Media, the company behind Traitors and Call the Midwife, [...]
Tariffs: How much will you now have to pay for an iPhone? April 9, 2025 The price of owning the latest iPhone is about to get even more expensive, thanks to President Donald Trump’s new tariffs on Chinese imports. While the leading tech giant Apple has weathered previous storms with strategic negotiations and supply chain ingenuity, this new wave of tariffs presents a serious test to their pricing strategy. So, [...]
Pagegroup: UK profit slides as hiring slows at FTSE 250 recruiter April 9, 2025 Recruitment firm Pagegroup reported a 12.7 per cent fall in UK gross profit for the first quarter of 2025, as client and candidate confidence remained subdued and hiring decisions continued to stall. According to its latest trading update, the FTSE 250-listed firm posted UK gross profit of £23.5m in its first quarter, broadly in line [...]
Rolls-Royce leads defence stock rebound amid tariff turmoil April 8, 2025 Following a tumultuous period triggered by Donald Trump’s sweeping tariff announcements, London’s financial markets showed signs of recovery on Tuesday. Defence stocks, in particular, emerged as notable gainers in leading the resurgence. Tariff-driven losses Trump recently imposed a 10 per cent tariff on British goods entering the United States. As part of a sweeping trade [...]
Filtronic and Computacenter shares jump as UK tech shrugs off tariff concerns April 8, 2025 Investor appetite is shifting toward UK tech stocks as recent trade tensions, aggressive US tariffs, and mounting concerns over stretched valuations in American tech giants have upended the global investment landscape. With Trump’s sweeping tariffs triggering volatility across US markets, many investors are now looking to UK-listed firms for value, growth, and relative geopolitical stability. [...]
