Tesla misses, yet Musk reassures investors with AI push April 23, 2025 Tesla’s first quarter results, announced at market close yesterday, may have disappointed on traditional metrics. Yet, the company has used its earnings to pivot the story, away from missed car delivery targets and falling profits, and toward its future bets on AI, autonomy and energy. Revenue fell nine per cent year on year to $19.3bn, [...]
EU fines Meta and Apple a combined £600m for breaching digital laws April 23, 2025 The European Commission has imposed significant fines on Apple and Meta, marking the first enforcement actions under the Digital Markets Act (DMA), which aims to promote fair competition and enhance consumer choice. Apple has been fined €500m (£428.3m) for restricting app developers from directing users to alternative purchasing options outside its App Store. The commission [...]
Hollywood Bowl: Ten-pin bowling operator smashes records with strong UK drive April 23, 2025 Hollywood Bowl Group, the operator of the UK and Canada’s largest ten-pin bowling brands, has reported record revenue of £129.2m for the first half of 2025 – up 8.4 per cent year on year, driven by a solid growth in its core UK market. UK sales rose 4.7 per cent to £108.2m, as families continued [...]
Tesla profits crash as Elon Musk fallout hits brand and bottom line April 23, 2025 Tesla reported a sharp decline in first-quarter profit on Tuesday, missing Wall Street estimates as the electric vehicle maker continued to grapple with slowing demand, rising competition, and mounting brand headwinds tied to chief executive Elon Musk’s political activities. Net income nosedived 71 per cent year-over-year to $409m (£307m) while revenue fell nine per cent [...]
Google back in the hot seat as antitrust pushes Chrome sell April 22, 2025 Alphabet-owned Google returned to a Washington DC courtroom on Monday for the remedies phase of the US government’s landmark antitrust case, with the department of justice (DOJ) calling for a structural breakup of the tech giant – including a forced sale of its Chrome browser. The trial follows a 2023 ruling by US district judge [...]
‘Code red’ for Tesla as Musk’s firm stalls ahead of key earnings April 22, 2025 Tesla shares sank nearly six per cent on Easter Monday, leaving investors braced for what analysts have called a “code red” moment for Elon Musk’s firm ahead of its first quarter earnings announcement. The electric vehicle (EV) giant is facing mounting concerns over failing sales, geopolitical headwinds and evolving criticism of Musk’s political involvement, which [...]
Councils turn digital as budget pressures mount April 17, 2025 Councils across the UK are ramping up spending on technology and service design as financial pressures mount and demand for services grows. The Department of Science, Innovation and Technology hopes that digitising public sector services could unlock up to £45bn a year in productivity gains. “This makes digitisation the most powerful lever available to drive [...]
Tesla stalls Cybertruck production ahead of earnings April 17, 2025 Tesla is pulling back on production of its much-hyped Cybertruck, just days before it reports first-quarter earnings on Tuesday. Workers at the company’s Texas factory have reported that staff have been reassigned to Model Y, a Tesla car coming out in June, and that several Cybertruck teams have been cut by over half, Business Insider [...]
London startups bag £2.69bn in VC funding in 2025 so far April 17, 2025 London-based startups attracted £2.69bn in venture capital (VC) in the first three months of the year, marking a robust start of the year despite a fall in deal volumes. According to KPMG’s latest venture pulse report, while deal count dropped from the previous quarter, the overall value of funding reached nearly 90 per cent of [...]
The UK’s cyber blindspot lies with its SMBs April 16, 2025 Small and medium sized businesses (SMBs) in the UK are facing an escalating cyber security crisis, experts have warned. According to Hugues Foulon, chief executive of Orange Cyberdefense, cyber attacks on SMBs have surged by 53 per cent, yet only 21 per cent of SMB chief executives are aware of their cyber risks. This alarming [...]
