‘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 [...]
Former Google CEO warns AI may soon ignore human control April 16, 2025 Former Google chief executive Eric Schmidt has warned that artificial intelligence (AI) was advancing so rapidly that it may soon no longer need human guidance to evolve. Speaking last week at an event hosted by the Special Competitive Studies Project – a think tank he founded – Schmidt described how AI systems were beginning to [...]
Nvidia hit by US chip curbs as trade war escalates April 16, 2025 Nvidia shares slid sharply on Wednesday after the chip giant revealed that newly tightened US export restrictions on its China-bound AI chips could cost it up to $5.5bn this quarter. The move, part of an escalating series of trade and technology curbs between Washington and Beijing, has rattled markets already on edge over tariff uncertainty [...]
ASML and Nvidia tumble amid US trade tensions April 16, 2025 ASML and Nvidia both took a hit in the markets, falling sharply due to rising concerns about US-China trade tensions and their potential impact on the semiconductor industry. ASML, a critical player in chip manufacturing equipment, dropped 6.5 per cent, while Nvidia saw a 6.3 per cent after hours on Tuesday. The Dutch chip equipment [...]
Bunzl shares plunge after FTSE 100 giant cuts forecast April 16, 2025 Bunzl shares plunged 23 per cent in early deals on Wednesday after the FTSE 100 giant cut its 2025 guidance following a tough first quarter. This was driven by softer-than-expected revenue growth in the UK and Ireland and margin pressure in its largest North American business, which weighed on performance. The distribution titan said revenue [...]
WH Smith: High street profit slumps ahead of Modella sale April 16, 2025 WHSmith’s high street division has reported a significant drop in trading profit, falling by over 30 per cent as it prepares for its sale to private equity firm Modella Capitlal. The retailer’s high street business delivered a profit of £15m for the six months to Febuary 28, 2025, down from £22m in the same period [...]
