UPS returns to growth for the first time in two years as Christmas run-up starts October 25, 2024 The United Parcel Service (UPS) returned to revenue and profit growth in its third quarter for the first time in nearly two years, showing signs of a strong economy gearing up for the festive season. According to the latest trading update, the global shipping service reached $24.4 bn (£18.8 bn) in revenue, a 4.2 per [...]
RELX: Strong demand pushes up revenue for data firm October 24, 2024 Global analytics and decision tools provider RELX has reported an increase in its underlying revenue for this year, as it stood by its guidance looking at strong growth. According to a trading update to markets this morning, the London-listed firm said its underlying revenue rose by seven per cent, reaffirming its full year outlook as [...]
Demand for opioid treatment drug drives growth at Indivior October 24, 2024 Indivior’s revenue rose 13 per cent to $307m (£237m) in the third quarter, driven by strong demand for its opioid treatment drug Sublocade. The results, published this morning, showed that the revenue increase was backed by a 24 per cent year-on year rise in the drug’s sales, bringing in $191m (£147) during the quarter. Chief [...]
New MedTech plan set to cut down waste and add billions to the economy October 23, 2024 The UK government has announced a new strategy aimed at increasing the reuse, recycling and re-manufacturing of medical technologies, which experts think could save Britain billions of pounds. The department of health and social care said that approximately £10bn is spent yearly on medical technology (MedTech), but too much is imported in ways which disrupt [...]
Updated plans for City of London’s tallest skyscraper: 1 Undershaft October 22, 2024 Aroland Holdings has submitted updated plans for the City of London’s tallest skyscraper, 1 Undershaft. The new proposals, which will be validated later today, will deliver a comprehensive ground-floor redesign. The scheme, delivered by development manager Stanhope, aims to enhance St Helen’s Square with a more accessible and active public realm, such as a re-imagined [...]
AI that forgets?: Meet Salesforce’s new privacy-first tech October 22, 2024 Salesforce introduces the third wave of generative AI with their intelligent 'agents'
UK music exports hit all-time high October 21, 2024 UK music exports rose by 7.6 per cent in 2023 to an all-time high of £775m, a landmark achievement for the British music industry. Yet, new data from the British Phonographic Industry (BPI) revealed that this growth in exports has slowed compared to 2022. Exports grew 20 per cent in 2022. Over 500 UK artists [...]
Gold glitters as investors seek safe haven amid geopolitical tensions October 21, 2024 Gold prices surged to an all-time high of $2,730 (£2,093) this morning as investors sought safe-haven assets amid rising geopolitical tensions. This means that the price of the yellow metal has surged 38 per cent this year. The rally has come as conflict intensified between Lebanon and Israel, with fears growing over a broader regional [...]
‘Tis the season: Festive spending to boost London’s West End October 21, 2024 Festive spending in London's West End is expected to reach £1.7bn, with international tourists set to push sales up by 3.2 per cent in the run up to Christmas.
Netflix: Password-sharing crackdown helps streaming giant ‘under-promise and over-deliver’ October 18, 2024 Netflix’s password sharing crackdown seemed to have minimal effec, as beat third-quarter earnings predictions, consolidating its position as the streaming market leader. The firm reported revenue growth of 15 per cent year-on-year to £7.5bn, with a net income of £1.7bn and earnings per share of £3.88, all surpassing analyst predictions. Operating margins also improved to [...]
