WPP eyes AI-driven growth after missing estimates February 27, 2025 WPP has delivered a mixed set of full-year results today. The group reported an unexpected revenue decline despite a slight rise in operating profit. Revenue less pass-through costs dipped by just one per cent on a like-for-like basis, with its fourth quarter down 2.3 per cent due to weak client spending. Headline operating profit reached [...]
LSEG smashes expectations with strong growth and bold 2025 outlook February 27, 2025 London Stock Exchange Group (LSEG) has reported strong financial results for 2024, exceeding market expectations and reinforcing its position as a lead player in global financial data and analytics. The firm’s total income, excluding recoveries, grew by 7.7 per cent in 2024, with broad growth across divisions. Income at the firm’s flagship data business, where [...]
Nvidia faces market test post DeepSeek chaos February 26, 2025 Nvidia is set to release its highly anticipated fourth-quarter earnings today at market close in the US, its first financial update since the emergence of China’s DeepSeek model. With expectations running high, investors will be scrutinising the results for any signs of slowing momentum or continued dominance in the AI boom. DeepSeek’s recent boom sent [...]
MPs slam Tiktok, Meta and X over misinformation failures February 26, 2025 MPs were left frustrated after questioning executives from big tech firms TikTok, Meta and X on how platforms handle misinformation and harmful content. The science, innovation and technology committee (SITC)’s evidence session on Tuesday, saw platform representatives struggle to provide clear answers on their content moderation policies. The session formed part of its ongoing inquiry [...]
Half of UK financial firms lack AI strategy, despite feeling ‘AI-ready’ February 26, 2025 There is a significant gap between confidence and action in artificial intelligence (AI) adoption across the UK financial sector, a new report has found. Professional services firm Forvis Mazars‘ report revealed that while all surveyed C-suite executives claim to be “AI-ready”, only 43 per cent of firms have a well-developed AI strategy. Meanwhile, just over [...]
Old tech driving NHS and public sector inefficiencies February 26, 2025 According to a recent report, inefficiencies in manual tech processes are adding an extra 30.6m hours of work every week across the UK’s public sector. New research from Appian found that on average, public sector workers lose five hours a week due to delays and inefficiencies, hindering the 6.12m -strong workforce. A survey of 1,000 [...]
UK newspapers join creative industry in protest against AI copyright plans February 25, 2025 UK newspapers have joined forces with musicians, authors, and other creatives to oppose government proposals that could allow AI firms to train models on copyrighted material, without compensation. Newspapers such as The Guardian, The Times and The Sun coordinated front-page protests on Tuesday morning, arguing the plans could undermine journalism by allowing AI firms to [...]
UK unveils ‘National Data Library’ plans for public services February 25, 2025 Plans for the UK’s National Data Library (NDL) have been revealed, a landmark initiative designed to streamline the use of public sector data. In Tuesday’s report, the Tony Blair Institute and The Entrepreneurs Network officially published their plans for the proposed library and a road map to achieve it. The paper reveals how the library [...]
UK government aligns with US with AI regulation delays February 25, 2025 The UK government has postponed its plans to introduce legislation regulating artificial intelligence (AI), as ministers reassess their approach in light of the US’s de-regulatory stance on AI. The proposed bill aimed to require AI companies to submit large language models (LLMs), like OpenAI’s ChatGPT, for testing by the UK’s AI safety institute. It was [...]
Shein profit slumps as Temu gains ahead of London IPO February 23, 2025 Shein’s net profit fell by almost 40 per cent in 2024, raising doubts about its long planned London stock market listing. Shein’s profits dropped by more than a third last year, adding to the fast fashion group’s challenges ahead of a long-planned flotation that would be one of the biggest on the London stock exchange [...]
