Private equity stands ready to help the government deliver growth August 30, 2024 Private capital backed British businesses to the tune of £20bn last year, but with the right tax and regulatory environment there’s even more we could do, says Michael Moore The fastest growth in the G7. If that sounds ambitious, that is because it is. This level of economic growth, promised by the new Labour government, [...]
Uber partners with Wayve to offer self-driving rides August 29, 2024 Uber has already announced tie-ups with self-driving group's Waymo and Cruise this year as it pushes into the nascent autonomous vehicle market.
Nvidia shares slump despite company’s record-breaking revenue August 29, 2024 Nvidia shares are down over eight per cent in after hours trading even after it smashed its forecasts and posted record revenue. Revenue for the second quarter hit a new record of $30bn (£22.7bn), up 15 per cent from the first quarter and up 122 per cent from the previous year ago. Nvidia also posted [...]
Channel 4 Ventures backs new Elvis show creator Layered Reality August 29, 2024 Channel 4 Ventures has backed Layered Reality, which recently won the rights to create an immersive experience based on the life of Elvis.
Square Mile and Me: James Uffindell on building Bright Network August 29, 2024 Each week we ask a City figure to take a trip down memory lane. Today, James Uffindell, CEO of Bright Network, takes us through his career.
Activist short seller Hindenberg accuses stock behind AI boom of ‘accounting manipulation’ August 28, 2024 Activist short seller Hindenberg Research has targeted Super Micro Computer in its new report for “accounting manipulation”, as the group takes aim at the centre of the AI boom. The $32bn company has “ridden the wave of AI enthusiasm” to grow its stock price almost 700 per cent over the last two years, the group [...]
Starmer to woo investors as new UK-Germany deal talks launched August 28, 2024 Sir Keir Starmer is set to woo major investors during a European trip which will see him launch negotiations for a major new UK-Germany treaty. The Prime Minister is set to meet bosses from Siemens Energy and Rheinmetall, as well as investors from Thales, Eutelsat, Mistral AI and Sanofi during visits to Berlin and Paris. [...]
European VC firm Redalpine opens London office after £151m fundraise August 27, 2024 European venture capital firm Redalpine has raised $200m (£151.3m) for its largest ever fund, Redalpine capital VII, and opened a new office in London. Founded in Switzerland in 2006, the company has been the backer of companies like Klarna, tax filing software Taxfix and German neobank N26. Redalpine has also funded more than 10 UK-based [...]
Klarna swings to adjusted profit in first half of 2024 ahead of planned listing August 27, 2024 Klarna swung to an adjusted profit in the first half of 2024 as the buy-now pay-later giant makes progress on its bottom line ahead of a planned stock market listing.
Interest rates are coming down – but how low will they go? August 27, 2024 There will be multiple debates over the next few months about how fast and how far interest rates should be cut. But how low will they go? Chris Dorrell asks