Share price plummets: Sorrell’s S4 Capital downgrades outlook as tech slowdown bruises ads market September 18, 2023 Shares in Sir Martin Sorrell’s S4 Capital plunged as much as 27 per cent at market open after it reported a mix bag of updates for the first half of 2023, with a strong technology division failing to make up for a slow ads market elsewhere in the business. The firm reported an operating loss [...]
City Pages: 5 books on the changing world of work September 18, 2023 We review five new-in titles that re-examine our relationship to our jobs in the brave new post-pandemic world of work.
The Notebook: Kokou Agbo-Bloua on humanity’s obsession with fire, the moral dilemmas raised by AI and why China’s outlook is a case of ‘heavy cloud, no rain’ September 18, 2023 Today, it’s Societe Generale’s global head of economics,cross-asset and quant research Kokou Agbo-Bloua with the Notebook pen The Red Flower and future energy We all remember the enchanting lyrics of the Monkey Song, ‘I wanna be like you’, from Walt Disney’s 1967 film The Jungle Book. In the movie, Mowgli is captured by a troop [...]
Elon Musk’s ambition for the future of digital payments September 16, 2023 Jonny Fry takes a look through what he believes are Elon Musk's plans for 'X' and digital assets - game-changer, or a new game altogether?
Arm maintaining its lofty US valuation will be indicator for London IPO revival September 15, 2023 Shares in Softbank’s Arm have taken flight, surging nearly 25 per cent above their Nasdaq debut price, marking a triumphant return to the public markets after a seven-year hiatus for the chip designer. A loud reception has bolstered market experts’ optimism for beleaguered IPOs, which has faced substantial headaches in recent years, such as rising [...]
Bitcoin’s usual September slump is still catching the odd wave of positivity September 15, 2023 Jason Deane looks back over the crypto week and assesses how Bitcoin is coping in the traditional September slump.
Arm shares soar on debut with hopes rising float could kick off IPO revival September 15, 2023 The Cambridge chipmaker's IPO has bankers hoping the moribund float market may finally be opening up again
Gousto eyes return to profit after slashing jobs in the wake of post-pandemic losses September 14, 2023 Gousto, the recipe box delivery service, has said it is on track to return to profit this year, following a year of losses fuelled by soaring inflation and economic headwinds. But losses for the business, whose backers include wellness guru Joe Wicks, widened to £157.6m in 2022, against £19.9m a year earlier, blamed on spiralling [...]
Bitcoin and Ethereum push on as another asset manager joins ETF race September 14, 2023 Bitcoin is up 1.5% in the last day, trading above the key $26k level this morning while Ethereum (ETH) is up 2.3%.
Opportunity and risk: why we need ethical accountability in the adoption of AI systems September 14, 2023 We know AI is going to change our world. What we are less sure of is exactly how that change is going to manifest itself. Already, AI-infused innovation has markedly changed our daily lives; think of the facial recognition technology that allows us to unlock our phones, or the map apps that prevent us from [...]