Arm’s AI ambitions hit supply chain reality despite record revenues May 8, 2026 Computing giant Arm has spent the last twelve months posing as one of the AI boom’s biggest beneficiaries, but the British chip maker’s latest results exposed that the semiconductor supply chain is lagging behind demand. The Cambridge-born company posted record quarterly revenues of $1.49bn (£1.09bn) and annual revenues of $4.92bn on Wednesday, marking its third [...]
Is Mercedes-Benz’s $500m WTA Tour partnership value for money? May 7, 2026 With the deal between Mercedes-Benz and the WTA Tour well underway, Matt Hardy heads to Madrid to see if its value for money. The supermarket meal deal, the cost of an upgrade to business class, the Category A versus Category B match ticket; value for money is one of capitalism’s greatest dilemmas. It is a [...]
AB InBev Reports First Quarter 2026 Results May 5, 2026 Solid top- and bottom-line performance: Revenue up by 5.8%, Beer volume growth of 1.2% and a 20.8% Underlying EPS increase
Greene King selling 150 pubs over ‘unprecedented costs’, boss says May 4, 2026 Greene King’s decision to put 150 pubs up for sale was a reaction to the “unprecedented” costs facing hospitality, its boss has said. The pub chain, one of the UK’s largest, revealed plans to put as many as 150 pubs on the chopping block in March and chief executive Nick Mackenzie told City AM this [...]
Geopolitical risks upend gold’s glittering demand dynamics April 29, 2026 Gold’s glittering run has upended demand dynamics, as rising prices amid the Iran war led investors to plough into a diversified range of assets. Total gold demand in the first financial quarter hit 1,231 tonnes, a modest two per cent year on year increase from 2025. But the humble increase coupled with gold’s staggering price [...]
Regulator fines PwC £95m over Chinese Evergrande audit April 23, 2026 The Hong Kong regulator fined PwC Hong Kong a landmark HK$1bn (£95m) for its role as auditor for the now-liquidated property giant, China Evergrande Group. Back in Janaury 2023, PwC resigned as Evergrande’s auditor following a series of disagreements with the heavily-indebted property developer over its audit of the firm’s 2021 accounts. This came after [...]
Tesla leans on AI and robotics as earnings fail to woo investors April 23, 2026 Tesla delivered a mixed first quarter update on Wednesday evening, beating profit expectations but missing on revenue as its core car business continued to come under pressure. The electric vehicle maker reported earnings of 41 cents per share, ahead of the 37 cents expected. Meanwhile, revenue came in at $22.39bn (£16.6bn), dipping slightly below forecasts [...]
Sainsbury’s warns of Iran war hit to customers, share price dips April 23, 2026 Sainsbury’s has warned that the Iran war “will impact both our customers and our business,” as the supermarket giant saw its share price fall. The FTSE 100 grocer’s underlying retail profit fell by more than one per cent to £1bn, which Sainsbury’s said was due to “significant operating cost inflation,” as total sales grew by [...]
AI governance for boards: A short practical guide April 22, 2026 The boards hoping AI won’t change their world are already failing their fiduciary duty. So here’s what they need to do, according to Lewis Liu When I was building Eigen, my previous AI company, I used to roll my eyes (privately) whenever someone asked me about AI bias. Eigen digitised complex financial and legal documents [...]
Sainsbury’s to deliver food inflation update as Argos future could be settled April 21, 2026 After Tesco hit back against fears of double-digit food inflation last week, supermarket rival Sainsbury’s is set to update the market this week. From the Iran war to the future of Argos, Felix Armstrong looks ahead to a landmark set of results due on Thursday. Sainsbury’s spooked shoppers last week when it threatened people caught swapping [...]