Prudential: FTSE 100 insurer smashes profit expectations March 20, 2025 FTSE 100 insurer Prudential beat profit expectations amid news it is considering spinning off its Indian asset management business. The firm reported adjusted operating profit before tax of $3.1bn (£2.4bn), up 10 per cent and above analyst expectations of $3bn, it revealed in its full-year results. As expected by analysts, Prudential also increased its dividend [...]
It’ll take more than a White House PR stunt to turn Tesla around March 19, 2025 Elon Musk represents a reputational risk to Tesla and the company’s value could soon collapse to near zero, says John Caudwell Tesla will need a lot more than a PR stunt on the White House driveway to reverse its current despairing fortunes as anti-Elon Musk and anti-American trade war sentiment reverberates around the globe. While [...]
AI agents: meet your new (cheaper) colleague March 13, 2025 The rise of AI agents is reshaping the workplace as their potential to redefine numerous job roles increases. Across various business sectors, firms are integrating these ‘agents’ to reduce costs, improve efficiency, and enhance decision making. As adoption accelerates, traditionally human roles are becoming progressively automated. Meanwhile, other roles are evolving at a similar rate [...]
Allianz extension insures IOC against further sponsor losses March 12, 2025 The International Olympic Committee (IOC) has further shored up its sponsor roster after losing several big clients by extending its partnership with Allianz to 2032. Allianz has also added a further four years to its deal with the International Paralympic Committee (IPC), which will conclude after the Brisbane 2032 Games. The insurance giant joined the [...]
Jake Greenberg firm Cobalt Holdings set for London listing March 10, 2025 The co-founder of uranium firm Yellow Cake’s new venture, Cobalt Holdings, is looking to float in London as early as May. The Times reports that Jake Greenberg’s firm is looking to raise £180m to buy up $200m (£155m) of Cobalt from Glencore in a six-year supply deal. Glencore is set to be a cornerstone investor, [...]
Scottish Mortgage Investment Trust: City broker warns of underperformance March 5, 2025 City broker Stifel has warned that popular investment trust Scottish Mortgage might suffer from underperformance in coming years as growth-focused US stocks begin to fall out of favour with markets. In a research note today, Stifel analysts Iain Scouller and William Crighton said that noted that Scottish Mortgage’s share price has jumped around 27 per [...]
Dollar risks losing safe haven status, says Deutsche Bank March 4, 2025 The dollar is at risk of losing its traditional status as a safe haven for global investors following a tariff backlash, a European banking giant has warned. German-based Deutsche Bank said: “This needs to be acknowledged as a possibility” after the speed and scale of geopolitical uncertainty accelerated the dollar’s turmoil. The concerns were shared [...]
Canada and Mexico tariffs: No10 stresses ‘balanced’ trade relationship with US March 4, 2025 The UK has a “strong, fair, balanced and reciprocal trading relationship” with the United States, No10 has stressed, as US tariffs came into force against Canada and Mexico. President Trump’s tariffs on goods from Canada and Mexico took effect on Tuesday, with global markets put on edge and retaliations planned by the two countries – [...]
The capital of Cambodia is underrated – but it’s as good as Bangkok March 4, 2025 It’s the last day of Khmer New Year as I disembark my vessel, step off the Mekong River and into the sweaty clutches of Phnom Penh. Cambodia’s capital is a playful cityscape of concrete and glass, reflecting the vast economic boom the country has experienced over the last decade, not to mention its strong ties [...]
Wayve: Nvidia, Uber and Softbank backed EV startup set for global expansion March 3, 2025 British artificial intelligence (AI) startup Wayve, which develops autonomous vehicle systems, has announced plans to accelerate its international expansion by launching a new hub in Stuttgart, Germany. Backed by tech giants Uber and Softbank, the self-driving firm is testing its AI-powered self-driving tech in Germany and the US and plans to secure partnerships with various automakers. [...]