Pearson: Educational publisher starts to reap rewards of AI October 29, 2024 Pearson said it is starting to see “commercial benefit” from the integration of artificial intelligence (AI) into its services. The education publisher said there have been over five million student interactions with its higher education AI study tools in the nine months to September, leading to double-digit year on year billings growth in its higher [...]
HSBC shares pop as bank beats profit estimates and launches $3bn buyback October 29, 2024 HSBC has unveiled its latest share buyback after beating profit estimates in the third quarter as the Asia-focused bank gears up for a major restructuring.
BAE Systems plots £220m transformation to create hundreds of jobs October 29, 2024 Defence company BAE Systems is planning to invest £220m to transform its Rochester base into an “advanced technology” factory. The century-old site, which specialises in aerospace technologies and electronic systems, will be revamped into a “state-of-the-art” 32,000sqm facility. BAE Systems expects the bigger and “more efficient” factory will create 300 jobs over the next five [...]
How we morphed a party outfit into a multi-million pound costume business October 29, 2024 How I turned an impromptu party outfit into a multi-million-pound business
This will-we, won’t-we budget is causing economic harm October 29, 2024 Watching the will-we, won’t-we budget commentary unfold over the past few months has been painful and has caused significant uncertainty across the market. Not to mention that delaying the budget to October following the July election was a misstep, it has resulted in drawn-out public scrutiny of the multitude of possible tax changes on the [...]
Chrysalis raises Klarna valuation ahead of fintech’s planned IPO October 28, 2024 Chrysalis raised the valuation it assigns to its stake in Klarna as the buy-now pay-later (BNPL) giant gears up for a hotly-ancitipated IPO next year.
US investor revives controversial Revolut share offer after FCA setback October 28, 2024 A US private equity firm is pressing on with a controversial effort to grow its stake in Revolut at a heavy discount, City AM can reveal, after its previous offer was scuppered by the City regulator.
Former Accenture exec Peter Lacy settles claim with consultancy giant October 28, 2024 Accenture’s former head of sustainability Peter Lacy has settled his employment case with the consultancy giant, City AM can reveal
Prestige oil spill: Insurer London P&I Club faces French and Spanish states in English court October 28, 2024 Insurer London P&I Club is facing both the French State and the Kingdom of Spain in a London court on Tuesday in a legal battle that stems over 20 years
A ski holiday on the Swiss Riviera, with deserted slopes and a long snow season October 28, 2024 Enjoy the precision and serenity of German-speaking Switzerland for a unique Swiss Riviera ski holiday adventure by train, boat and bus. By Rob Rees The Luzern area of Central Switzerland provides a perfect gateway to top notch ski areas, easily accessible from Zürich or via train from Paris. Zürich airport, with its efficient train station [...]