After the Nvidelity comes the Huangover. Jensen Huang joins long list who confused boardroom and bedroom
‘Not the end of the story:’ Uncertainty for motor finance lenders after court ruling August 5, 2025 Banking stocks may be revving up on the back of a legal win but motor finance lenders might find there is still trouble lurking under the bonnet. City banks dodged a £44bn liability after the Supreme Court upheld the appeal of two banks in the historic car-misselling case. On Friday, Close Brothers and First Rand [...]
S&U: Motor finance redress scheme must show a changed FCA August 5, 2025 The chair of specialist lender S&U has said the motor finance redress scheme offers the UK’s financial watchdog the prime opportunity to turn its ‘regulate for growth’ rhetoric into action. Anthony Coombs hailed the “common sense” car finance ruling from the Supreme Court as attention turns to the response by the Financial Conduct Authority (FCA). But [...]
The future of job loss from AI: what businesses need to do right now August 5, 2025 Acknowledge uncertainty but communicate clearly about the coming upheavals from AI AI is no longer quietly rewriting workflows. The alarms are coming from inside the boardroom. Executives at Ford, Amazon and JP Morgan are publicly warning of deep job losses as AI reshapes their operating models. Ford’s Jim Farley has said half of all white-collar [...]
Advisory giant Teneo valued at £1.7bn in fresh deal August 4, 2025 Advisory firm Teneo has received fresh backing from a top Liechtensteiner buyout firm valuing it at $2.3bn (£1.73bn), in a deal that suggests the malaise afflicting the world’s largest holding companies and consultancies is not extending to more specialist or diversified firms. LGT Capital Partners is backed by Liechtenstein’s royal family and has over $100bn [...]
London Spirit captain hopes Hundred investment can close pay gap August 4, 2025 London Spirit captain Charlie Dean hopes that more investment into The Hundred can close the pay gap between the men’s and women’s competitions. Players in the women’s top bracket of this year’s edition of The Hundred are set to earn £65,000, a 30 per cent increase on last year, for a month of cricket. In [...]
Metlen shares jump on £5bn London debut August 4, 2025 Metlen Energy and Metals had a strong first morning as a London Stock Exchange constituent, after the Greek industrials giant opted to shift its primary listing from Athens. The group’s shares opened at €48 (4180p) – 1.8 per cent higher than the stock’s closing price in Athens of €47.16 – and continued to rise throughout [...]
Laing O’Rourke: Heathrow Terminal Five builder doubles profit August 4, 2025 Laing O’Rourke, the construction giant behind Heathrow’s Terminal Five, more than doubled its profit during its latest financial year. The business has posted a pre-tax profit of £41.5m for the 12 months to 31 March, 2025, up from the £18.1m it reported for the prior year. The profit comes after Laing O’Rourke lost £288m in [...]
Thomas Partey set for court as he nears Villarreal move August 4, 2025 Former Arsenal midfielder Thomas Partey is due to appear in court in London tomorrow on rape and sexual assault charges as he finalises a transfer to Spanish club Villarreal. The 32-year-old Ghana international will appear before Westminster Magistrates’ Court on Tuesday after being charged with multiple counts of rape and sexual assault last month. He [...]
Tesla board awards Musk $29bn in shares August 4, 2025 The board of the world’s most valuable carmaker has approved the award of shares to chief executive Elon Musk worth a staggering $29bn (£21.7bn) in efforts to prevent the billionaire from leaving the firm. The new award by Tesla, which amounts to 96 million new shares, comes as part of a new pay deal, after [...]
Motor finance ruling hands City banks £7bn stock boost August 4, 2025 The FTSE 100’s banking giants added billions to their market value on Monday after a hefty boost from the Supreme Court’s motor finance ruling. Lloyds Banking Group bolstered its market capitalisation by over £3.5bn after a seven per cent surge to a five-year high on the back of the top Court’s ruling last Friday. The [...]