Shein set to slash target valuation for London Stock Exchange float February 7, 2025 Fast fashion giant Shein is poised to slash the target valuation for its planned float in London as it grapples with new trade barriers in the US and growing political concerns in the UK, according to reports. The Chinese founded retailer, which is expected to list in London later this year, is set to be [...]
‘Unproven’ green tech to have significant impact on energy bills, MPs warn February 7, 2025 Government investment into “unproven” carbon capture schemes is set to have a “very significant effect” on households’ energy bills, an influential group of MPs is warning. Ministers have backed investment into carbon capture, usage and storage (CCUS) schemes in a bid to achieve the UK’s legally mandated climate goals, including net zero by 2050. But [...]
Porsche 911 Carrera GTS T-Hybrid review: The 911 goes electric February 7, 2025 We knew it was coming and so did Porsche; the current ‘992’ generation of 911 was engineered to accommodate a battery and electric motor from the outset. Even so, this feels like an evolutionary leap: a milestone in the car’s 62-year story so far. In time, will the arrival of a hybrid 911 be seen [...]
City split following Bank of England’s interest rate decision February 7, 2025 Analysts are divided about how far and how fast the Bank of England is likely to cut interest rates in the remainder of this year following yesterday’s decision. Rate-setters backed a third 25 basis point rate reduction, which brought the Bank Rate down to an 18-month low of 4.5 per cent. Every member of the [...]
Lloyds places thousands of jobs under review in tech overhaul February 7, 2025 Lloyds Banking Group has placed thousands of jobs in its IT division under review as the lender races to beef up its engineering teams and modernise its digital banking offer, City AM can reveal. The FTSE 100 bank told some 6,000 tech and engineering staff on Wednesday that their jobs may be at risk of [...]
The Last Leg maker looks to streamers amid declining linear TV industry February 7, 2025 The production company which makes The Last Leg is looking to partner with streaming giants amid the declining linear TV industry. Open Mike Productions, which was co-founded by comedian Jack Dee and Addison Cresswell, also makes the likes of Live at the Apollo. Previous shows have included Alan Carr Chatty Man and Friday Night with [...]
Will AI change how you watch the Super Bowl? February 7, 2025 From AI-generated game stats to augmented reality viewing experiences, technology is changing how we interact with sports, says Nicole Junkermann On 15 January 1967, when the legendary quarterback Bart Starr made his second touchdown of the match to clinch the game for the Green Bay Packers, America’s first-ever Super Bowl was watched by a stadium [...]
What the Bank of England interest rate cut means for your money February 6, 2025 Consumers need “careful financial planning in the months ahead” after the Bank of England cut interest rates on Thursday, wealth manager Quilter has warned. Financial planner at Quilter Holly Tomlinson said the 25 basis point cut will be “good news” for borrowers, whilst savers will be stung by lower returns on deposits. Tomlinson said: “Banks [...]
‘The Round’: Huge Bankside wellness hub gets planning permission February 6, 2025 Southwark Council has granted full planning approval for a major mixed-use scheme on Blackfriars Road in Bankside, central London. Real estate investor Hines will develop a “largely vacant” site into a sustainable office and residential neighbourhood by 2030, with construction set to start later this year. It’s one of many developments in the city looking [...]
UK’s data centre ambitions threatened by grid red tape February 6, 2025 Delays connecting to the electricity grid may risk the UK’s position in the global AI race, as proposals for new data centres are pushed down the track, experts have warned. The National Energy Systems Operator (NESO) is grappling with a major backlog, and it is understood that any proposed big infrastructure project looking to hook [...]