Asda ditches Aldi and Lidl price match promise just a year after launch January 29, 2025 Asda has axed its price-matching scheme with Aldi and Lidl in a bid to stop “dancing to the tune of the discounters”, according to reports. The Leeds-based firm, which in January 2024 became the first of the UK’s ‘big four’ to offer the scheme, said it wanted to focus on “its own great Asda prices, [...]
Why DeepSeek’s breakthrough could blow up an AI market bubble January 29, 2025 DeepSeek’s new AI model made history on Monday by triggering US markets and wiping billions off leading tech stocks. Yet, its breakthrough may have a positive impact on the AI landscape. The Chinese startup’s new chat-bot, a rival to ChatGPT’s OpenAI, gained traction due to its ability to deliver high performance, at a far lower [...]
Jaguar Land Rover: Profit suffers £100m reverse despite sales rise January 29, 2025 Jaguar Land Rover (JLR) has revealed its pre-tax profit reversed by more than £100m during its latest quarter despite a rise in sales. The automotive giant has posted a pre-tax profit of £523m for the final three months of 2024, down from the £627m it reported during the same period in 2023. However, despite the [...]
‘Not a second to waste’: City of London calls for action to back up Reeves plans January 29, 2025 The City of London has warned the government there “isn’t a second to waste” in pushing through its growth plans today after the Chancellor Rachel Reeves set out proposals designed to kickstart investment into the economy. In a speech in Oxfordshire, Reeves looked to reset the government’s economic agenda in a speech which committed to [...]
Chancellor’s growth plans will create a ‘dynamic economy’ – if they materialise January 29, 2025 The Chancellor's plans to kickstart economic growth will help to create a more "dynamic economy", experts said - if they become a reality.
Netflix actor Chrissy Metz: Country music rejects bigger white women January 29, 2025 This Is US actor Chrissy Metz is crying out for a comedy gig – and while we’re at it, she’d like one of her country songs to top the charts. As she takes on her latest role in Netflix’s Bank of Dave 2, she tells Adam Bloodworth why that’s proving much harder than success in [...]
Manchester set to become ‘global capital of football’, says Burnham January 29, 2025 Manchester will become “the global capital of football” following a major regeneration project centred around a new Manchester United stadium, says the city’s mayor Andy Burnham. The government and Trafford Council have pledged to support the wider revamp of the area, which is set for a transformation like that catalysed in Stratford by the London [...]
Nick Train: ‘I’m running out of ways to say sorry’ for poor performance January 29, 2025 Star fund manager Nick Train has apologised again for the poor performance of his £1.4bn Finsbury Growth & Income trust. Over the last five years, the trust’s share price has grown only 10.9 per cent, compared to its benchmark’s growth of 26.5 per cent, according to its most recent factsheet. Tracking the FTSE All-Share index, [...]
Reeves confirms backing for Heathrow expansion but refuses to rule out new business taxes January 29, 2025 Rachel Reeves has confirmed the government’s backing for a third runway at Heathrow in a major speech on economic growth. The Chancellor addressed journalists, business leaders and cabinet ministers at Siemens Healthineers in Oxfordshire on Wednesday morning. She said: “Heathrow is at the heart of the UK’s openness as a country, it connects us to [...]
Virgin Wines: ‘A decent Christmas was needed and delivered’ January 29, 2025 Virgin Wines delivered a strong Christmas trading performance and outperformed the wider market, although revenue remained flat year on year. Revenue increased by 6.7 per cent year-on year during the six weeks to 27 December, 2024, the company told markets this morning. Sales rose nine per cent in December 2024 versus December 2023, reaching the highest level since the Covid-19 lockdowns, [...]