Tech stocks plunge after Big Short investor bets against AI November 4, 2025 American tech stocks fell sharply on Tuesday after a hedge fund manager famed for predicting the Global Financial Crisis revealed he had taken out a billion-dollar bet against some of the world’s largest artificial intelligence companies. Michael Burry, the star stock picker whose decision to short the property market was depicted in the blockbuster ‘Big [...]
Options Announces Sponsorship of Elite Athlete Kate O’Connor November 4, 2025 Options Technology (Options), the leading provider of capital markets infrastructure, today announced sponsorship of one of Ireland’s elite athletes, Kate O’Connor, the current national record holder in both the heptathlon and indoor pentathlon. Alongside sponsorship, Kate has also been offered an internship with the company. This press release features multimedia. View the full release here: [...]
TELEO Capital Closes Oversubscribed TELEO Capital II at $350 Million Hard Cap November 4, 2025 TELEO Capital Management, LLC (“TELEO”), an operationally focused private equity firm focused on investing in lower middle market enterprise software companies, today announced the final close of TELEO Capital II (“Fund II”) at its hard cap of $350 million in Limited Partner capital commitments. Fund II was oversubscribed and attracted a diverse group of new [...]
Facebook cuts 660 UK jobs as revenue nears record November 3, 2025 Facebook cut more than 600 UK jobs as its revenue passed the £3bn mark in 2024, it has been revealed. The London-headquartered arm of the US giant reduced its headcount from 6,338 to 5,679 during its latest financial year. The fall comes after Facebook’s UK headcount had stood at 7,053 at the end of 2022. [...]
Should Robert Peston really be making adverts for Google? October 30, 2025 “I was struck by some analysis that Google has done that shows that the adoption of artificial intelligence can increase productivity by around 20 per cent,” ITV political editor Robert Peston says. If you weren’t paying close enough attention, you’d be forgiven for missing that Peston’s remarks form part of a new advertising campaign he [...]
‘Sower of chaos’ – Russia behind UK cyberattacks, says Cloudflare boss October 30, 2025 The recent spate of cyberattacks that have crippled British firms is largely being carried out by Russia, which used the outbreak of the conflict in Gaza as a “cover story” to deflect attention, the boss of one of the world’s largest cybersecurity firms has said. Cloudflare chief executive Matthew Prince told City AM that the [...]
Reeves: Britain’s partnership with the Gulf will deliver for working people October 30, 2025 The Chancellor says her recent visit to the Gulf has boosted trade with the region – creating jobs and bringing investment into British businesses As I return from Riyadh – where I led the largest ever UK business delegation to the Future Investment Initiative I’m more convinced than ever that the partnership between our two [...]
PwC shrinks global headcount amid $1.5bn AI drive October 28, 2025 Big Four giant PwC has shrunk its global workforce for the first time since 2010, trimming staff numbers by nearly 6,000, as the chairman cited investments in AI tools. In its annual report, published on Tuesday, PwC firms reported record gross revenues of $56.9bn for the 12 months ending 30 June 2025, marking a 2.7 [...]
Transparency concerns as FCA makes short sellers anonymous October 28, 2025 Firms short-selling UK-quoted companies will no longer have to reveal their identities in the latest deregulation drive by the UK’s financial watchdog. The Financial Conduct Authority (FCA) is consulting on a rule change to suspend disclosures of the companies that hold a short position in listed businesses, instead only publishing the total short positions in [...]