Can the UK’s stock market produce another £200bn company? August 14, 2024 Seismic events or a shift in valuations are likely necessary for more UK stocks to be worth £200bn, analysts have told City A.M., after Astrazeneca became the first company in six years to pass the milestone.
Could data save the NHS? August 14, 2024 If we want a better future for the NHS, we need a collective commitment to ethical, transparent and innovative data practices, says Sir Nigel Shadbolt
The City is the forefront of the fourth industrial revolution August 12, 2024 London is Europe’s pre-eminent fintech hub, attracting more investment than the next 13 European cities combined. To get ahead, we must bring that experience to bear, says Michael Mainelli As well as being an enthusiast and early adopter of technology – even predicting the internet in his 1898 short story, From The London Times in 1904 – Mark Twain [...]
UK-based AI startup raises £4m to automate ‘hyper-personalised’ marketing campaigns August 9, 2024 Userled's funding will allow it to expand its team and continue developing its AI-powered technology, which is already used by companies like Wayflyer, Deel, Onfido and Encord.
Global financial markets settle into ‘yo-yo pattern’ after Monday’s meltdown August 8, 2024 Financial markets remain jittery after a massive sell-off on Monday as analysts identify a "yo-yo pattern" of volatility across the world.
Businesses urge Starmer and Reeves to put NHS and absenteeism top of ‘policy wishlist’ August 7, 2024 Business leaders have stressed their top priority for the Labour government is to focus on strengthening the NHS, a survey of bosses has found.
UK Government doles out £32m for AI projects – after ditching £1.3bn pledge August 7, 2024 The British government has announced plans to back 98 artificial intelligence (AI) projects across the country with an injection of £32m. The funding, which aims to supercharge ‘high-growth’ industries, will benefit over 200 businesses and research outfits. The projects span a broad range, including improving safety on construction sites to slashing railway repair times and [...]
Zalando: Online fashion giant reports strong growth after push into AI August 6, 2024 Online shopping giant Zalando reported strong growth in the second quarter as it leaned into artificial intelligence (AI) in search of a bigger share of the e-commerce fashion and lifestyle market. Adjusted earnings before interest and taxes (EBIT) rose to €171.6m (£147.3m), an 18 per cent rise from £144.8m year on year in the second [...]
US recession fears ease but markets remain firmly in the red August 5, 2024 US stocks cratered on Monday as the prospect of a recession in the world's largest economy spooked investors across the globe and tech giants were hit by a mass sell-off.
Nvidia and Apple lead losses as trillions wiped from Nasdaq tech stocks August 5, 2024 Trillions of dollars have been wiped from the Nasdaq-listed tech giants taking a nosedive amid a global stock sell off, as fears of a US recession are causing investors to run for the hills. The so-called Magnificent Seven’s combined market capitalisation has lost at least $2.3t (£1.8t), equal to a 15 per cent slide from [...]