Jeremy Hunt’s hopes of another big round of pre-election tax cuts are looking more and more unlikely after this morning’s borrowing figures. Weaker-than-expected tax revenue meant the government borrowed £11.9bn …
Estate Planning
Diamond glut sees London-listed miner Anglo American cut gem production
Copper gains at London-listed miner Anglo American have been offset by a sharp cut to its diamond output as demand still fails to pick up. The company’s De Beers division …
Revolut plans advertising partnerships as it seeks new revenue streams
Revolut is planning to monetise customer data through advertising partnerships as the firm looks to diversify revenue streams on its path to more sustainable profitability. The London-based company has hired …
Silicon maker Alphawave Semi reports lower royalty revenues on ‘accelerated transition away from China’
Silicon manufacturer Alphawave Semi has said that licensing fees for its semiconductor technology rose to $154m (£124.6m) in 2023, marking a 222 per cent year on year increase as demand …
NATs row: Ryanair launches legal fight against Britain’s air traffic control provider
Ryanair has launched a lawsuit against Britain’s National Air Traffic Services (NATs) over the network-wide failure last August which saw thousands of flights grounded. The budget airline instructed its usual …
Novel Audio: Podcast maker backed by investor in Fortnite’s Epic Games names new chief after £15m claim settled
Podcast maker Novel Audio has named a new chief executive after its former boss and co-founder settled a £15m claim with its main shareholder. Craig Strachan, who was formally global …
Strong services sector helps UK economy continue to ‘gain momentum’, but inflationary fears mount
Output in the UK economy’s private sector reached its highest level in 11 months thanks to strength in services, but cost pressures accelerated, a sign that inflationary pressures may prove …
RWS: Language tech firm bets on AI to boost growth as it forecasts drop in profit
Language services group RWS Holdings is expecting a fall in profit as it bets on its artificial intelligence offerings to provide much-needed growth. The group, which translates patents and other …
How much is too much? The CEO pay predicament
One could be forgiven for thinking that the boss of a company, which has seen its share price underperform by around 10 per cent in the past year, thanks to …
Shell and Total Energies reportedly mull stake in Middle East LNG super-project
UK oil and gas supermajor Shell is reportedly considering buying a stake in the Abu Dhabi National Oil Company’s (ADNOC) liquefied natural gas (LNG) export project in the United Arab …