Lawmakers in the European Parliament have stamped their approval on the landmark EU Artificial Intelligence (AI) Act today, as the bloc races ahead of the UK in regulating the rapidly …
Personal Finance
Sales rise fails to stop Build-a-Bear Workshop entering the red
The UK arm of Build-a-Bear Workshop fell to a loss despite increasing its sales in its stores by 35 per cent, newly-filed accounts have revealed. The company has published its …
Gen Z can’t use pens and Boomers are too slow: The office as a generational battleground
According to data from The Adaptavist Group, a staggering nine in ten employees have reported conflict across the digital divide at work, with 85 per cent stating these divisions have …
John Lewis returns to profit but cuts staff bonus for third year running
The employee-owned John Lewis Partnership (JLP) will again not pay staff a bonus this year, but it has reported a return to profit, as boss Sharon White nears departure. The …
London ‘no longer the home of mining’ as activist pushes for Glencore to shift listing to Sydney
An activist investor has called for Glencore to shift its listing from London to Sydney and improve cash returns to jump-start its share price. The activist, Tribeca Investment Partners, an …
Smartspace: Another London firm looking to go private with £28.4m buyout offer
Software company Smartspace has received a £28.4m buyout offer (90p a share) from Sign In Solutions, the firm said today. Smartspace specialises in visitor and employee management software for offices, …
Motor finance probe accelerates as FCA chief warns it’s ‘improbable we’ll find nothing’
The Financial Conduct Authority said it is looking to accelerate its probe into the motor finance market today as chief Nikhil Rathi warned that it is “improbable we will find …
Deliveroo ends 2023 on a high, expects positive cash flow in 2024
Strong demand for takeaways and lower costs helped Deliveroo record positive earnings before interest, taxes, depreciation, and amortisation (EBITDA) last year. The company reported adjusted EBITDA of £85m, up from …
Empiric Student Property earnings skyrocket thanks to student housing shortage
Empiric Student Property reported strong earnings growth in 2023 as the number of full-time students in the UK reached over 2.2m. The group reported that in 2023, 22 per cent …
London Underground chaos as Metropolitan, Northern Line and Overground suspended
Commuters are facing chaos on the London Underground this morning after signalling issues and faulty trains caused severe delays and suspended services on multiple lines. As of 6:30am, there were …