Artificial intelligence (AI) needs to be democratised so it does not just remain in the “clammy hands” of Big Tech companies based in California, the president of Meta has said. …
Retirement Planning
Spotify to hike price of ad-free premium service to almost £12
Spotify has announced that from May it will hike up the price of its premium service by more than nine per cent to £11.99. The streaming giant told subscribers the …
Big US banks JPMorgan, Citi and Wells Fargo to benefit from slower Fed interest rate cuts
The largest US banks are likely to report that the interest rate windfall will last a little longer when they start reporting results for the first quarter on Friday. JPMorgan, …
London-based accountancy firms BKL and Wilson Wright have merged
North London-based accountancy firm BKL and City-based accountancy firm, Wilson Wright have merged together to create a £46m revenue firm. Both firms specialised in SMEs, entrepreneurs and high-net-worth individuals by …
Third Point U-turns on activist investors in bid to fix discount
Hedge fund Third Point has appointed a duo of activist investors to its board in a bid to close the trust’s wide gap between its net asset value and share …
Are LVMH, Nestle, L’Oreal and Hermes Europe’s alternative to Microsoft, Apple, Nvidia and Tesla?
Much has been made of the ‘Magnificent Seven’ tech stocks – Meta, Apple, Amazon. Alphabet, Microsoft, Nvidia and Tesla – which have dominated the US market amid a boom in …
JCB billionaire and Brexit champion Lord Bamford retires from House of Lords
Lord Bamford, the billionaire executive chairman of JCB and major Brexit backer, has retired from the House of Lords. Parliamentary records have confirmed that the Conservative peer, 78, stepped down …
Next and Mike Ashley’s Frasers Group mull Ted Baker rescue deal
Mike Ashley’s Frasers Group and Next have reportedly expressed interest in buying Ted Baker. The UK retail giants, both known for acquiring troubled brands, have reportedly contacted the business’s administrators …
Pillow fight: Sofa-seller DFS reviews pay policy after bloody nose from shareholders
Sofa-seller DFS is reviewing the pay policy of its top executives after shareholders mounted a revolt at its annual general meeting. At the the furniture retailer’s annual meeting in November, …
Mike Ashley’s Sports Direct locks horns with Premier League club Newcastle United over replica kits
Legal parties for Mike Ashley’s Sports Direct and Newcastle United clashed at the Tribunal on Tuesday, as the retailer sought an injunction against the Premier League club. Sports Direct, part …