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    UK firms eye AI spending in 2026, but skills gap threatens rollout

    Greg Jackson spins off Octopus’ tech arm Kraken after $1bn injection

    Private equity firms sell assets to themselves at a record rate in 2025

    Meta president Nick Clegg says AI can’t be kept in the ‘clammy hands’ of Big Tech

    April 9, 20240232 views

    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.…

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    Spotify to hike price of ad-free premium service to almost £12

    April 9, 20240246 views

    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…

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    Big US banks JPMorgan, Citi and Wells Fargo to benefit from slower Fed interest rate cuts

    April 9, 20240264 views

    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,…

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    London-based accountancy firms BKL and Wilson Wright have merged

    April 9, 20240314 views

    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…

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    Third Point U-turns on activist investors in bid to fix discount

    April 9, 20240234 views

    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…

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    Are LVMH, Nestle, L’Oreal and Hermes Europe’s alternative to Microsoft, Apple, Nvidia and Tesla?

    April 9, 20240248 views

    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…

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    Next and Mike Ashley’s Frasers Group mull Ted Baker rescue deal

    April 9, 20240222 views

    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…

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    JCB billionaire and Brexit champion Lord Bamford retires from House of Lords

    April 9, 20240242 views

    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…

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    Pillow fight: Sofa-seller DFS reviews pay policy after bloody nose from shareholders

    April 9, 20240271 views

    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,…

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    Mike Ashley’s Sports Direct locks horns with Premier League club Newcastle United over replica kits

    April 9, 20240259 views

    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…

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