Amazon reported slowing online sales growth in the second quarter and said cautious consumers were seeking out cheaper options for purchases, sending shares down nearly eight per cent. The after-hours …
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Team GB at the Paris 2024 Olympics: How many medals will Britain win in athletics?
The athletics got underway yesterday with the race walks but the Stade de France stadium programme really kicks off for Team GB this morning. Athletics will be a daily occurrence …
Aston Martin raises debt to power production ramp-up
Aston Martin has raised £135m through a debt placing as it looks to shore up the balance sheet ahead of a production ramp-up later this year. The marque said it …
Apple pins hopes on AI for iPhone upgrades as China sales falter
Apple said its third-quarter iPhone sales were better than expected and forecast more gains on Thursday as it bets on artificial intelligence to attract buyers, even as its overall China business disappointed. Shares …
Axa reports over £50bn in revenue amid talks to sell asset management unit for whopping fee
Axa reports £50.8bn in revenue as the firm enters talks with BNP Paribas to sell asset management unit for £4.3bn. French insurer Axa reported underlying earnings over H1 2024 at …
Intel shares tank after chipmaker announces over 15,000 job cuts
Intel said on Thursday it would cut more than 15% of its workforce, some 17,500 people, and suspend its dividend starting in the fourth quarter as the chipmaker pursues a turnaround …
IAG: British Airways owner brings back dividend for the first time since Covid-19
IAG, the airline conglomerate which owns British Airways, has unveiled plans to reinstate dividend pay-outs for the first time since Covid-19 decimated the aviation industry. “We see continuing strong demand …
Virgin Money lending dips in run-up to Nationwide takeover
Virgin Money’s lending to customers dropped by one per cent last quarter as the group prepares to be taken over by Nationwide imminently. Britain’s sixth-biggest high street bank reported that …
Capita swings back into the black as it ploughs ahead with £160m of cost cuts
Outsourcing firm Capita has swung back into the black as it ploughs ahead with a cost-cutting programme it hopes will save the company £160m by the end of its financial …
Intertek posts strong revenue as demand for quality assurance services rise
Inspection company Intertek reported a continued boost in revenue today as demand for its quality assurance services continued to rise throughout the first half of the year. Revenue at the …