Amazon share price tanks after software giant announces fall in cloud spend April 28, 2023 The brakes appeared to be coming on to Amazon’s cloud growth spending as the tech giant said it was looking to cut costs. The news overshadowed the company’s quarterly sales, and an announcement that its profits that topped expectations. Amazon’s value rose $125bn (£100bn) but remarks by its chief financial officer Brian Olsavsky, drove the [...]
London businesses lament dismal start to 2023 after another rail strike set for January December 20, 2022 Hospitality leaders have reiterated calls for rail firms and unions to hash out an eleventh-hour resolution to swerve January strikes, after train drivers announced another walk-out. Train drivers at 15 companies in the union Aslef have agreed to strike on 5 January, as part of a long-standing pay dispute. The walkout will take place on [...]
Tesla out, Nvidia in: Where investors are putting their money June 11, 2024 Nvidia, Tesla and commodities: Victoria Scholar takes the Notebook pen to talk about the latest trends in retail investment.
Abrdn poised to offload private equity arm July 20, 2022 FTSE-100 asset manager Abrdn is poised to offload the division that manages its private equity funds as it looks to simplify its structure, according to reports.
Ted Baker founder Ray Kelvin backs Sycamore bid April 17, 2022 Ousted Ted Baker founder Ray Kelvin has given his support to taking the retail giant private following a rocky performance since his departure.
Arts and crafts giant Hobbycraft’s expansion drift undiminished with new stores and recruitment drive planned June 27, 2022 Several new stories and a recruitment drive are on the agenda of arts and crafts retail chain Hobbycraft as the company confirmed this morning it plans to continue its expansion after a lift in profits for the past year. The company said its adjusted pre-tax profit for the 2022 financial year was £15 million, which [...]
FTSE 100 close: Barclays, HSBC and Easyjet shine on otherwise poor day in London January 25, 2023 London’s FTSE 100 today gave up morning gains to finish lower before stronger-than-expected retail earnings provided a balm against recession fears. The capital’s premier index fell 0.22 per cent to 7,740.34 points, while the domestically-focused mid-cap FTSE 250 index, which is more aligned with the health of the UK economy, slid 0.38 per cent to [...]
The Notebook: Neil Bennett on replacing himself with AI November 1, 2023 The notebook is a place for interesting people to say interesting things. Today, it’s the turn of global co-CEO of H/Advisors, Neil Bennett. What to look out for at the AI Summit, from Elon to lip service I, or artificial intelligence, has been the talk of the town for quite some time now. The technology [...]
Barclays pulls back from Africa with £538m Absa sale September 1, 2022 British lender Barclays announced it had shed its remaining 7.4 per cent stake in South African bank Absa today as it dramatically pulls back its presence in Africa. Bosses at Barclays said this morning the sale would earn Barclays around £538m, representing around a £31m loss on its investment. The sale followed an announcement from [...]
What a new world order might mean for the global economy July 18, 2022 Russia’s invasion of Ukraine has opened fault lines between nations which will affect trade relations and investment for years to come. The war in Ukraine is already having a significant effect on inflation and activity in the world economy as commodity prices have soared and supply chains have been disrupted. Inflation in the G7 was [...]