Meet the fund managers: Quality companies at a value price October 14, 2024 In this weekly series, investment reporter Elliot Gulliver-Needham sits down with a fund manager for a Q&A. This week, we’re hearing from Chris Rossbach, manager of the J. Stern & Co. World Stars Global Equity Fund. This is a transcript from an interview you can watch online. It has been edited for length and clarity. [...]
Investors brace for Netflix third quarter results screening October 13, 2024 Netflix is set to post quarterly earnings on Thursday, with analysts expecting another strong set of results from the king of streaming. An analyst consensus has forecast third quarter sales of around $9.8bn (£7.5bn) up 14 per cent year-on-year, and net income of $2.2bn (£1.7bn), with earnings per share expected at $5.07 (£3.88). In July, [...]
Mark Kleinman: Will Reeves step back from a Hallowe’en nightmare? October 10, 2024 Mark Kleinman is Sky News’ City Editor and is the man who gets the City talking in his weekly City AM column.
Amazon announces raft of new AI gambits as it battles rise of Temu and Shein October 9, 2024 Amazon has announced a raft of new artificial intelligence (AI) features and technologies to speed up deliveries and reduce costs across its business. The logistics giant plans to deploy a fleet of 1,000 electric delivery vans with a new AI-powered ‘vision-assisted package retrieval’ (VAPR) technology that allows drivers to find packages faster and more easily. [...]
Sketch: PMQs falls flat – do Sunak and Starmer not get the rules? October 9, 2024 With the Tories immersed in a leadership contest and Labour emerging from weeks of freebie headlines and internal drama, Westminster watchers will have turned to this week’s PMQs for a much needed injection of drama. Grab your popcorn, it’s box office time. Surely the acting leader of the Conservative Party could at least muster up [...]
Two IPL team owners battle to buy Manchester Originals in Hundred sale October 9, 2024 The interest is a significant boost for England cricket chiefs’ much-maligned sales process.
Leading with insight: Geradin Partners corners trend in competition law October 7, 2024 When trying to "shake things up" in the competition legal market, who better than someone who spent over seven years as a legal director for the regulator
Audible: UK’s love for original content helps double profit October 3, 2024 Profit at the UK arm of audiobook and podcast giant Audible, which is owned by Amazon, doubled during its latest financial year, it has been revealed. The London-headquartered division has posted a pre-tax profit of £29m for 2023, up from the £14.7m it achieved in 2022. Newly-filed accounts with Companies House also show that Audible’s UK turnover [...]
Profit slashed at Britain’s Got Talent maker Fremantle October 3, 2024 Profit was slashed at the UK arm of Fremantle, which makes shows such as Britain’s Got Talent during its latest financial year, it has been revealed. The London-headquartered division has reported a pre-tax profit of £9.4m for 2023, down from the £22.9m it achieved in 2022. Newly-filed accounts with Companies House also show its turnover [...]
Rabbit R1 founder defends ‘unfinished’ AI gadget October 2, 2024 When Jesse Lyu unveiled Rabbit’s flagship device, the R1, in January, the response was swift. The neon-orange, compact AI-powered gadget quickly gained attention for its playful design, selling over 100,000 units in just a few months – a feat that founder Lyu has hailed as “incredible for a first-gen product.” But many of those who [...]