Galliford Try raises outlook following bumper year September 20, 2023 Construction firm Galliford Try reported a 12.6 per cent surge in revenues rising up to £1.3bn in its full year results, as the company raises its outlook for the year ahead. The London-listed firm, which builds everything from flats to roads, said statutory profit before tax also rose 87.7 per cent to £10.1m during the [...]
Great British Railways confirmed: Body will take ‘politics out’ of sector, says Mark Harper February 7, 2023 Transport secretary Mark Harper has confirmed the creation of Great British Railways, saying the new public body will take “politics out of the railways”. “This is not Network Rail 2.0, nor a return to British Rail,” Harper told the sector as he delivered the annual George Bradshaw address earlier this evening. “Taking the politics out [...]
SME business activity returns to growth, but priorities are changing January 18, 2024 Business activity for UK small and medium enterprises (SMEs) has reached its highest since May of last year, the latest data shows, but one particular challenge remains clear.
Services sector reaches 13-month high but UK growth ‘lopsided’ as consumers raid the storecupboard April 21, 2023 Growth of Britain’s services sector has reached a year-high in April, a closely watched survey has revealed. Figures released this morning in S&P Global/CIPS flash UK purchasing managers’ index, show output rose to 53.9 in April from 52.2 in March. The survey showed that private sector growth had increased for the third consecutive month, beating [...]
Competition watchdog issues warning on AI foundation models like ChatGPT April 12, 2024 The CMA said it is concerned about the concentration of market power among a handful of incumbent technology giants' AI models.
Tesco urges government to stick to net zero goals to boost business confidence September 6, 2023 Tesco boss Ken Murphy backed net zero, and has called on political parties to ramp up support for low carbon solutions for the food sector.
Rachel Reeves to claim ‘party of business crown’ with Labour conference speech October 8, 2023 Labour are gunning for the ‘party of business’ crown as Rachel Reeves prepares to unveil a string of policies on planning, building and investment in a bid to woo the private sector. Speaking at Labour conference in Liverpool, the shadow Chancellor will pledge to speed up the race to get critical infrastructure built, drive growth, [...]
Apple cut at least 600 employees when it ditched its car project April 5, 2024 Apple's layoffs affected employees across various California addresses, with most from sites linked to the company's now-defunct car unit dubbed Project Titan.
Meet the fund managers: Matching multi-asset to macroeconomic shifts April 15, 2024 This week on Meet the Fund Managers, we’re hearing from Bhavin Shah, lead manager on the multi-asset BNY Mellon FutureLegacy range.
The man behind the Elizabeth Line: Building in the UK is “tough” November 28, 2023 MTR Corporation's UK chief sits down with City A.M. to discuss the Elizabeth Line and what British rail needs to get back to its best.