Amazon announces pay rise for its operational employees September 4, 2024 Online giant Amazon has announced a pay rise for its operational staff. The minimum starting pay for frontline operations employees will increase to between £13.50 and £14.50 an hour, depending on location. For those with 36 months’ service, the increase will be to between £13.75 and £14.75 an hour. Amazon said the increase was worth at least 9.8 [...]
CMA clears Microsoft and Inflection AI partnership after merger ruling September 4, 2024 Britain’s competition regulator has today cleared Microsoft’s arrangements with Inflection AI, which included a licensing deal and the hiring of former Inflection employees. The Competition and Markets Authority (CMA) announced in April it was looking at three separate deals that potentially fall under UK merger law and, if so, whether they could have a harmful [...]
Fundsmith Equity falls out of most bought list for the first time September 3, 2024 Fundsmith Equity, the largest investment fund in the UK ran by star manager Terry Smith, has fallen out of Interactive Investor’s most bought list for the first time ever. The list has been tracking the top ten most popular equities, funds and trusts on the platform since 2018. Fundsmith Equity topped the list as recently [...]
Big Talk Studios: Bumper year for ITV-owned The Outlaws maker September 2, 2024 Revenue and profit both surged at Big Talk Studios, which helped make the likes of Shaun of the Dead and Hot Fuzz, during 2023. The business, which was founded by Nira Park in 1994, led by CEO Kenton Allen since 2008 and acquired by ITV Studios in 2013, has reported a revenue of £35.7m for the 12 [...]
Booking.com boss bemoans ‘lack of common sense’ in Brussels September 1, 2024 Booking.com has been designated a "gatekeeper" by the European Commission, a label for companies that have potentially damagingly high market share.
Curing cancer and cleaning our oceans? Here’s why I’m betting on biotech September 1, 2024 Something that can cure cancer and clean our oceans? Biotech sounds too good to be true, but some things really are just like magic, writes Andrew Craig.
Nvidia shares slump despite company’s record-breaking revenue August 29, 2024 Nvidia shares are down over eight per cent in after hours trading even after it smashed its forecasts and posted record revenue. Revenue for the second quarter hit a new record of $30bn (£22.7bn), up 15 per cent from the first quarter and up 122 per cent from the previous year ago. Nvidia also posted [...]
Hilltop Honey secures £10m boost as it plans overseas expansion August 22, 2024 Hilltop Honey has secured a £10m banking package from Santander UK as the brand looks to gain the financial support it needs to expand globally. The banking package includes stock finance, FX facilities, invoice finance and term loan refinancing and is designed to help the start-up accelerate its growth on a global scale. It comes [...]
Sven film review: A graceful goodbye to the former England boss August 21, 2024 Amazon’s latest profile of a sporting hero should be a cause for nostalgia, coming 20 years after Sven-Göran Eriksson peak as England manager in Euro 2004. However, it’s tinged with sadness, as in January the Swedish football manager announced he has around a year to live having battled pancreatic cancer. This documentary, filmed both before [...]
Klarna swoops in to buy collapsed rival Laybuy August 21, 2024 Buy-now pay-later (BNPL) giant Klarna has snapped up its collapsed rival Laybuy after the Kiwi fintech folded into receivership earlier this year, City A.M. has learned.