Browsing: Business news in the uk

Reuters exclusively reported that Nvidia is building a new business unit focused on designing bespoke chips for cloud computing firms
The post Nvidia pursues $30 billion custom chip opportunity with new unit appeared first on Reuters News Agency.

Arm Holdings, a UK-based chip designer, has witnessed a staggering surge in its stock market valuation, nearly doubling in less than a week, driven by investor optimism surrounding the artificial intelligence (AI) sector.

More than 11 million working-age people in Britain don’t have basic “rainy day” savings of at least £1,000, according to a report that warns that the poorest households are struggling to build up financial resilience amid the cost of living crisis.

The front page of the London business newspaper, City AM, says Kemi Badenoch is under pressure from a top City group to revive a sweeping shake-up of audit rules after the government shelved many of its reform plans last year.

In a transaction valued at £700 million, Barclays is buying Tesco’s retail banking operations, marking a significant deal for the supermarket giant.

McDonald’s, alongside other Western corporations such as Starbucks and Coca-Cola, has faced boycotts and demonstrations from anti-Israeli activists.

Bank of England to leave interest rates on hold as UK economy on brink of recession Economists anticipate that the Bank of England will keep…

John Lewis planning major job cuts over five years John Lewis has announced plans for additional workforce reductions over the next five years, confirming potential…

UK economy off to promising start in 2024 as business activity rises again The UK economy’s private businesses are picking up speed for the third…

London still number one financial centre in the world despite listings pain London is still the top global financial centre, according to a new report…

New research indicates that two million people may face their gas and electricity being cut off this winter due to financial constraints, according to Citizens Advice.

Chancellor Jeremy Hunt hints at further tax cuts Chancellor Jeremy Hunt has strongly suggested that he’s thinking about reducing taxes in the upcoming spring Budget.…

Tesco and M&S report strong Christmas sales Retail giants Tesco and Marks & Spencer have both reported stronger-than-expected sales for the key Christmas trading season.…

The best-paid boss in Britain picked up £270million last year – despite her gambling outfit reporting a £70million loss.

Energy price cap: Average annual bill to rise by £94 from January, Ofgem announces Sky News says The energy price cap is to rise to…

Energy price cap set to rise in January Ofgem are set to announce a new price cap, with household energy prices set to rise in…

Starbucks launches olive oil coffee drinks in Italy Starbucks, the world’s largest coffee chain, is introducing a line of olive oil-infused drinks in Italy, according…

UK homes cancelled 2m streaming services last year as cost of living crisis soared  More than 2 million subscriptions to services such as Netflix, Prime…

Eurostar carrying 1/3 fewer passengers between UK and Paris  The Eurostar boss Gwendoline Cazenave has said its trains between the UK and Paris are carrying…

Figure of £281,272 comes as property values drop by 1.5% in December, after 2.4% decline in November The average UK house price fell for the…

The forecast is looking bleak for the year ahead.

Tesla managed to shift a record 1.31 million vehicles over the last 12 months.

Breaking – Facebook, Instagram, WhatsApp owner Meta to cut 13% of its workforce  Meta – the company that owns Facebook, Instagram and WhatsApp, will cut…

Bank says there has been some slowdown in customers trying to get new mortgages in recent weeks Pre-tax profits at NatWest Group remained flat between…

Last year, Spotify hiked its Premium Family plan from £14.99 a month to £16.99.