HSBC Holdings (LON: HSBA, NYSE: HSBC) saw its shares tumble 6.7% in early London trading on Tuesday despite reporting a 32% increase in third-quarter pre-tax profit to $9.6 billion and
Temu given four months to tackle illegal products after €200m EU fine
Chinese online shopping giant Temu has secured European Commission approval for a plan to tackle illegal and potentially dangerous products sold through its marketplace, following a €200 million fine for
Sainsbury’s raises profit forecast to £1.03bn as grocery sales and cash flow strengthen
J Sainsbury plc (LON: SBRY) has raised the lower end of its full-year profit guidance after reporting stronger first-half earnings, supported by grocery sales growth, increased customer volumes and cost
Barclays profits rise 12% to £2.3bn as bank announces £500m share buyback
Barclays PLC (LON: BARC) has reported a 12% increase in third-quarter pre-tax profit to £2.3 billion and announced a further £500 million share buyback, supported by higher income, stronger UK
Google Cloud outage disrupts Revolut, banking apps and UK websites as London data centre hit
A major Google Cloud outage has disrupted digital banking services, financial applications and websites across the UK, with technical problems affecting the technology giant’s London cloud infrastructure on Tuesday morning.
UK welfare spending tops £320bn as disability benefit claims surge to seven million
Britain’s welfare system is facing renewed scrutiny after an investigation revealed that approximately seven million people now receive sickness or disability benefits, raising concerns over the long-term sustainability of public
Global smartphone sales plunge 22% as AI boom drives memory chip prices to record highs
Global smartphone sales have suffered their biggest recorded quarterly decline, falling 22% as soaring memory chip prices linked to the artificial intelligence boom push handset costs higher and force consumers
Thruvision secures three new security screening orders across UK and Asian markets
Thruvision Group plc (AIM: THRU) has secured three new orders for its security screening technology across the UK logistics, prison and Asian markets, supporting the company’s strategy to expand its
Bank of England tipped to raise interest rates in November
The Bank of England is expected to raise interest rates in November and February as stronger-than-expected UK economic growth reduces concerns that higher borrowing costs could undermine economic activity, according
FTSE 100 closes 75 points as UK rate fears ease
London stocks ended higher on Wednesday, with the FTSE 100 climbing 0.7% despite hotter-than-expected US inflation figures, as comments from the Bank of England’s chief economist eased concerns over aggressive
Data-Driven Investing: How Big Data Shapes Decisions
When a spreadsheet isn’t enough any more
FTSE 100 set for modest gains as Asian markets recover ahead of US inflation data
London stocks are expected to open slightly higher on Wednesday, with the FTSE 100 forecast to gain around 10 points as Asian markets recover from a technology-led sell-off and investors