UK set for AI tech boost as millions of pounds injected after action plan
The UK’s artificial intelligence (AI) sector has received an average of £200m in private investment daily since July 2024, as global firms rally behind Starmer’s blueprint to turbocharge AI. In t
Wall Street banks JP Morgan, Citi and Goldman Sachs report bumper profit
Some of Wall Street’s biggest banks reported a surge in profit today on the back of a rebound in dealmaking and strengthening equity markets toward the end of last year. JPMorgan Chase, the US’s b
Topps Tiles investor stages revolt as shares nose dive
A major investor in Topps Tiles has staged a revolt against the retailer as its share price continues to nose dive towards a new historic low. Private equity firm MS Galleon used its near 40 per cent
Brooks Macdonald to move off AIM as firm eyes further growth
Brooks Macdonald is set to ditch AIM for the London Stock Exchange’s main market as the asset manager looks to enhance its profile and drive growth. In a trading update, the asset manager said that
Hays: Recruiter warns on profit amid slowdown in permanent hires
Recruiter Hays reported another fall in quarterly fees on Wednesday amid an ongoing slowdown in the headhunting market. Group net fees, which are considered an indicator of performance in the industry
Demand for AI tech boosts Currys
Electrical retailer Currys has reinstated its dividend after a jump in sales related to AI tech helped boost the firm’s top and bottom lines. In a trading update issued this morning, the FTSE 100 f
Liontrust: Outflows continue for money manager
Investors have continued to pull cash from asset manager Liontrust. In a trading update published this morning, the firm revealed that investors pulled £1.6bn from its funds in the last three months
Russia back at London court in long-running oil row
Russia is back at an English court today over a long-running battle with former shareholders of oligarch Mikhail Khodorkovsky oil company
Exclusive: Brooks Macdonald makes senior layoffs
Brooks Macdonald has laid off a number of senior staff, including the firm’s global head of distribution, in a bid to save costs, City AM can reveal. The redundancies from the asset manager were des