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InterviewArtificial intelligence
BCG says AI consulting will supply 20% of revenues this year
...The chief executive of BCG has said the $12bn consulting firm expects to generate a fifth of its revenues in 2024 from helping corporations integrate artificial intelligence into their businesses, a share...
April 23, 2024
EY
Staff in EY’s deals unit hit out at bosses after job cuts and sales slump
...amid a slowdown in demand for some of their services....
March 10, 2024
FT Live
Future of AI
Igniting a new era of innovation and investment
Wednesday, 6 NovemberLondon. UK
Telecoms
Two died after UK shift from analogue to digital phone lines
...The Department of Health and Social Care last year estimated that 1.8mn people used telecare services in the UK....
April 26, 2024
News updates from February 1: Meta announces first ever dividend, Bank of England holds interest rates
Apple snaps run of revenue declines with services boost
...That breaks a four-quarter streak of declining revenue....
February 1, 2024
News updates from February 2: US adds 353,000 jobs in January, US hits Iraq and Syria after drone deaths
Apple ends run of revenue declines with services boost
...That breaks a four-quarter streak of declining revenue....
February 1, 2024
Tax
HMRC’s struggles pose ‘a threat to tax compliance’
...Continued strain on HM Revenue & Customs’ services could harm taxpayers’ ability to comply with their obligations, UK tax and business groups have warned....
April 26, 2024
FT Live
Bank of the Year Awards 2024
Recognising the best in banking globally
Wednesday, 4 DecemberLondon, UK
Special ReportThe Americas’ Fastest Growing Companies
AI service providers mine a rich seam of demand for efficiencies
...LinkSquares specialises in AI software for companies’ legal departments. Ranked 43rd in the FT-Statista table, it reported revenue of $24mn in 2022, up from $2mn in 2019....
April 26, 2024
Alphabet Inc
Alphabet’s advertising growth falls short of Wall Street expectations
...The performance was boosted by faster than expected growth in Alphabet’s Google Cloud services business, which reported revenue of $9.2bn, a 26 per cent rise from the same period last year....
January 30, 2024
Live news: Police presence grows as pro-Palestine protests spread across US campuses
Snap shares soar 30% after beating revenue expectations
...The company’s revenue of $1.2bn in the first three months of 2024 was 21 per cent above the same period a year earlier....
April 25, 2024
Live news: Police presence grows as pro-Palestine protests spread across US campuses
Snap shares soar 30% after beating revenue expectations
...’s revenue of $1.2bn in the first three months of 2024 was 21 per cent above the same period a year earlier....
April 25, 2024
Letter
Letter: UK customer service is like Escher’s stairs to nowhere
...Claer Barrett’s interesting survey of the popular perceptions around the collapse in satisfaction levels of UK customer service (“How did it get so bad?”...
April 26, 2024
Live news: Alphabet shares jump 14% after first-quarter revenue beats Wall Street expectations
Alphabet shares jump 14% after first-quarter revenue beats Wall Street expectations
...Ad revenue on YouTube also rose 21 per cent to $8.1bn, while Google Cloud services business had a 28 per cent increase to $9.6bn....
April 25, 2024
Live news: Barclays profits fall but beat expectations
LSEG revenues in line with expectations as shareholders vote on doubling CEO’s pay
...LSEG said revenues rose 7.3 per cent to £2.1bn but were “impacted by cancellations related to Credit Suisse as expected”, as the collapsed bank cancelled its subscriptions to LSEG’s data services....
April 25, 2024
The FT ViewThe editorial board
The US brings a landmark case against Apple
...One is that Apple blocks the distribution of some apps and services that might threaten its model....
March 27, 2024
LexElaine Moore
The Lex Newsletter: AI spending plans are spooking the market Premium content
...(Don’t forget, however, that the Department of Justice has looked down on big buyback programmes in the past.)...
April 26, 2024
FT Live
Future of Asset Management North America
New models for the next age of fund management
Wednesday, 25 SeptemberNew York, NY, USA
LexUS retail
Why US department stores have most to fear as credit card debt sours Premium content
...Analysts at Bank of America think late fees represent between 14 per cent and 30 per cent of the companies’ credit card revenue....
April 5, 2024
Toby Nangle
Have UK asset managers lost their way?
...Private pension funds constitute half of the UK institutional market and the rise in bond yields since the pandemic is now delivering a double whammy to managers’ revenues....
April 24, 2024
Apple Inc
‘Apple is going to war’: US lawsuit adds to iPhone maker’s antitrust woes
...The core of the claim is that Apple uses its market-leading device to draw a growing share of services revenue from users, excluding competitors from access....
March 22, 2024
News updates from March 21: US accuses Apple of building a smartphone monopoly; Reddit soars in New York IPO
US accuses Apple of building a smartphone market monopoly
...The landmark lawsuit filed on Thursday by the US Department of Justice, along with 16 state and district attorneys, accuses the group of imposing contractual limitations on developers while making it more...
March 21, 2024
LexFund management
UK’s asset managers need more than a change in macro mood Premium content
...Fee compression of 15 per cent in the five years to 2022 equates to $55bn of forsaken revenues based on that year’s AUM, consultancy BCG calculates....
April 22, 2024
UK defence spending
Sunak pledge to boost defence spending raises prospect of cuts elsewhere
...Rishi Sunak has claimed he can protect public services and reduce taxes while boosting defence spending by £75bn over the next six years, raising the prospect of deep cuts to unprotected government departments...
April 24, 2024
Artificial intelligence
AI could kill off most call centres, says Tata Consultancy Services head
...Salil Parekh, chief executive of rival Indian IT services company Infosys, said discretionary outlays by customers had been “slow” after it reported flat annual revenue growth last week....
April 25, 2024
Universal Music Group
What’s a new Taylor Swift album worth?
...Analysts expect quarterly recorded-music revenues up 6 per cent year-on-year to €2bn, of which about €1.1bn will come from paid streaming services....
April 23, 2024
LexApple Inc
Apple’s buyback bonanza could be casualty of antitrust crackdown Premium content
...The Department of Justice seems to think so....
March 27, 2024
Post Office scandal
HMRC gave Fujitsu £1.4bn in new contracts after landmark 2019 Post Office court case
...He said the approach made it harder for departments to detangle themselves when a provider failed to deliver. “The government needs a broader supply chain for all services....
February 10, 2024

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