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Sky Group
Sky to cut about 1,000 jobs in UK in shift to digital streaming
...Sky is planning to cut about 1,000 jobs across its business in the UK this year as more customers switch to digital-only services and away from the traditional satellite dish that made the broadcasting giant...
January 30, 2024
Artificial intelligence
UK researchers seek to slash AI computing costs by a factor of 1,000
...Scaling Compute, will work to find cheaper and less energy-intensive alternatives to the costly silicon-based digital infrastructure on which AI runs today, reducing the costs by a factor of more than 1,000...
March 13, 2024
FT Live
Financial Adviser Service Awards 2024
Who gives you 5 star service?
Thursday, 21 NovemberNatural History Museum, Cromwell Road, London, UK
Abrdn Plc
Abrdn shareholders urged to reject pay report over new CFO’s £675,000 salary
...Glass Lewis noted that Jason Windsor’s base salary of £675,000 was 25 per cent more than what his predecessor Stephanie Bruce received and appeared to be more than the norm for such a position....
April 4, 2024
Taylor Swift
Taylor Swift’s new album sells 1.6mn copies in US in single day
...Taylor Swift’s latest album sold 1.6mn US units in a single day, including 600,000 vinyl copies, putting The Tortured Poets Department on track to become one of the highest-selling music releases since Nielsen...
April 21, 2024
News updates from March 12: US House votes through bill to ban TikTok; Geert Wilders announces he will not be Netherlands PM
Dollar Tree takes $2bn impairment charge and plans to close 1,000 stores
...Shares in US-based discount retailer Dollar Tree fell 8.5 per cent in pre-market trading after it took $2bn in impairments on the value of its subsidiary Family Dollar and said it would close 1,000 stores...
March 13, 2024
News updates from March 7: Sweden joins Nato; Powell says Fed ‘not far’ from having confidence to cut rates
British Isa could generate £1.5bn of extra investment in UK companies, says Citi
...The new rules on British Isas could generate an extra £1.5bn in investment in UK companies, according to Citi....
March 7, 2024
FT Live
Financial Advice Forum
Optimising client centric advice in uncertain times
Tuesday, 24 September8-14 Cooper's Row, London EC3N 2BQ, UK
News updates from April 18: Netflix profits surge; Jurors selected for Trump’s ‘hush money’ trial
Hipgnosis agrees to $1.4bn takeover by Concord Chorus
...Hipgnosis Songs Fund, the listed UK music rights investment company, has agreed to a $1.4bn takeover from Apollo-backed rival Concord Chorus....
April 18, 2024
News updates from March 8: US adds 275,000 jobs in February; Bitcoin and gold touch new highs
US to deploy more than 1,000 to build floating pier on Gaza’s coast
...The US will deploy “over 1,000 forces” to the Mediterranean Sea to build a floating pier and causeway off the coast of Gaza to deliver military aid into the besieged territory....
March 8, 2024
Hipgnosis Songs Fund
Hipgnosis agrees $1.4bn sale to Concord Chorus
...Hipgnosis Songs Fund, the listed UK music rights investment company, has agreed to a $1.4bn takeover from US rival Concord Chorus....
April 18, 2024
Live news: UK alcohol-related deaths up one-third on pre-pandemic levels, ONS data shows
Viking Holdings looks to raise up to $1.1bn in IPO
...Travel company Viking Holdings expects to raise up to $1.1bn in its initial public offering in the US, as the market for listings heats up after two years of subdued activity....
April 22, 2024
Live news: Shares of Chinese EV makers decline as price war squeezes margins
Thames Water pushes up spending promise by £1.1bn
...Troubled UK utility Thames Water has pushed up the amount it plans to spend on its network in its latest business plan by £1.1bn to £19.8bn....
April 22, 2024
LexKering SA
Kering’s €1.3bn real estate bet is a pricey distraction Premium content
...Seen in this light, the push to secure prime real estate is essentially a round of beggar thy neighbour for luxury companies....
April 4, 2024
Property sector
Over half of UK rented homes are in areas with £1,000 a month average rents
...A fifth of rented homes in Scotland, the north-west, East Midlands and West Midlands are located in markets where the average rent is £1,000 a month....
March 20, 2024
Live news: Thames Water pushes up spending promise by £1.1bn
Shares of Chinese EV makers decline as price war squeezes margins
...Over the weekend, Tesla also announced a price cut of Rmb14,000 ($1,933) for models sold in China....
April 22, 2024
Aerospace & Defence
Chinese flying taxi sector claims global lead thanks to regulatory support
...AutoFlight says it has more than 1,000 orders for its aircraft, though many of these include letters of intent and memoranda of understanding, which might not result in sales....
April 22, 2024
FT Live
Transforming the Finance Function with AI
Strategies for delivering advanced analytics, automation and decision-making
Thursday, 25 AprilDigital Conference
EY
EY’s Wirecard audits marred by ‘repeated grave’ violations, says watchdog
...The Munich-based fintech company Wirecard collapsed into insolvency in June 2020 after reporting that half of its revenue and €1.9bn in corporate cash did not exist....
April 19, 2024
News updates from February 9: S&P 500 finishes above 5,000, Sunak notches capital gains of £1.8mn in 2023
Sunak made capital gains of £1.8mn and paid £508,000 in tax last year
...UK Prime Minister Rishi Sunak made £1.8mn in capital gains last year and took more than a quarter of million pounds in dividends, according to filings released on Friday....
February 9, 2024
Matchesfashion.com
Prada and Burberry among Matchesfashion creditors owed £36mn
...However, the administrators said they expected to pay in full almost £300,000 to employees and £1.2mn to HMRC. Matches was bought by Frasers for £52mn in December....
April 24, 2024
Airlines
Dubai airport struggles for third day amid travel chaos after storm
...Travel chaos roiled the world’s busiest international airport in Dubai for a third day, after a record-breaking storm which hit the United Arab Emirates caused the cancellation of more than 1,000 flights...
April 18, 2024
KPMG UK
KPMG fined £1.5mn over audit of M&C Saatchi
...It issued an unmodified audit opinion on the advertising company’s 2018 financial statements....
March 4, 2024
Sanjay Shah
Hedge fund accused of masterminding tax fraud in £1.4bn High Court trial
...Skat has presented documents to the court running to about 250,000 pages, according to Shah’s legal team. Shah is facing up to 12 years in prison in Denmark if found guilty in that criminal case....
April 15, 2024
Investments
Directors’ Deals: CRH non-executive invests £1.9mn
...Non-executive director Richard Fearon bought 10,000 shares at $83.65 each on the New York Stock Exchange on March 1, the day after the company posted results for the 2023 calendar year....
March 15, 2024
UK politics
Extra 85,000 childcare places needed in England to meet government target
...Many experts also fear that a sector with chronic low pay and high staff turnover will struggle to hire or keep the workers needed to create new places, despite a government pilot scheme offering £1,000...
April 18, 2024
Live news: Indonesia raises interest rate to 6.25% in surprise move
German business confidence at near year-long high
...The Ifo Institute said on Wednesday that its business climate index, based on a poll of 9,000 companies, rose 1.5 points to 89.4, above the forecasts of economists polled by Reuters to reach its highest...
April 24, 2024
News updates from March 7: Sweden joins Nato; Powell says Fed ‘not far’ from having confidence to cut rates
Australian regulator fines stock exchange over 8,000 rule breaches
...The A$1.05mn (US$690,000) penalty marks the first time Asic has fined a market operator. The fine is also separate to another investigation into ASX’s botched system upgrade....
March 7, 2024

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