Wizz Air slashed its annual profit forecast on Thursday despite quarterly losses more than halving amid record passenger traffic. The Hungarian carrier reported a €75.9m (£63.6m) loss in the three months ended December 31, around 58 per cent smaller than the year prior. Revenue came in at €1.18bn, up 10.5 per cent and driven by [...]
BT has appointed a CEO for its new UK-centric BT Business, at the same time as reporting a dip in revenue due to tough trading outside of the UK. BT’s share price fell just over four per cent in early trades. Jon James will be appointed a CEO of BT Business in March, and it [...]
St James’s Place brought in £4.3bn in new money throughout 2024, bringing its total assets under management to a record £190.2bn. Britain’s largest wealth manager attracted £1.5bn of new money over the last quarter of the year, it said in a trading update, 70 per cent ahead of expectations. The firm’s pension arm brought in [...]
Successive British politicians have reached for Silicon Valley – or the idea of Silicon Valley – every time they’ve wanted to project a vision of the future. In 2010 David Cameron set out plans to turn East London into “a world-leading tech city to rival Silicon Valley.” Seven years later, Theresa May’s government was still [...]
Savers are being urged to act as a huge £53.9bn in cash ISAs will mature by April, according to Paragon Bank. Paragon said that £36.4bn of that was held in one-year, fixed-term deals, which are almost certainly paying better rates than savers can get today. Derek Sprawling, savings managing director at Paragon Bank, said: “Over [...]
Cardano (ADA) struggled as one of 2024’s worst-performing cryptocurrencies, shedding over 40% of its value …
US oil executives are eagerly awaiting Donald Trump’s expected rollback of environmental regulations, but despite …
Democrats and allied operatives wasted nearly half a billion dollars on Senate races that they …
Chancellor Rachel Reeves today confirmed government backing for Heathrow Airport’s third runway. The announcement, outlined in a growth speech in Oxfordshire, followed a week of speculation that the long-delayed and highly controversial proposals could be back on the agenda. It came alongside news that Gatwick and Luton would also be given the green light for [...]
Greater Manchester has unveiled plans to grow its visitor economy to be worth £15bn by the end of the decade in a bid to be the go-to tourism destination in the UK outside of London. The new strategy, which covers a five-year period through to 2030, aims to increase the region’s visitor economy from around [...]
OpenAI has accused Chinese competitor DeepSeek of using its models to train the competing system, violating its property rights. The ChatGPT maker claimed that its new Chinese competitor employed a technique called ‘distillation’ – when a smaller model learns from its larger counterpart – to develop its new chatbot. Donald Trump’s artificial intelligence adviser, David [...]
Asda has axed its price-matching scheme with Aldi and Lidl in a bid to stop “dancing to the tune of the discounters”, according to reports. The Leeds-based firm, which in January 2024 became the first of the UK’s ‘big four’ to offer the scheme, said it wanted to focus on “its own great Asda prices, [...]