3 d. ago Gas network company SGN investing £265k to upgrade pipeline infrastructure in area of Coatbridge

Following close consultation with North Lanarkshire Council, SGN's project will start on Monday, June 9, and take approximately two months to complete.

Economics

4 d. ago US private equity firm KKR drops bid to buy troubled British utility Thames Water

British utility Thames Water says a U.S. investment firm has dropped a rescue bid for the debt-burdened company

Economics

5 d. ago Belfast tech company invests £1.8m in cybersecurity solution for factory floors

Economy minister Caoimhe Archibald attended the announcement by ANGOKA.

Economics

9 d. ago Nvidia beats Wall Street expectations even as Trump tamps down China sales

Chip-manufacturing company, widely seen as bellwether for AI business, reports $44.1bn in revenue for quarterNvidia beat Wall Street expectations in its quarterly earnings report on Wednesday, marking another in a string of financial wins for the computer hardware giant. It reported $44.1bn in revenue in the quarter ending in April, up 69% from the previous year.The company exceeded investors’ predictions of $43.3bn in revenue. Adjusted earnings per share came in at $0.81, under investor expectations of an adjusted earnings per share of 88 cents. The company also reported $39.1bn in data center revenue, up 73% from the year prior. Continue reading...

Politics

9 d. ago Wall Street expects growth from Nvidia even as Trump nixes $15bn in revenue

The chip-manufacturing company, widely seen as a bellwether for AI business, is expected to report its earningsNvidia is set to report its first quarter earnings after the bell on Wednesday. The company is a bellwether for the business of artificial intelligence, both in its cutting-edge hardware and the new regulatory headwinds it is facing, and investors will be watching closely.Wall Street expects the company to report $43.3bn in revenue, up 66% year over year, and adjusted earnings per share of 73 cents. There’s no company more important to “the markets and global investor sentiment” than the high-flying chipmaker, according to Wedbush Securities analysts. Continue reading...

Politics

9 d. ago Nvidia beats Wall Street’s expectations even as Trump tamps down China sales

Chip-manufacturing company, widely seen as a bellwether for AI business, reports $44.1bn in revenue for quarterNvidia beat Wall Street’s expectations in its quarterly earnings report Wednesday, marking another in a string of financial wins for the computer hardware giant. It reported $44.1bn in revenue in the quarter ending in April, up 69% from the previous year.The company exceeded investors’ predictions of $43.3bn in revenue . Adjusted earnings per share came in at $0.81, under investor expectations of an adjusted earnings per share of 88 cents. The company also reported $39.1bn in data center revenue, up 73% from the year prior. Continue reading...

Politics

1 week ago Saudi AI company courts US tech investors and plans $10bn venture fund

PIF-backed Humain plans to use kingdom’s financial might to become global AI hub

Economics

1 week ago Saudi AI company courts US tech investors and plans $10bn fund

PIF-backed Humain plans to use kingdom’s financial might to become global AI hub

Economics

1 week ago Trump Media says investors will fund a company 'bitcoin reserve' through share purchases

President Donald Trump’s media company says institutional investors will buy $2.5 billion of the company’s stock, with the proceeds going to build up a bitcoin reserve

Economics

1 week ago Conor McGregor is in 'serious talks' for £6billion purchase of adult subscription

According to Reuters, owner Leonid Radvinsky is in talks to sell the website to investment firm Forest Road Company but the ex-UFC champ has now thrown his hat in the ring.

Economics

1 week ago Edinburgh New Town Cookery School enters exciting new chapter

Founder Fiona Burrell, has expertly led the school since its inception in 2009. Working with expert advisors, the company has raised investment from a number of impressive business leaders from Edinburgh and across the UK, to develop the business with a new Board and management team. Fiona will continue to lead the school as Principal until her replacement is appointed in the coming months, after which she will continue as a Board Director and advisor.

Politics

2 w. ago Tata Consultancy Services carries out internal probe into M&S hack

Indian IT company investigating whether it was gateway used by criminals to access retailer

Politics

2 w. ago Geri Horner is still cashing it in from her Spice Girls days as she banks £860,000 in a year through girl group

The singer, 52, has several profitable business ventures alongside her husband Christian Horner, including a race horse company, real estate investments and as a children's author.

Economics

2 w. ago Revealed: UnitedHealth secretly paid nursing homes to reduce hospital transfers

A Guardian investigation finds insurer quietly paid facilities that helped it gain Medicare enrollees and reduce hospitalizations. Whistleblowers allege harm to residentsUnitedHealth Group, the nation’s largest healthcare conglomerate, has secretly paid nursing homes thousands in bonuses to help slash hospital transfers for ailing residents – part of a series of cost-cutting tactics that has saved the company millions, but at times risked residents’ health, a Guardian investigation has found.Those secret bonuses have been paid out as part of a UnitedHealth program that stations the company’s own medical teams in nursing homes and pushes them to cut care expenses for residents covered by the insurance giant. Continue reading...

Society

2 w. ago Revealed: European ‘green’ investments hold billions in fossil fuel majors

Exclusive: Funds with names such as ‘Sustainable Global Stars’ have stakes in some of the world’s biggest pollutersEuropean “green” funds holding more than $33bn of investments in major oil and gas companies have been revealed by an investigation, despite fossil fuels being the root cause of the climate crisis. Some of these investment funds used branding such as Sustainable Global Stars and Europe Climate Pathway.Over $18bn was invested in the five biggest polluters: TotalEnergies, Shell, ExxonMobil, Chevron and BP. These topped a 2023 Carbon Majors ranking for oil and gas production among shareholder-owned firms. Other investments by funds following EU sustainable finance disclosure regulations (SFDR) included those in US fracking company Devon Energy and Canadian tar sands company Suncor, the investigation by Voxeurop and the Guardian found.A Legal & General Investment Management (LGIM) fund called Europe Climate Pathway had $88m invested in Shell, BP and TotalEnergies. In to...

Economics

3 w. ago Mighty Hoopla issues statement amid KKR 'unethical investments' controversy

Mighty Hoopla has released a strongly-worded statement on its ownership amid criticism of parent company investments in Israel.

Politics

3 w. ago Investment company Black Castle Capital Partners Ltd clarifies name confusion

A boutique investment business has issued a public clarification after its name became confused with a similarly-named company.

Politics

3 w. ago TikTok breached EU advertising transparency laws, commission says

Company could face fine of 6% of annual turnover if European Commission’s preliminary verdict is upheldThe European Commission has said TikTok is in breach of EU digital laws that require transparency over who pays for advertising.The commission reached a preliminary verdict on the Chinese-owned short video platform’s advertising policy, having launched an investigation in February 2024. The company could face a fine of 6% of global annual turnover, if the commission upholds this view. Continue reading...

Events

3 w. ago Mysterious exploding bird epidemic ‘horrifying’ Bay Area neighborhood

PG&E, the regional power company, said it was aware of the issue and is investigating to determine whether or not its power lines are playing any role in the mysterious bird deaths

Politics

4 w. ago Rümeysa Öztürk, detained Tufts student, released from federal custody – US politics live

Turkish national and PhD student was arrested by US agents in March over her pro-Palestinian political speechLarge institutional investors have massively increased their holdings of Trump Media and Technology Group (TMTG) in recent months according to SEC filings, with many enlarging their positions by hundreds of millions of dollars.The revelations raise further questions about big business’s desire to curry favor with Donald Trump and his administration via the enterprises he has maintained or commenced. TMTG runs the Truth Social social media platform – on which the US president himself posts almost daily – as well as financial services and a film and TV streaming service.Donald Trump’s refusal to divest from his publicly traded company has predictably prompted huge investments from wealthy special interests that could use a favor from the president.Institutional Wall Street investors and even a foreign company with business before the administration have effectively offered a fo...

Politics