Business

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UK Manufacturing

Business

Long-term plan needed for UK’s green industries

The UK must harness its competitive advantage in green industries to reach net zero and reverse manufacturing decline, a report has said. Research by the Institute for Public Policy Research (IPPR), a left-leaning think tank, revealed the UK is already a world-leading presence in making a third of the 143 products needed in technologies to deliver net zero. Technologies where the UK has a strong existing base include electric trains […]

todayMay 16, 2024 2

Google AI

Business

Google rebuilds search engine around AI

Google has unveiled an array of new AI-powered products, including new video and image creation tools, as well as starting to rebuild its search engine around generative AI, powered by the firm’s Gemini AI model. The technology giant used the opening of its annual developer conference, Google I/O, to also preview Project Astra, which Google calls the “future of AI assistants”, which could see, understand and respond to the world […]

todayMay 15, 2024 2

ITV

Business

ITV production arm takes hit

Revenues have falled in the first three months of 2024. Broadcasting giant ITV has revealed a 16% plunge in revenues from its production arm after taking a hit from last year’s US writers’ and actors’ strike. The group behind the hit shows Mr Bates Vs The Post Office and Love Island said ITV Studios’ revenues tumbled to £382 million in the three months to March 31 from £457 million a […]

todayMay 10, 2024 5

Gordon Ramsay

Business

Gordon Ramsay to open London’s highest restaurant

Iit will be at level 60 at 22 Bishopsgate. Gordon Ramsay is to expand his restaurant empire with five new openings in London, all in one building and including the capital’s highest restaurant. The chef will open Lucky Cat on level 60 at 22 Bishopsgate, London’s tallest office building, offering an Asian-inspired menu with 360-degree views of the city, in February. The venue will extend to the Lucky Cat Roof […]

todayMay 10, 2024 4

Governor Andrew Bailey

Business

Bank of England holds UK interest rates

They remain at 5.25%. The Bank of England has said it is not ruling out cutting UK interest rates next month, after deciding to hold borrowing costs at the same level for another month running. The Bank’s Monetary Policy Committee (MPC) said it was not yet at the point where it can start cutting rates, opting instead to hold them steady at 5.25%. But Governor Andrew Bailey said he was […]

todayMay 9, 2024 5

New House Building

Business

UK construction rebound picks up pace

A rebound in the UK’s construction industry has picked up pace with activity rising at the fastest rate in more than a year, despite a persistent slump in housebuilding. The latest S&P Global construction purchasing managers’ index (PMI) scored 53.0 in April, up from 50.2 in March, and the highest level since February last year. It also surged past the expectations of analysts who had predicted a score of 50.4 […]

todayMay 7, 2024 4

BP

Business

BP set for slower first quarter profits

BP is expected to announce slowing profits and revenues for the first quarter of 2024, as it wrestles with lower oil prices and weaker refining margins than this time last year. The oil super major will give its latest quarterly results in an update on May 7, with profit expected to come in at £5.07 billion, lower than the £6.79 billion at the same point in 2023. The results come […]

todayMay 6, 2024 6

iPhone App Store

Business

Apple working to fix iPhone alarm issue

Apple has confirmed it is working to fix an issue that is causing some iPhone alarms to not play a sound, after users who overslept raised the glitch on social media. The alarm, built into the Clock app of the device, is the wake-up tool of choice for many iPhone users. However, in recent days, a number of iPhone users have reported that their alarms have not gone off, causing […]

todayMay 2, 2024 3

UK Car Production

Business

Car production fell last month

That's according to the Society of Motor Manufacturers and Traders. Car production fell back last month as factories adjusted for new models, latest figures show. The number of cars built was 59,467, down by 27% compared with a year ago, said the Society of Motor Manufacturers and Traders (SMMT). It was the first fall since August last year but the trade body said it was in line with expectations for […]

todayApril 26, 2024 3

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