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Morrisons sales surge as customer loyalty pays off

  • January 28, 2025
Eating into the market share of its rivals and growing its loyalty card scheme helped sales surge at supermarket giant Morrisons during its latest financial year. The Yorkshire-headquartered chain has reported a revenue of £15.2bn for the 12 months to 27 October, 2024, up from £14.7bn. Its group like-for-like sales also increased from 1.8 per [...]
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Raspberry Pi stock dips after profit forecast at lower end

  • January 28, 2025
Raspberry Pi’s stock price has dipped by 2.2 per cent after it said adjusted operating profit was expected to come in on the low end of what had been expected by markets. The Cambridge-based tech firm said it expected its full year adjusted operating profit to be above $36m (£28.9m), compared to a range of [...]
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Sky News to shift focus to ‘premium’ content

  • January 28, 2025
Sky News is planning a seismic overhaul of its newsroom that will see the national broadcaster focus on “premium” paid-for content over its traditional linear news. The channel’s executive chair unveiled the strategy – branded Sky News 2030 – in a speech to staff on Tuesday in an attempt to seek out new streams of [...]
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CMA set for showdown with Amazon and Microsoft over cloud dominance

  • January 28, 2025
The competition watchdog could be set for a showdown with Amazon and Microsoft after an independent inquiry group said the regulator should probe the two firms’ dominance in the cloud services market. After launching an investigation into the market in 2023, the inquiry group said today that competition in the £9bn sector was not working [...]
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DeepSeek’s fine, just don’t ask it about Taiwan

  • January 28, 2025
The chaos that DeepSeek has triggered in US markets and among major tech players like Nvidia is because of what it represents. It is a supposedly cheaper, quicker model that apparently doesn’t rely on the tens of billions of dollars other models have required. But what’s it like to use? City AM experimented with a [...]
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Ovo Energy buys brand from billionaire founder in £150m deal

  • January 28, 2025
Ovo Energy has bought its brand from the company’s billionaire founder in a £150m deal. The Bristol-based firm, which is the country’s fourth-biggest household energy supplier, has made the move as part of a wider reorganisation. It was reported last Summer that Ovo Energy was close to hiring bankers to explore fundraising options which could [...]
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Stella McCartney buys back LVMH stake in her eponymous fashion brand

  • January 28, 2025
Stella McCartney has bought back LVMH’s 49 per cent stake in her fashion brand, which the luxury giant has held for five years. McCartney will continue to advise LVMH chief Bernard Arnault and the group’s executive team on sustainability issues as global ambassador on sustainability. “This new chapter for Stella McCartney reflects her desire to [...]
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XRP Climbs 11% In Rally

  • January 28, 2025
- XRP was trading at $3.1028 by 02:51 (07:51 GMT) on the Index on Tuesday, up 10.52% on the day. It was the largest one-day percentage gain since...
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