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Future PLC withstands advertising challenges with solid margins and cash flow The London-based publishing and media entity Future PLC has reported a strong half-year performance, showcasing operational strength amid declining advertising markets and currency challenges. Even with a three percent decrease in revenue, the firm sustained impressive profitability, reflecting assurance in its long-term growth plan.…
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New benchmarks show smaller AI models delivering near-equivalent performance to GPT-4 — at a fraction of the compute cost.
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Multinational professional services company Org Group has purchased Manchester-based technology recruitment expert Venturi, in a transaction designed to bolster its global presence—particularly in Germany and the United States—while enhancing its skills in the recruitment of digital talent. The acquisition of Venturi broadens Org Group’s international recruitment and workforce solutions portfolio, which already features notable industry…
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British pension funds should not be forced to invest in UK assets, the boss of one of London’s biggest insurance firms has said, in a rebuke of the government’s pension reforms plans. The Treasury this week helped seal a voluntary, non-binding agreement by pension funds, dubbed the Mansion House Accord, will see increased investment into…
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Fifa has welcomed the qualified backing of its plan to cap football agents’ fees from a top judge at the European Court of Justice following legal challenges. The opinion issued by AG Nicholas Emiliou is not binding but offers an indication of the verdict that the ECJ may ultimately reach in a case with profound…
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Triodos Investment Management, a specialist in sustainable investment, has partnered with global index provider STOXX to launch a new impact-focused benchmark aimed at institutional investors. The newly introduced iSTOXX Triodos Developed Markets Impact Index is designed to help professional investors align their portfolios with measurable social and environmental outcomes, while also excluding companies that fall…
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Coinbase Confronts Potential Losses of Up to $300 Million Following Significant Cyber Attack The cryptocurrency exchange Coinbase has revealed a serious cyber attack that may result in losses ranging from $180 million (£135 million) to $400 million (£315 million), as indicated in a recent regulatory submission to the US Securities and Exchange Commission. The breach…
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Datamaran, the ESG-focused software analytics firm based in London, has launched a new platform aimed at supporting sustainability professionals as they navigate an increasingly complex operating environment. The platform, named Harbor, is designed to foster peer-to-peer engagement, provide expert resources, and offer tools to help users stay abreast of swiftly evolving global sustainability regulations. The…
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State-sponsored cybercriminals from North Korea are taking advantage of remote work trends in their latest effort to breach British companies, as per recent insights from cybersecurity organization CrowdStrike. The collective, referred to in cyber threat discussions as ‘Famous Chollima’, is allegedly employing AI-generated resumes and compromised identities to masquerade as freelance IT workers or remote…
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A new climate finance bill aims to tax fossil fuel firms, superyachts, and private jets to fund flood defences and home insulation.
