OpenAI Misses Growth Targets Ahead of IPO
OpenAI fell short of revenue and user growth targets as it prepares for a potential IPO, raising investor concerns about expansion pace and spending.
OpenAI fell short of revenue and user growth targets as it prepares for a potential IPO, raising investor concerns about expansion pace and spending.
European stock trading venues are increasingly competing as market fragmentation reshapes the landscape, leading to new challenges and opportunities for investors and regulators.
Unilever faces backlash over $45bn McCormick deal, investors criticize rushed process and high debt, plan to sell stakes in new entity.
Bobby Jain's hedge fund will exclusively manage capital for Millennium Management, marking a strategic shift from multi-manager to single-client model.
Power Probe, a US firm listed on AIM, declares interim dividend after strong 2025 revenue growth, rewarding shareholders early as part of its London IPO strategy.
Bank of London's parent Oplyse Holdings reports £46.9m loss for 2024, cumulative deficit hits £167.7m, staff cuts 30%, but equity improves after £65.2m investment.
Goldman Sachs raises its Brent crude forecast to $90 per barrel for Q4 2026, citing prolonged Gulf disruption and Middle Eastern conflict, with prices surging 78.5% year-to-date.
A sharp decline in software valuations, dubbed 'SaaS-pocalypse,' is jeopardizing private asset returns, as investors reassess growth expectations in the tech sector.
Vanguard's UK platform assets surged to £42 billion, fueled by a wave of younger investors seeking low-cost index funds and long-term wealth building.
Sarah Breeden, BoE deputy governor, warns that record-high global stock markets do not reflect risks, predicting an adjustment due to private credit and AI stock valuations.
Barclays hires a Jefferies sponsors banker amid a series of senior moves in London finance, including an EY partner taking a digital assets role.
Nomura's wholesale division saw a 21% profit increase, driven by strong trading and dealmaking activity in the latest quarter.
Intel shares jumped as much as 24.4% after Q1 results beat expectations, with adjusted EPS of 29 cents vs 1 cent forecast, and revenue of $13.58bn, boosting turnaround hopes.
Mondi shares fell 5% after warning of soaring costs from the Iran war, including higher energy and supply chain expenses due to the Strait of Hormuz blockage.
Computacenter shares rose 5% after the FTSE 250 firm upgraded its profit forecast, citing strong customer demand amid IT hardware shortages.
Bank of England deputy governor Sarah Breeden warns global markets could fall further as share prices don't reflect economic risks, citing AI bubble and Middle East tensions.
Bank of England deputy governor Sarah Breeden warns stock markets are overvalued and expects a correction due to global risks, including AI valuations and private credit markets.
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Shareholders of Warner Bros Discovery overwhelmingly approved the $110bn merger with Paramount Skydance, but rejected executive pay packages. The deal faces regulatory hurdles and a potential lawsuit.
Schroders initiates sale of its wealth management arm as part of a strategic overhaul, marking a significant shift in the firm's focus toward core asset management operations.
AJ Bell, a leading UK investment platform, reported a 42% increase in net inflows to £2.7bn and record customer growth, driven by strong direct-to-consumer performance and brand investments.
London Stock Exchange Group has increased its 2026 financial guidance following first-quarter revenue that exceeded market expectations, driven by growth in data and analytics.
London's FTSE 100 is poised for a sharp decline as Brent crude oil surpasses $100 per barrel following escalating tensions between the US and Iran, despite an extended ceasefire.
A new industry-funded campaign, fronted by Savvy the squirrel, launches to encourage Britons to invest in stocks and shares, addressing low retail investment levels and promoting economic growth.
A surge of new hedge funds is focusing on individual investors, with 75 separate accounts lined up, marking a shift from institutional to retail capital in London's financial sector.
Hochschild Mining reports a near 40% rise in gold prices, boosting London mining stocks. Silver prices surge, with haven demand amid global turmoil.
Two UK ticket holders win over £41 million each in EuroMillions jackpot, sharing £126 million with a French winner. Unclaimed prizes remain.
The London Stock Exchange could see up to £20bn in retail listings from Primark, Boots, and Waterstones, potentially reviving the capital's public markets through IPO reforms and government investment campaigns.
Aberdeen Asset Management experienced significant net outflows of £2.9 billion during the first quarter, reflecting ongoing challenges in the investment management sector amid market volatility.
President Donald Trump has announced an extension of the ceasefire with Iran, originally set to expire, following a request from Pakistan. This move impacts global markets as the FTSE 100 is expected to dip amid ongoing geopolitical tensions and stalled p