Parity shares surge 13 per cent after gloomy update and job cuts mooted August 4, 2023 Shares in data and technology recruitment company Parity rallied on Friday morning after it announced it was chopping revenue guidance for its upcoming trading update. Parity group’s shares spiked over 13 per cent on Friday morning even after it said it expects revenue in the first half of 2023 to decline 10 per cent from the [...]
Amazon forecasts bright third quarter on resilient cloud sales and shopping trends August 4, 2023 Amazon reported sales growth and profit that beat expectations as the company delivered goods faster and more cheaply to shoppers while recent cloud-computing headwinds began to subside. Amazon’s Wall Street shares surged nine per cent on the news, extending its stock market value more than $120 billion in after-hours trading. On the FTSE 100 index, [...]
There are crypto scams and greedy grabbers, but Bitcoin keeps proving itself to be above it all August 4, 2023 Despite having his feet up on the edge of the pool, cold beer in hand, Jason Deane somehow finds the time for some Bitcoin contemplation.
Capita shares plummet 11 per cent as contractor reveals cyber attack cost £25m August 4, 2023 Capita shares slumped 11.4 per cent on Friday morning after it said a recent data breach could cost it up to £25m. The government contractor, which provides data and IT outsourcing processes, said this morning it expects a major cyber attack in March could cost it £20-25m, as an investigation nears its close. This figure is [...]
WPP profits tumble 51 per cent as advertising giant shifts focus to AI plans August 4, 2023 The world’s biggest advertising firm WPP reported a “resilient” performance in the first half of the year despite plunging profits as they start to build out AI plans. WPP reported profit before tax for the first half of 2023 dropped 51 per cent to £204m, compared to £419m compared to the first half of 2022. [...]
Minister encourages over-50s to embrace diverse jobs like delivering takeaways August 3, 2023 The Work and Pensions Secretary has suggested the over-50s should break free from age-related job stereotypes and embrace a wider range of career opportunities like delivering takeaways. Mel Stride’s comments came during a visit to the London headquarters of food delivery firm Deliveroo, which has recorded a 62 per cent increase in riders aged over [...]
Ranking Barbie movie merch from awful to making our skin crawl August 3, 2023 We’ve ranked Barbie movie merch so you don’t have to… I’m a Barbie girl, in a Barbie world, life in plastic, it’s full of Barbie Ketchup, Barbie Crocs, Barbie Airbnbs, Barbie burgers and Barbie pasta. Is it fantastic? At Morning Wire, we’ve ranked the most ridiculous Barbie movie merch we could find to let you [...]
UK minister warns semiconductor industry cannot ‘recreate Taiwan in south Wales’ August 3, 2023 The UK chip sector cannot “recreate Taiwan in south Wales,” tech minister Paul Scully has said, amid concerns that the UK has not pledged enough investment to compete internationally. Speaking to the Financial Times, Scully said that the UK must focus on advanced manufacturing and design instead of looking to out muscles rivals such as [...]
New London hotel: 1 Hotel Mayfair’s new Tom Sellers restaurant is Michelin star worthy August 3, 2023 Inside the 1 Hotel Mayfair, where Tom Sellers, the chef behind twice-Michelin-starred Restaurant Story, has opened his newest eatery. The hotel is one of the openings of the year, and focuses on sustainability in its design and ethos. Does the theme work or feel like a lecture? Adam Bloodworth checks in At the newly-opened 1 [...]
Wilko on brink of collapse with 12,000 jobs at risk August 3, 2023 Troubled homeware and garden retailer Wilko reportedly intends to call in administrators, placing 12,000 jobs at risk. The high street chain has filed its notice to appoint administrators at the High Court, Bloomeberg first reported, after it spent the summer hunting for a rescue deal. Wilko, which has 400 sites across the UK, has struggled [...]