BT profits fall but group insists it remains ‘on track’ July 24, 2025 Telecoms giant BT Group reported a 10 per cent drop in reported profit before tax on top of a three per cent decline in adjusted revenue, while reaffirming it is ‘on track’ to achieve full-year guidance. In a trading update for the three months to 30 June, the FTSE 100 company informed shareholders its reported [...]
Labour’s OpenAI deal lacks transparency July 24, 2025 The Labour government’s newly announced partnership with OpenAI has positioned the UK at the centre of a global discourse on the future of artificial intelligence in public services. The memorandum of understanding (MoU), signed on Tuesday by tech secretary Peter Kyle and OpenAI chief Sam Altman, sets out a framework for collaboration across sectors like [...]
CMA targets Apple and Google’s market dominance to strengthen UK app market July 23, 2025 The UK’s competition watchdog has proposed a sweeping shake-up of the mobile app economy, with plans to designate Apple and Google as having “strategic market status” (SMS) – a move that could open the door to new rivals, lower development costs, and broadly loosen the tech giants’ tight grip on the mobile ecosystem. In a [...]
Natwest boosts AI strategy with AWS and Accenture July 23, 2025 Natwest Group has announced a five-year collaboration with Amazon Web Services (AWS) and consultancy Accenture to accelerate its bank-wide data and AI transformation, ahead of its half-year earnings release scheduled for July 25. The agreement forms part of the group’s broader strategy to simplify its operations and offer a more personalised customer experience. By consolidating data currently housed [...]
HPE: Hewlett-Packard Enterprise’s UK profit quadruples despite sales slump July 23, 2025 Profit at the UK arm of Hewlett-Packard Enterprise (HPE) almost quadrupled during its latest financial year despite its sales being slashed by nearly £150m. The division of the US tech giant has posted a pre-tax profit of £97.6m for the 12 months to 31 October, 2024, according to new accounts filed with Companies House. The [...]
OpenAI: ChatGPT maker’s UK earnings skyrocket July 23, 2025 OpenAI has raked in millions of pounds since the launch of artificial intelligence (AI) service ChatGPT in the UK, it has been revealed. The UK division of the US tech giant ended last year with current assets of £56.2m which included £42.4m in the bank and a further £13.7m owed by debtors, according to new [...]
Mike Lynch’s estate ordered to pay HP £700m following tech mogul’s death July 22, 2025 Mike Lynch's estate was ordered to pay HP just under £700m in conclusion to the fraud linked to the $11.1bn sale of Autonomy.
IBM sheds nearly 400 UK jobs as profit slashed July 22, 2025 IBM shed almost 400 jobs in the UK in 2024, it has been revealed, as its profit was slashed by nearly a quarter. The UK arm of the US giant saw its headcount reduce in the 12 months from 7,309 to 6,920, new accounts filed with Companies House show. The fall in headcount in 2024 [...]
Fraud risk surges as leaked files expose UK firms July 22, 2025 London’s cyber watchdogs are sounding the alarm over a growing wave of corporate data breaches, as new research reveals the vast majority of leaked datasets now include sensitive financial and personal files, fueling a sharp rise in fraud, cybercrime and reputational risk. A landmark study published on Tuesday by Lab 1, an AI-driven cybersecurity platform, [...]
British body tames AI audit frontier with world’s first global standard July 21, 2025 BSI has published the world’s first international standard to help ensure the quality of audits and protect against a ‘wild west’ of unchecked AI providers