South Korean President Lee Jae Myung announced a national strategy to reinforce the country's leadership in semiconductors and expand AI infrastructure through large‑scale investment and new manufacturing capacity, saying the Asian nation must move faster than global rivals to secure the technologi…
A 14-point memorandum of understanding was signed earlier this month, under which Tehran and Washington agreed to cease all fighting and reopen the Strait of Hormuz while a permanent peace deal was negotiated. Yet tensions remain high, with both sides accusing the other of breaching the deal’s term…
“Risk appetite is back - and it’s back because Washington and Tehran look like they’re heading to the table, not the trenches,” said Patrick Munnelly, market strategy partner at TickMill.“Oil, yields and the Dollar all holding inside Friday’s ranges is the tell: markets aren’t pricing weekend panic…
The plan, which was first launched in 2025, was designed to make the tobacco, cigarettes and smokeless products group "more agile, cost disciplined and innovative".BAT said it wants to reduce complexity, build closer partnerships with tech and business services companies, and streamline the busines…
The latest Money and Credit report showed that mortgage approvals declined to 56,200 from 66,000 in April, coming in below the average of 63,300 over the previous six months.Approvals for remortgaging - which only capture remortgaging with a different lender - also fell, to 33,300 in May from 51,20…
Foresight said assets under management rose 8% to £13bn, while funds under management increased 7% to £9bn, both reflecting continuing operations. On a constant‑currency basis, AUM and FUM each grew 5%, with FX movements partly offsetting declines linked to its FY23 Australia acquisition. Australia…
The two telecoms firms will hold equal voting rights, with Verizon paying BT an equalisation payment of $645m. The JV - which BT said was designed "specifically for a cloud-first world in the age of AI" - will have around 3,000 customers in more than 180 countries, with combined annual revenues of…
AstraZeneca said the positive opinion from the European Medicines Agency's Committee for Medicinal Products for Human Use was based on results from its Phase III TROPION‑Breast02 trial.In the study, Datroway delivered a statistically significant and clinically meaningful improvement in both overall…
It said these CFTC-regulated financial contracts represent the highest-engagement category in prediction markets and "significantly" expand its addressable market.The new offering provides US retail customers with access to CFTC-regulated Kalshi sports event-based contracts, delivered through the c…
STOCKS TO WATCHUK private equity group Bridgepoint on Monday said it was buying the real estate arm of US investment firm Kayne Anderson for $1.4bn, as it makes a move into the US property sector. Bridgepoint said the deal comprises $759m in cash and around 189m newly-issued Bridgepoint shares.BT G…
Revised plans for HS2 should not be put into action until the government is confident they can be delivered, according to the public spending watchdog. The project to build the high-speed railway must be put on a stable footing to avoid a repeat of past failures, the National Audit Office (NAO) sai…
The CBI said on Monday that firms across the private sector expect activity to fall in the three months to September, with a weighted balance of -28%, marginally weaker than in May and extending a run of negative growth expectations that began in late 2024.Distribution firms were the most pessimist…
Sky's proposed £1.6bn takeover of ITV's broadcasting arm is set to include a £2bn spending commitment for ITV Studios to secure the future of Coronation Street and other flagship programmes for five years, The Times reported. Sky, owned by Comcast, has been in talks since last year to acquire ITV's…
