UK companies are struggling to keep up with peers on growth Markets UK companies are failing to keep up with international peers on sustained growth, data from Panmure Liberum has revealed. While practically all companies manage to create strong growth on occasional years, few companies have managed to keep growth going every year, noted Joachim Klement, investment strategist at Panmure Liberum. The longest streak on record for [...]
Ahead of the Game: Leicester City decide to stick with embattled sponsor Sport Business Leicester City will not exercise their right to seek a new shirt sponsor after their existing partner BC.Game was declared bankrupt last week. The crypto gaming firm’s two parent companies, Blockdance BV and Small House BV, were hit with the bankruptcy order by a court on the Caribbean island of Curacao following a legal dispute [...]
Why Premier League has opened door to a ‘Netflix of Football’ Sport Business Friday's vote could be a watershed moment that transforms the way the world’s most popular league is consumed around the world.
Amazon Alexa inventor says most companies are getting AI wrong October 17, 2024 William Tunstall-Pedoe, the inventor behind Amazon’s voice assistant Alexa, has said that many companies that are trying to embed AI in their operations are getting it wrong. “Pretty much every medium and large business out there is trying to bring AI into their business,” he told City AM. “But a lot of these projects are [...]
I saw inside an AI-powered Amazon warehouse – here’s what I thought October 16, 2024 Last week, I got a behind-the-scenes look at one of Amazon’s new AI-powered warehouses, in what felt like a glimpse into the future. Inside the 3.5m square foot facility in Nashville, Tennessee, Amazon was finally unveiling the fruits of its AI strategy, revealing a fleet of new AI-powered robots and tools designed to increase efficiency [...]
Amazon announces raft of new AI gambits as it battles rise of Temu and Shein October 9, 2024 Amazon has announced a raft of new artificial intelligence (AI) features and technologies to speed up deliveries and reduce costs across its business. The logistics giant plans to deploy a fleet of 1,000 electric delivery vans with a new AI-powered ‘vision-assisted package retrieval’ (VAPR) technology that allows drivers to find packages faster and more easily. [...]
Two IPL team owners battle to buy Manchester Originals in Hundred sale October 9, 2024 The interest is a significant boost for England cricket chiefs’ much-maligned sales process.
Audible: UK’s love for original content helps double profit October 3, 2024 Profit at the UK arm of audiobook and podcast giant Audible, which is owned by Amazon, doubled during its latest financial year, it has been revealed. The London-headquartered division has posted a pre-tax profit of £29m for 2023, up from the £14.7m it achieved in 2022. Newly-filed accounts with Companies House also show that Audible’s UK turnover [...]
Big Tech is muscling broadcasters out of live sports streaming October 2, 2024 Traditional broadcasters might be starting to sweat. Live sports streaming has always been a cash cow, but the game is changing, and there are new players on the field. For years, Sky and BT ruled the arena of sports media rights but, over the past decade, Big Tech has been muscling its way into the [...]
Drones to dominate UK skies by 2027 September 25, 2024 Fleets of autonomous drones will operate routinely across Britain within three years, paving the way for quicker deliveries and emergency services.