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Money - Business

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Prepare for blast-off: Elon Musk's £900bn SpaceX deal paves the way for AI float bonanza

Elon Musk (pictured) is set to take the newly merged company public later this year - with rivals OpenAI and Anthropic also racing to come to market. read


Jimmy Choo sales put spring in Capri's step as luxury shoe-maker reissues classic designs

The footwear brand, fronted by actor Sydney Sweeney, pictured, won over nostalgic consumers after relaunching styles from the late 1990s and early 2000s. read


UK data champions under siege as the AI revolution gathers pace: ALEX BRUMMER

Legal and medical data provider Relx has been on an extraordinary ride over the last several years with the share price more than doubling from 2022. read


AI lawyer bots wipe £12bn off software companies - but silver and gold bounce back

As gold and silver rebounded following their recent rout, heavy selling on the stock market saw data and analytics giant RELX shed nearly £7bn of its value. read


Shoppers spend £2m a day less at Asda as troubled supermarket suffers a 'profound identity crisis'

The UK's third largest grocer took £4.32bn in sales over the 12 weeks to January 25 compared to £4.49bn over the same period the year before. read


US raider Boaz Weinstein blocks Herald investment trust deal in fresh power grab

Saba Capital, which is run by New York hedge fund manager Boaz Weinstein, pictured, controls more than 30% of the shares in Herald investment trust. read


Satellite specialist Filtronic sees profits slip despite 'record' order book after SpaceX deal

Filtronic's share price, though down 5% on Tuesday, has surged by around 1,600% in the past three years. read


Disney names theme park boss Josh D'Amaro to succeed chief exec Bob Iger

D'Amaro, pictured, will take over from Bob Iger, 74, next month, when the man credited with shaping the modern Disney finally steps down. read


Fat jab maker Novo Nordisk warns over sales as it faces intense competition from rival Eli Lilly

Novo, which makes Ozempic and Wegovy, said it expected sales to fall by between 5% and 13% this year compared with growth of 10% last year. read


Overhaul sees Glaxo slash 350 research and development roles across the US and UK

It is understood around 50 UK jobs have so far been cut in GSK's main UK R&D hub in Stevenage, although there are set to be more losses in Britain. read


Irn-Bru owner snaps up Fentimans and Frobishers as it eyes 'adult soft drinks' market

AG Barr will integrate both brands by the end of this year, with 'efficiencies' expected to come through in the second half of the year. read


Gold and silver prices open lower but begin to regain ground after huge sell-off

The precious metals selloff has caught the market largely by surprise, as gold and silver have consistently broken new records since the start of the year. read


Insurer Zurich admits it owns £100m stake in London-listed rival Beazley, which it is trying to buy

In a filing under City takeover rules, the Swiss giant revealed it has a 1.47% holding in Lloyd's of London insurer Beazley. read


Thames Water's mucky debt deal offers little hope that it will ever clean up its act, says ALEX BRUMMER

With all eyes focused on the failures of South East Water in January, Thames Water, with 16m customers, was dumping sewage into the River Mole. read


Elon Musk confirms SpaceX merger with AI platform behind Grok in $1.25tn deal

Elon Musk's SpaceX will merge with his artificial intelligence start-up as the tech titan looks to consolidate his business interests. read


FTSE 100 soars to fresh high despite metal price rout: Gold falls another 9% while silver crashes 16%

The Footsie ended up 1.2%, or 118.02 points, at 10,341.56 even as UK-listed precious metal miners and oil giants slid thanks to the commodities downturn. read


Fears AstraZeneca will quit the London Stock Market as shares rally in blockbuster Wall Street debut

The company is keeping its listings on the London Stock Exchange - where it is the second-largest firm in the FTSE 100 with a value of £215bn - and in Stockholm. read


Crayola wants to double UK business as it bets on growing interest in screen-free activities

The group, which is a subsidiary of Hallmark Cards, hopes to appeal to families looking for screen-free activities. It opened a new UK office in Woking, Surrey this month - creating 23 jobs. read


Helios makes fresh takeover bid for struggling CAB Payments

Since 2023, CAB Payments has suffered a series of profit warnings driven by foreign exchange fluctuations and the departure of key staff. read


Disney warns falling US tourist numbers will hit theme parks business

The entertainment giant said sales rose 5 per cent to £19bn over the three months to December 27, thanks to record revenues at its experiences division. But it has been hit by dwindling tourist numbers. read


Manufacturers cut jobs for 15th month in a row as cost of doing business soars under Labour

A recovery in Britain's manufacturing sector has failed to boost jobs as firms cut staff for the 15th month in a row. read


SMALL CAP IDEA: Jersey Oil & Gas' North Sea development gathers momentum

What distinguishes Jersey from many AIM-listed explorers is how narrow and advanced its focus has become. read


Top investor abandons plans to buy online auctioneer after seeing TWELVE bids rejected

FitzWalter Capital, which owns a near-22 per cent stake in the online auction house, has given up hope of securing a deal following a bitter war of words with the board. read


Unemployment will reach five-year high as business costs rise after Budget

Unemployment is expected to reach its highest level in five years in the first half of the year, according to a new forecast. read