AI infrastructure boom helps power Halma to record sales and profit Tech The AI infrastructure boom helped underpin another record year at Halma as the FTSE 100 safety and equipment maker delivered more than £2.5bn in annual revenue for the first time. The 130-year-old group, which owns dozens of specialist businesses across safety, healthcare and environmental tech, posted record revenue and profit, extending a growth streak that [...]
Nvidia beats again – but Wall Street’s expectations keep rising Tech Nvidia delivered another record-breaking quarter on Wednesday night, extending its dominance at the centre of the AI boom – but investors are increasingly asking how long the explosive growth can continue. The world’s most valuable company reported first-quarter revenue of $81.6bn, up 85 per cent year-on-year and ahead of Wall Street forecasts of $78.9bn. Net [...]
OpenAI-linked shares plummet after it fails to hit growth targets Tech Companies with financial ties to the fate of OpenAI sold off sharply on Tuesday after it emerged the ChatGPT maker had fallen short of internal targets for revenue and user growth. Shares in Japanese investment giant Softbank and data centre hyperscalers Coreweave and Oracle plunged by between four and eight per cent reigniting nerves over [...]
‘Engine of the UK’s economy’: Mid-sized firms set to ramp up investment in boost to growth July 22, 2024 More than half of the UK's mid-sized firms plan to invest at least £3m in the next five years.
National Grid kicks off multi-billion pound capital raise to help the UK meet green targets May 23, 2024 National Grid has annocuned a bumper fund raise to help meeting its capital spending objectives.