M&G tilts focus to life channel as asset management demand stalls

The investment manager generated net inflows of £1.8bn in the third quarter, remaining flat from the prior year, with the majority recorded by its Life channel. The segment, which handles personal insurance and bulk…

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BP raises £785m to pay off debt after selling down Aker BP stake

The FTSE 100 energy giant told markets on Thursday it had sold a five per cent stake in Aker for around NOK9.83bn (£785m). BP still owns around 68.7m of the remaining shares, leaving it with a holding just shy of 11 per…

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AI ‘godfather’ takes aim at Altman, Musk and Zuckerberg over ‘dangerous’ tech dominance

“I think it’s particularly dangerous because of the character of some of the people involved, like Altman, Musk and Zuckerberg. I wouldn’t buy a used car from any of them”. The swipe at OpenAI boss Sam Altman, Tesla…

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Guinness maker Diageo sales squeezed under ‘competitive pressure’

The FTSE 100 group, which owns Guinness, Johnnie Walker and Tanqueray, recorded net sales up 1.2 per cent year-on-year at $4.9bn. But organic growth, which strips out currency volatility and the sale of East African…

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Asos returns to profit despite cyber attack

The London-listed retailer said its decision to pause some marketing and customer-related activity in the aftermath of the incident resulted in a “short-term disruption” to trading, estimated at between two and four per…

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Asos returns to profit as cyber attack ‘not a big thing’

The London-listed retailer said its decision to pause some marketing and customer-related activity in the aftermath of the incident resulted in a “short-term disruption” to trading, estimated at between two and four per…

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BT slashes workforce as Talktalk takeover adds to turnaround challenge

The cost-cutting drive helped push pre-tax profits up 12 per cent to £1.1bn in the six months to September, despite revenue growing just one per cent to £8.8bn. The former state monopoly said its workforce, including…

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Ministers to target ‘wild west’ of ebikes blocking pavements

The consultation, led by the Department for Transport , will aim to establish national standards on issues including parking, ending the current patchwork of agreements between individual bike companies and councils.…

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I thought chairing Sussex Cricket would mean a quiet off-season. I was wrong

The sun never sets on modern day cricket. Just ask the Australian squad, five matches into a 21-Test stretch across 12 months and under the cosh from both national media and past players. Fancy a swift cricket fix this…

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Poundland owner in crunch talks as retailer's collapse looms

The discount chain is on the brink of insolvency and Gordon Brothers, which bought it for £1 last June, has rejected a takeover bid which could have saved the 12,000 jobs currently at risk. A meeting was due to be held…

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