Regulator warns firms over provisions for motor finance claims
It said it had "observed firms taking different approaches to account for the potential impact of previous use of DCA on their financial resources."
UK and Korea prepare for second AI safety summit in Seoul
The UK and the Republic of Korea are gearing up for the second Artificial Intelligence (AI) Safety Summit, set to be held in Seoul on 21 and 22 May.
Ferrero Rocher, Nutella and Kinder Surprise owner hails sales surge
UK sales have surged past £500m at the owner of confectionary brands such as Ferrero Rocher, Nutella and Kinder Surprise, according to new accounts.
Keir Starmer: Nuclear ‘triple-lock’ is ‘bedrock’ of Labour policy with 2.5 per cent of GDP for defence
Keir Starmer committed Labour to spend 2.5 per cent of UK GDP on defence while saying a commitment to nuclear weapons was a 'bedrock' of policy.
Petrofac mulls equity issuance as it battles to stay afloat
Oil and gas exploration company Petrofac currently remains "in discussions" with its lenders over restructuring its massive debts, suggesting options such as exchanging equity in the business.
R&Q Insurance expects large ‘adverse development’ on loss reserves
It announced in October that it had entered into a conditional agreement to sell Accredited, its programme management business, to private equity investment manager Onex Corporation.
Sigmaroc nets £214m revenue as chief hails ‘transformational’ CRH acquisitions
Sigmaroc has reported a strong first quarter, with its chief hailing a "transformational" €1bn deal to acquire a string of European lime businesses.
Competition watchdog issues warning on AI foundation models like ChatGPT
The CMA said it is concerned about the concentration of market power among a handful of incumbent technology giants' AI models.
Premier Miton assets jump despite investors pulling millions from funds
Asset manager Premier Miton saw investors continue to pull millions from its funds over the last six months, but managed to bring its assets under management up due to strong investment performance an
National Grid reforms set to drive returns at Gresham House Energy Storage Fund and Harmony Energy
Revenues from battery energy storage systems have jumped between February and March.