Monzo was launched in 2015 and has become the seventh-largest bank in the UK in recent years. With almost 10 million customers, Monzo has benefited from more customers depositing more funds with it, giving a pre-tax profit of £15.4m in the financial year ending in March, which was a huge improvement on last year’s pre-tax…
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A fall of almost 18% was registered on Friday despite DELL reporting an increase in revenue for the first time in two years. Expectations were high thanks to the current AI boom, so while the $22.6bn profits were better than the $21.6bn predicted and a 6.3% rise from last year, it wasn’t enough to convince…
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The footwear and sportswear retail giant is working on a strategic plan called the Lace Up Plan that brings together different stands of its business, such as the digital side and the in-store experience, as well as its loyalty incentives and brand building. Mary Dillon, Foot Locker’s CEO, said that the firm’s Q1 results represented…
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The firm’s adjusted earnings per share of $0.82 and net revenue of $12.8bn were both higher than expected. This led to HPQ amending its predicted full-year adjusted earnings per share to a range that covers from $3.30 up to $3.60. These results haven’t affected the forecast for its free cash flow forecast, as the estimate…
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This record-breaking move came following the chipmaker’s impressive Q1 results. Adjusted earnings shot up by 461% on a year-on-year basis and the company’s revenue climbed by 262%. A 10-for-1 share split was announced, while the NVDA cash dividend was also increased. CEO Jensen Huang confirmed that he expects the demand for generative AI training to…
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The plans are said to still be at an early stage, with the exact details of where the site will be located and how big it will be yet to be decided. AWS entered the cloud business in Italy in 2020 and currently has clients like Assicurazioni Generali and Ferrari. The initial plan involves investing €2.2bn…
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He said that BA had to burn its way through $3.9bn of its cash reserves in Q1 as it was affected by heavier operating costs as well as revenue being lowered through making fewer plane deliveries. The result could be that Boeing ends up in a negative cash situation in 2024. Earlier cash projections had…
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Its new funding efforts were led by Index Ventures and could be taken as a sign that investors remain keen to put large sums of money into the AI space. ICONIQ Growth and Teachers’ Venture Growth, Atomico and WiL all took part in the funding round. DeepL aims to use this cash to carry on…
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The details were revealed during Microsoft’s Build conference, which was held in Seattle on Tuesday. Among the highlights of the presentation was the new version of OpenAI’s GPT-4o model created by its Azure AI Studio. This new model promises to accept inputs through video and audio as well as text. Don’t miss out the latest…
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This came after the cruise line operator decided to raise its outlook for full-year profits in the face of what it called “very strong demand”. A presentation of its strategy titled ‘Charting the Course’ was included in this update made at the company’s investor day, and it laid out its plans to increase shareholder returns.…
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