AI chip boom pushes Samsung profits to record $80bn
Samsung Electronics projects its quarterly operating profit will surge nine-fold to $80 billion, driven by soaring demand for memory chips used in AI data centers and recent smartphone launches.
Derry firm becomes one of UK’s biggest carpark operators after buying NCP
A Londonderry-based firm has acquired NCP out of administration, becoming one of the UK’s largest car park operators with control over more than 100 sites.
Carlsberg plans to shut Marston’s Brewery in Burton
Carlsberg Britvic plans to close Marston’s Brewery in Burton-upon-Trent next summer, affecting approximately 310 employees, citing declining UK cask ale demand.
E.ON Next deal to buy Ovo Energy leaves UK with just ‘big three’ energy suppliers
E.ON Next completed its acquisition of Ovo Energy, consolidating the market so that three suppliers now serve nearly 75% of British households, raising fresh competition concerns.
Bank governor urges John Healey to use budget to allay market fears amid bond turmoil
Bank of England governor Andrew Bailey urged UK Chancellor John Healey to craft a credible budget reassuring financial markets as UK government bond yields hit 19-year highs amid global economic pressures.
Harvey Nichols’ Birmingham store to close in January
Harvey Nichols’ Birmingham store will close in January with at least 60 job losses, while Leeds and Bristol locations convert to Flannels under Frasers Group ownership.