The owner of the Drax power plant has reported its highest earnings ever only weeks after the government admitted that its controversial subsidies for biomass power had allowed it to make “unacceptably large profits”. Drax Group said its adjusted earnings rose to £1.06bn last year, narrowly above its profits of £1.01bn the year before and…
Rolls-Royce has said it will return £1.5bn to shareholders as the British jet engine manufacturer paid its dividend for the first time since the coronavirus pandemic. The FTSE 100 company announced on Thursday its underlying operating profits rose 55% in 2024 to £2.5bn, as it upgraded its guidance for future earnings. Rolls-Royce made underlying sales…
Three months ago I sent a very precious antique African drum (djembe) I use for work to a repair shop in Stoke-on-Trent using Yodel Direct. It never arrived. Initially, I was told the drum was “definitely” not lost as it had been scanned passing through Yodel’s Hatfield sorting office. I am desperate for someone to…
Alleged murder victim Toyah Cordingley was unhappy with her boyfriend and wanted to leave him a week before her body was found buried on a beach, a jury has heard. Rajwinder Singh has pleaded not guilty in the supreme court to the murder of Cordingley, 24, at an isolated far north Queensland beach on 22…
BEIJING — Chip giant Nvidia has flagged heightened competition from Huawei, despite U.S. restrictions on the Chinese telecommunications company. In an annual filing Wednesday, Nvidia listed Huawei among its current competitors, including it in the list for a second straight year. The company, blacklisted by the U.S. for national security reasons, did not feature among…
Sadiq Khan, the mayor of London, has announced an ambitious plan to add more than £100bn to the capital’s economy within a decade. Unveiling what he is calling the London growth plan, Khan said he was allocating hundreds of millions of pounds in devolved funding in an attempt to return the annual productivity growth of…
Nvidia CEO Jensen Huang gives a keynote address at CES 2025, an annual consumer electronics trade show, in Las Vegas, Nevada, U.S. Jan. 6, 2025. Steve Marcus | Reuters Nvidia on Wednesday evening delivered a better-than-expected fiscal 2025 fourth quarter driven by a $2 billion revenue beat on data center sales. Forward guidance also exceeded estimates.…
Marc Benioff, chief executive officer of Salesforce, speaks during the World Economic Forum in Davos, Switzerland, Jan. 18, 2024. Halil Sagirkaya | Anadolu | Getty Images Salesforce shares fell in extended trading Wednesday on mixed quarterly results and weak guidance. However, the enterprise software giant’s AI business is picking up steam, which should propel the…
FILE PHOTO: The headquarters of the U.S. Food and Drug Administration (FDA) is seen in Silver Spring, Maryland November 4, 2009. Jason Reed | Reuters A crucial March meeting of vaccine advisors to the Food and Drug Administration has been canceled without explanation, a member of the advisory panel told CNBC on Wednesday. The meeting…
Pavlo Gonchar | SOPA Images | Lightrocket | Getty Images Snowflake forecast fiscal 2026 product revenue above analysts’ estimates on Wednesday as the data analytics provider sees rising cloud service growth amid advancements in artificial intelligence, sending its shares up 11% in extended trading. The company also said it has integrated OpenAI‘s models directly in…
