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Archie MitchellBusiness reporter PA Media The Bank of England has warned of a “sharp correction” in the value of major tech companies with growing fears of an artificial intelligence (AI) bubble. It said share prices in the UK are close to the “most stretched” they have been since the 2008 global financial crisis, while equity…
Ofwat launches investigation into South East Water
Jacob Panons & Joshua AskewSouth East Getty Images South East Water is set to operate bottled water stations again on Thursday Regulator Ofwat has opened an investigation into South East Water after repeated water supply failures across Kent and Sussex. Some 30,000 properties had no water at the height of the problems, with thousands still…
Alan Turing AI boss denies toxic culture accusations
The Alan Turing Institute Chair has told the BBC there is “no substance” to a number of serious accusations which rocked the organisation in the summer. In August, whistleblowers accused the charity’s leadership of misusing public funds, overseeing a “toxic internal culture”, and failing to deliver on its mission. They said the Turing Institute, the…
Weight loss jabs affecting Greggs, boss says
The boss of Greggs said there was “no doubt” hugely popular appetite suppressing drugs have led to people looking for “smaller portions”, affecting the company’s bottom line. People are also looking for “protein and fibre”, and generally healthier options, Roisin Currie said, adding the bakery has been introducing products to tap into that market. Greggs…
Ex-New York Times writer Bari Weiss to lead CBS after Paramount deal
Getty Images Paramount has named former New York Times opinion writer Bari Weiss to lead CBS News, in the latest move by new owners to reshape operations of one of America’s leading news organisations. Paramount is also buying The Free Press, the digital outlet Weiss started after her acrimonious departure from the New York Times,…
