Author: Scott Dylan

Alphawave Semi shares experienced a significant decline following a downward revision of financial forecasts for the year.The company’s revenues fell by 51% in the first half of 2024, leading to a substantial increase in after-tax losses.Alphawave adjusted its revenue guidance due to a merger of major AI clients in Korea, affecting ongoing projects.Despite challenges, the company reported a 20% increase in total bookings, indicating strong demand.Share value plummeted by 39%, reflecting an 80% decrease since its 2021 IPO.Shares of Alphawave Semi sharply declined upon the release of revised financial forecasts, further darkening investor sentiment. The semiconductor company’s stocks fell more…

An analysis by BBC Panorama uncovered discrepancies in Tesco’s Aldi price-matched products.Certain Tesco items like chicken nuggets and blackcurrant squash contain less main ingredients than Aldi’s versions.For instance, Tesco’s chicken nuggets have 39% chicken, whereas Aldi offers 60%.Among 122 items examined, 38 had significantly less of their main ingredient compared to Aldi.Tesco asserts that ingredient quantity does not always equate to product quality.An investigation led by BBC Panorama has highlighted significant disparities between the ingredient compositions of Tesco’s products and their Aldi equivalents, particularly those marketed as price-matched. The analysis, conducted in August, revealed that several of Tesco’s offerings, allegedly…

Frasers Group encounters a significant issue with £7m unaccounted wages.The missing data is attributed to an accounting system error during acquisition.I Saw It First is among the affected businesses under Frasers Group.Cooper Parry auditors struggle to verify payroll data post-acquisition.Frasers Group continues its expansion with new store openings planned.Frasers Group is embroiled in a complex situation where £7 million worth of wage and salary data for its subsidiary, I Saw It First, cannot be verified due to an accounting system error. The issue arose after the company’s acquisition in July 2022. Despite efforts, the payroll data failed to migrate to…

Oxford Metrics reports a significant financial adjustment due to heightened customer caution.The company predicts full-year pre-tax profits to fall short of the £7.8m market expectation.Revenue forecasts have been reduced from £48.6m to a range of £40m-£42m.The global games industry slowdown has impacted Oxford Metrics’ entertainment division.Stock value has plummeted over 40% since the beginning of the year.Oxford Metrics has revised its financial outlook for the remainder of the financial year due to increased customer caution. The company, operating within the smart sensing and software market, has faced extended purchase decision cycles globally, leading to a forecasted decline in profitability and…

Recent developments in Donald Trump’s campaign have stirred significant discourse. His controversial statements and behaviour continue to shape the race. The contest remains highly competitive with no clear frontrunner. Current poll trends indicate a slight edge for Kamala Harris. Key swing states will ultimately determine the outcome.In recent weeks, former President Donald Trump has made several contentious statements that have attracted widespread attention. He has spread unfounded claims about immigrants in Ohio and remarked that Jewish voters would bear responsibility if he does not win in November. Additionally, Trump has not condemned a North Carolina gubernatorial candidate who referred to…

Bluprintx, a Liverpool-based tech firm, has embarked on a significant growth journey following a substantial investment from Palatine’s buyout fund. Leveraging this newfound support, Bluprintx has successfully acquired ITG Commerce to enhance its service capabilities.The investment by Palatine is a turning point for Bluprintx, providing the firm with the financial backing to pursue its ambitious expansion plans. By acquiring ITG Commerce, Bluprintx aims to broaden its service offerings, particularly in the Adobe ecosystem where ITG specialises.With an expanded team of over 140 global employees, Bluprintx is positioned to deliver more comprehensive solutions. This strategic move enables the company to strengthen…

California has taken a significant step towards environmental conservation. Governor Gavin Newsom has signed a new law.Effective in 2026, this legislation will ban all plastic shopping bags in grocery stores across the state.A Landmark LegislationUnder this new legislation, consumers will no longer have the option to choose between ‘paper or plastic’ at the checkout. Those without their own bags will be asked if they want a paper bag instead. This is a major policy shift aimed at reducing plastic waste substantially.Previously, California had prohibited thin plastic shopping bags, but shoppers could still buy thicker plastic bags deemed reusable and recyclable.…

The 2024 presidential election between Kamala Harris and Donald Trump is shaping up to be the closest race for the White House in the past 60 years. Polling since the September 10 debate indicates a tight contest, with Harris maintaining a slight national edge over Trump. However, the race remains well within the margin of error, making it too close to call.Recent polling, including surveys from CBS News and NBC News, shows Harris leading by 4 to 5 points, which are some of her best numbers to date. Historically, Democrats have seen larger leads at this stage, underscoring the unprecedented…

Stockport is poised for an architectural transformation with a new £6 million development proposal.The project features a six-storey building inspired by New York’s Flatiron, comprising 33 apartments and ground-floor retail space.A Modern Architectural MarvelThe proposed building is located at the intersection of Tiviot Dale and Bridge Street, near Stockport’s bustling Merseyway shopping centre and the historic Underbanks quarter. This sought-after location perfectly complements the innovative design inspired by New York’s iconic Flatiron building.Renderings by Ollier Smurthwaite Architects display a striking homage to Manhattan’s famous skyscraper, adding a touch of urban sophistication to Stockport. The development will consist of 33 contemporary…

A historic site in Oldham is set to undergo significant transformation as plans to develop over 100 new flats receive approval.Despite local opposition, the project aims to enhance housing provision while respecting the heritage of the Ivy Mill, which has been a part of the community for 140 years.The Ivy Mill conversion marks a significant shift in the utilisation of local heritage, transforming part of Oldham’s historic landscape. The 140-year-old mill, a site of considerable local significance, will see the addition of four new tiered floors to its existing structure. The development includes over 102 residential units, which will range…