Technology
Meta to save at least $3bn in plan to oust another 10,000 workers
Meta Platforms, the parent company of social media giant Facebook, announced the laying off of an additional 10,000 employees on Monday as part of its ongoing effort to increase efficiency and improve financial performance.
Midwich reports record full-year financial performance
Specialist audio visual distributor Midwich Group reported a record financial performance and further market share gains in its final results on Tuesday.
ITM Power agrees increase in power supply for testing
Hydrogen energy specialist ITM Power announced an agreement with Power On Connections on Tuesday, to increase its power supply at Bessemer Park by 300%.
Smart Metering Systems describes 'strong' full-year performance
Smart Metering Systems (SMS), a company that installs and manages smart meters, energy data, grid-scale battery storage, and other carbon reduction (CaRe) assets, reported a strong full-year performance on Tuesday, with revenue up 25% to £135. 5m.
Focusrite first-half profits in line as revenues fall
Global music and audio products maker Focusrite said in an update on Tuesday that its first half profits were in line with board expectations, which remained unchanged for the full year.
S&P raises Rolls Royce long-term debt rating to BB with 'positive' outlook
Standard and Poor's raised its rating for Rolls Royce long-term debt with a positive outlook.