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Tuesday newspaper round-up: Meta, Aviva Investors, Govia Thameslink
Mark Zuckerberg has announced his social media empire is building what he claims is the world’s fastest artificial intelligence supercomputer as part of plans to build a virtual metaverse. The Facebook founder said in a blogpost that the metaverse, a concept that blends the physical and digital world via virtual and augmented reality, will require “enormous” computing power. The AI supercomputer, dubbed AI Research SuperCluster (RSC) by Zuckerberg’s Meta business, is already the fifth fastest in the world, the company said.
FTSE 250 movers: Capricorn Energy rallies; Baltic Classifieds falls again
London’s FTSE 250 was 0. 7% firmer in afternoon trade on Tuesday at 21,598. 73.
FTSE 100 movers: Banks on the rise; Rightmove in the red
London’s FTSE 100 was up 0. 9% at 7,364. 29in afternoon trade on Tuesday.
Nvidia preparing to abandon Arm deal - report
US tech company Nvidia was said on Tuesday to be preparing to abandon its purchase of chip maker Arm from Softbank after making little to no progress in winning approval for the $40bn deal.
US consumer confidence deteriorates in January
US consumer confidence deteriorated in January as short-term expectations weakened, according to a survey released on Tuesday.
AssetCo to buy River and Mercantile in £98.8m deal
Acquisitions vehicle AssetCo has agreed to buy asset management firm River and Mercantile in an all-share £98. 8m deal.
London midday: FTSE maintains gains as Royal Mail rallies on update
London stocks had maintained gains by midday on Tuesday, having taken their opening cue from a positive close on Wall Street, with Royal Mail pacing the advance after a well-received update.
German business sentiment improves in January - Ifo
German business sentiment unexpectedly improved in January, according to a survey released on Tuesday by the Ifo Institute.
Amigo shares tank again as CFO steps down
Amigo Holdings shares tumbled again on Tuesday after the guarantor lender announced the departure of chief financial officer Mike Corcoran.
RBC Capital downgrades Boohoo, lacks confidence in top-line recovery
RBC Capital Markets downgraded fast-fashion retailer Boohoo to ‘sector perform’ from ‘outperform’ on Tuesday, slashing the price target to 150p from 330p.
London open: Stocks recover after positive Wall St close
London stocks rose in early trade on Tuesday, recovering from heavy losses in the previous session and taking their cue from a positive close on Wall Street.
UK borrowing drops more than expected in December
UK government borrowing fell more than expected in December thanks to improved tax revenues, according to figures released on Tuesday by the Office for National Statistics.
London pre-open: Stocks to recover after Monday's selloff
London stocks were set to rise at the open on Tuesday following heavy losses in the previous session.