Leah Montebello

By Leah Montebello Updated: Cuts: Northvolt said it would axe 1,600 jobs in Sweden, a quarter of its workforce in its home country

Shares in the Cambridge-based computer business - which floated in June at 280p each to much fanfare - surged 6.6%, or 23p, to 371.2p..

By Leah Montebello Updated: Raspberry Pi has cemented its status as one of London's most successful stock market listings of recent times as it posted a bumper set of profits.

The average salary for its top bean counters has fallen from £906,000 to £862,000, as profits fell 14% to £1.1bn in the 12 months to the end of June.

The board has signed off a bumper share repurchase, which is expected to start after it announces its financial results in November.

The UK's largest carmaker will plough a further £250m into its Halewood plant on top of the £250m it has already spent over the past year.

By Leah Montebello Updated: Jaguar Land Rover is doubling its investment in a ‘factory of the future' on Merseyside to build electric vehicles (EVs).

The restructuring will mean co-founder Sam Altman (pictured) will receive equity for the first time with talks under way to hand him a 7% stake.

By Leah Montebello Updated: OpenAI boss Sam Altman is set to become a multibillionaire under plans to hand him an £8billion stake in the company.

Sima Sistani, the boss of WeightWatchers, has quit as the dieting firm struggles to compete with the growing demand for 'fat jabs' which have seen the company's popularity drop in recent years.