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The Markets
by Proactive
Proactive UK has moved.
Coverage of London’s small caps continues on proactiveinvestors.com
Go to Proactive UK
The Markets
by Proactive
Proactive UK has moved.
Small-cap coverage continues on .com
Go to Proactive UK
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The Markets
by Proactive
Proactive UK has moved.
Small-cap coverage continues on .com
Go to Proactive UK

Tech

FIVE at FIVE: OpenAI saga; Autumn Statement preview; Darktrace short seller; FTSE 100 lower; Avoid Royal Mail stock?

Here’s Proactive’s round-up of the top financial stories of the day, with helpful links taking you directly to the news

1. OpenAI saga: Staff in quit threat if Altman is not restored to the helm

More than 500 employees of OpenAI, the company behind ChatGPT, have threatened to resign following the removal of CEO Sam Altman.

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2. Autumn Statement: Tax cuts in view as announcement nears

Jeremy Hunt’s autumn statement on Wednesday has drawn increasing interest as it draws nearer amid swirling rumours of what the chancellor may, or may not, announce in Parliament.

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3. Short seller ‘Dark Destroyer’ places Darktrace in his sights

Matthew Earl is the managing partner of ShadowFall, a hedge fund focused on shorting companies, and was one of the early critics of German payments company Wirecard (ETR:WDI).

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4. FTSE 100 Live: Stocks lower with subdued open seen on Wall Street

The Nasdaq lead US stocks higher with the fall-out from Sam Altman's departure from OpenAI continuing to doiminate the business world.

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5. Royal Mail-owner International Distributions Services may be one to avoid, says investment bank

With a target price set at 180 pence, the investment bank's analysis underscores deep concerns about Royal Mail's ability to achieve significant revenue growth and improve productivity in a highly competitive and evolving market.

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