UK-based chip designer Arm Holdings has secured a $54.5bn (£43.6bn) value ahead of its eagerly anticipated return to the stock market later on Thursday. Shares in the firm, majority-owned by Japan’s SoftBank Group, are scheduled to start trading today on the Nasdaq in New York. High demand from investors meant it was able to sell
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Shares in UK-based chip designer Arm Holdings have soared after the firm made its Nasdaq debut on Thursday. The firm’s stock opened at $56.1 (£45.2) per share – 10% above the initial public offering (IPO) price of $51 (£41). Arm, which is still 90.6% owned by Japan’s SoftBank Group, had earlier secured a valuation of
The NHS will receive a £200m boost from the government ahead of the busiest months of the year for them. The winter resilience fund is aimed at supporting the health service so it can attend to patients as quickly as possible amid record waiting lists. Last month, NHS England said 7.6 million people were waiting
Labour has confirmed it would seek to negotiate a returns agreement for migrants with the EU if it wins power, as it accused the government of having “lost control of our borders”. Shadow Cabinet Office minister Nick Thomas-Symonds said the “objective” was to secure a returns agreement to establish “management and control of the system”.
The number of deaths in the Libyan city of Derna could range from 18,000 to 20,000 following catastrophic flooding, according to the city’s mayor. Abdulmenam Al-Ghaithi told al-Arabiya TV today this could be based on the number of wiped-out districts in the city. It came as the King sent a letter of condolence to the
Billionaire Elon Musk has refused to answer Sky News questions about claims he foiled a Ukrainian attack on Russian warships. The businessman behind SpaceX and X, formerly known as Twitter, has been accused of enabling Vladimir Putin by withholding the use of his satellite network. Ukrainian military forces planned to use the Starlink satellites for
Deloitte is planning to cut more than 800 jobs in the UK, sources say. The company, one of the ‘big four’ accountancy firms, is considering the move as part of a cost-cutting restructuring. In a statement to Sky News, Deloitte confirmed some roles were potentially at risk of redundancy, but did not go into specifics.
Kanye West is being sued by a former employee who claims he was forced to work in dangerous conditions and sleep on the floor of a property the rapper was renovating. Tony Saxon claims he is owed $1m (£800,000) in unpaid wages and loss of earnings after working as a project manager, full-time security, and
Sara Sharif’s father, stepmother and uncle have been arrested on suspicion of murder in connection with the death of the 10-year-old girl. In a statement, Surrey Police detective superintendent Mark Chapman said: “Two men, aged 41 years and 28 years, and a woman, aged 29 years, were arrested on suspicion of murder after disembarking a
If your group chats just aren’t cutting it any more, WhatsApp is now letting people sign up for direct updates from celebrities, sports teams and brands. The Twitter or Telegram-like ability to follow accounts on the private messaging platform was announced in June. Dubbed “channels”, the launch was initially limited to a few countries, but
Three adults who British police want to speak to in connection with the death of Sara Sharif are returning to the UK from Pakistan. Her father Urfan Sharif, stepmother Beinash Batool and uncle Faisal Malik were the subject of an international manhunt. Sara, who was 10 years old, was found dead in her home in
The world is “nowhere close” to artificial intelligence (AI) becoming an existential threat, according to the Pentagon’s computer intelligence chief who predicts future supremacy in the field will all come down to data. Recent headlines around generative models like ChatGPT have misled people about their power, according to Dr Craig Martell, the US defence department’s
The Range, the value retail chain, has struck a deal to buy the Wilko brand from its collapsed rival’s administrators. Sky News has learnt that The Range, founded and owned by Chris Dawson, has agreed to pay in the region of £5m for the Wilko name. The deal is expected to be announced later on
A convicted murderer who broke out of prison by “crab-walking” over the walls has been caught after a nearly two-week-long manhunt. Danelo Cavalcante broke out of Chester County Prison in Pennsylvania on 31 August. CCTV showed the 34-year-old stretching himself between a pair of parallel walls from the prison’s recreation yard in order to climb
Sir Keir Starmer has branded the prime minister “inaction man” over the problems facing the UK’s schools and prisons. Mr Sunak has been greeted with a number of problems on returning to Westminster from the summer recess, including a crisis involving concrete in public buildings, the escape of a terror suspect from prison and allegations
It takes just minutes for the scenes to turn grim: a dirty trap house, a drug user injecting scabbed feet, a tiny baby crawling amid the filth. This is Trapping, a new British film starring MOBO-winning drill rapper Abra Cadabra and produced by filmmakers and grime pioneers Femi Oyeniran and Nicky “Slimting” Walker. Later this
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