Spotify shares have surged to their highest level since 2021 after a series of job cuts helped boost profit margins to record highs in the second quarter. However, Tesla is expected to report a decline in profits for the sixth quarter in a row. Google parent company Alphabet is also due to report earnings after a failed bid for cybersecurity firm Wiz.
Shell is planning to sell leases for floating wind farms in Scotland as it scales back its renewable energy expansion. Meanwhile, the BBC revealed that half a million households cancelled their license fee last year due to a struggle to connect with younger audiences.
Businesses are expected to cancel their attendance at the Conservative conference in record numbers, posing a significant challenge for the party as it seeks to rebuild its relationship with the business community. And the BBC disclosed the salaries of its biggest stars, with Gary Lineker topping the list at £1.35 million a year.
Overall, it has been a day of mixed news in the tech and business world, with some companies seeing success while others face challenges and uncertainties. Investors and stakeholders will be keeping a close eye on future developments in these industries.
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