The FTSE 100 once again remains a leader in Europe, although the pullback in oil and precious metals has meant that commodity stocks are lagging behind as financials take the lead. Strong gains for the likes of HSBC, Barclays, and NatWest bring a recovery from a sector that has been hit by Trump's recent move to limit credit card interest rates to 10%.
Winston & Strawn and Taylor Wessing UK confirm that they are in discussions regarding a potential combination, which would build upon the complementary strengths, shared ambitions, and combined international reach of the two firms going forward.
Joby began power-on testing of its FAA-conforming aircraft and completed over 600 flights in 2025, including its first point-to-point demonstration. CEO JoeBen Bevirt called the regulatory progress "unprecedented." The company started manufacturing propeller blades in Ohio while adding 100+ production roles. Revenue hit $15,000, beating the $12,600 estimate, though this represents early contract work rather than commercial operations. Net loss reached $324.7 million with cash at $978.1 million following a $576 million equity raise.
According to Amazon CEO Andy Jassy, this week's 14,000 layoffs were not caused by a focus on AI or to cut costs. Instead, the massive layoffs are intended to kickstart a cultural change within the company. Amazon reported quarterly revenue of $180.2 billion, a 13% increase year-on-year. Profits amounted to $21 billion. Nevertheless, the company is taking a $1.8 billion charge for severance payments this quarter.
It was truly a summer to remember in 2025 as meme-stock traders took a shine to GPRO stock. After touching $0.50 in April, the GoPro share price catapulted to $2 and even hit $2.50 recently. On a technical level, the bullish argument makes perfect sense. If GPRO stock quintupled from $0.50 to $2.50, why couldn't it double from here to $5?
Daniel James has a unique claim to fame in the recent history of Manchester United. He is the only player who has joined the club since Sir Alex Ferguson retired as manager in 2013 and left for a higher transfer fee than it cost to sign him in the first place. James, signed from Swansea for £15 million in 2019, was moved on to Leeds for £25 million two years later.